Here you'll find the history of changes made to MJNA's share structure in order off occurrence.
The increase was for the lotus capital line of credit. The 2nd increase was for the 15 million dollar Line of credit. The 47 million is for canchew's expansion. All of these share structure increases and decreases are used for company expansion. You make it sound as if they are pocketing the money and giving their shareholders no promising progress.
Also, when new shares are authorized they aren't even in play for 90 days due to rule 144."Rule 144 here"