Medical Marijuana Inc (MJNA)

[nopancakemix]

Step In the Right Direction
Having a CEO in place, especially one with a medical background and company history is progress. I'm impressed that the CanChew executives were willing to step up to the plate with the audited financials and Q2 results looming. It seems optimistic but I'd like to think the 3 new leaders would only assume their new roles if they believed it was possible to right the ship. In addition and perhaps more significant, I suspect the CanChew execs would not be stepping up if there was credible evidence of illegal activity.

In a little more than 2 weeks hopefully there will be more clarity regarding Q2 results, 2 year audited financials, share count and other pending questions. I don't expect CanChew to be much of a boost. It's hard to estimate sales but an interesting idea would be to start a thread on this message board where members could post what products they have purchased. This worked extremely well on another message board where we tracked sales numbers on the very first iPhone by having members gather IMEI numbers from everyone they knew. In the end the board estimated 1.2 million were sold in the first 4 days and when the company reported, we were only off by about 125,000. If we could track the CanChew sales from board members here, put them into the crystal ball, maybe some estimates and hard numbers could be discussed.

The THC market is where the money is being made right now, as well as the past decades since cannabis prohibition began. Since Red Dice/Dixie is a well developed brand in Colorado, MJNA should be exploring all avenues for revenue. It will be interesting to see the handling of profits from recreational sales and how the federal government reacts should companies like MJNA or ERBByte dip into that pot through any loophole. THC gum would be the logical next step

MJ equities typically start the year with a bhang but the drift right back down. CBIScuit had their run in Feb 12. MJNA ran up this past Feb. Who's next? Does the tide raise / lower all boats pending some other factors?