I personally believe MJNA is doing all the right things.
They have been setting up their main market very well and they need to keep an eye on saturating the market in their area. With legalization they have to concentrate on doing it right to be a major player and get the product everywhere it can.
Then they can continue to expand into other states. I was surpised they are looking at Mass before Washington, but they have seemingly done a fantastic job with marketing and media attention.
However with all the attention on expansion, it is difficult to continue focusing on constant media blitzes. I believe that if they continue the course as they have been in regards to doing it right and paying attention when they need to, everything will fall into place.
Remember it is costly to ramp up production. I have faith they are progressing in an orderly and well thought out fashion. Their brand label is eye catching with excellent brand awareness.
We can't expect this in a day. We all want to make money and I believe we all will. If it gets uplisted, this would be huge.
Sure there will be competition coming, but we are leaders here in my opinion. Look at all the competition Budweiser has yet they continue to dominate the market.
I am happy to be long and believe we will all be rewarded. I have been buying since .003 but didn't go that heavily. My total cost basis is around .19 so I am in a good position. I don't believe you can go wrong even at these prices.
It would be nice to see rescheduling and uplisting and a huge run-up in price but I am content to watch this slowly rise. We have currently been a little stagnant, but look at where we've been and all the potential yet to be tapped. So look at the longer trends and see we're going in the right direction.
There are bound to be glitches along the way, but until I see the company start to be mismanaged, which I don't think it will I am long all the way.
Sure I would like to be rich tomorrow, but who cares if I have to wait a few years.
In my opinion this is the right stock at the right time.
