Medical Marijuana Inc (MJNA)

[Alan Brochstein]

If someone wants to talk about CannaVEST, then it should be discussed on the proper thread, but MJNA will own about 7mm shares by about the time the year ends. At the current price, CANV represents over half of the MJNA market cap, so it will be interesting to see how that plays out. MJNA needs cash, and its investment in CANV could be the piggy bank.

I have no idea how my view will change in the future, but I do know this: Things change. IF I see a sign of traction, then my opinion will change. Things could happen that could make me at that point change my mind and say it's a zero. For now, and this is somewhat subjective obviously, I think the company will maintain a $50-60mm market cap. That valuation is highly speculative - there isn't anywhere close to the cashflow to support it, but maybe your optimism is warranted and there will be.

I would like to see evidence of "huge benefits with reviews of top medical facilities in the world". Sure, there have been some advocates and some positive studies, but this sounds like a stretch. It's preliminary. I am certainly not anti-CBD. I would like to have a better handle on what type of IP MJNA can actually put together. So far, nothing but a gum patent that is pending, though that could be used for lots of meds theoretically. THey do appear to have a lead on high-CBD oil, but I would bet the Chinese can do the same soon.

Also, MJNA has turned the corner on becoming more transparent, but they haven't made every attempt. Please!