Medical Marijuana Inc (MJNA)

[newmedman]

I agree but they must have used that up because they just went for two million more. Two million in equity based financing.

So Cannabank put up four million for a 20 percent equity stake in whatever they have acquired up to this point. 8 percent royalty too whatever that is. Pretty shrewd business. That should pay off handsomely for Cannabank down the road.
They are the majority shareholder as well.

Now the 2 million will not be dilutive as long as MJNA pays it back on time..... Which a debt free company should be able to do.

a debt free company that has apparently burned through the first four million and needs to put their stock on the line for two million more.

That would be a heck of a lot of shares if MJNA were to miss a payment..... But that would never happen, would it ?

They have hardly any expenses and a steady stream of revenue..... expanding globally for free !!!