Medical Marijuana Inc (MJNA)

[On2_addict]

MJNA Valuation???

How can anybody think that MJNA is worth a dime a share?

Very close to a billion shares outstanding. Means if they by some miracle did $4 million in earnings next year it would equate to .004 cents per share earnings. Give them a PE of 20 and they are worth 8 cents per share based on 2014 earnings.

The problems with that are first they will be lucky to do $4 million in revenue, let alone earnings.

Expenses will need to go up to produce more revenue which adds to cost and Outstanding shares could increase.

I just do not see much excitement for CBD products. The money is in Marijuana that gets you high, not CBD. Maybe if there is at some point evidence that the CBD alone actually does something then more will buy it, but so far that is probably years away.

Others who are growing and/or selling actual Marijuana will profit much, much more than MJNA will.