Medical Marijuana Inc (MJNA)

[palmspringsbum]

If they're actually acquiring revenues of $40M per year, and showing a profit, then their financials are better than CANA, and so $4.20 is entirely possible, but I don't think by April 20.

I really hesitate to say that, but it is a fact. The announcements are exceedingly vague...

In their favor, I expect this enterprise is turning a profit, if it is real. That cannot be said for CANA, who recently announced that for the year ending 31 Dec 10 their cost of sales exceeded their revenue (~7.7M) and at their current burn rate they'll be out of cash in 8 months.

On the other hand, as I said before, CANA is ~80M shares while MJNA is about ~250M, and MJNA is probably about to double to ~500M issued and outstanding with ~600M authorized.

If the business is clinics, CANA has shown that their medical clinics (which write recommendations) give a much better net return than WeedMaps ... or pretty much any other ancillary business.

I can't help but suspect this is a huge, over-the-top, pump. But if it isn't ... if, if, if, if, if.