Medical Marijuana Inc (MJNA)

[Blazing Stock]

wrong wrong wrong Alan the lawsuit is over money although MJNA is named as a defendant the lawsuit was initiated by Cannavest.

Cannavest does not own MJNA this is most likely a technicality over MJNA's association with Phytosphere which Cannavest took over in 2013.

MJNA still owns 60% of RDH and will continue to own this long after the lawsuit.


item 1: LEGAL PROCEEDINGS


On August 30, 2013, the Company filed a lawsuit in the Superior Court of the State of California, County of San Diego, against Dixie Holdings, LLC, and Left Bank, LLC. After the Complaint was filed, Red Dice Holdings, LLC, was added to the case as a defendant. The lawsuit seeks recovery of not less than $736,495.98, plus interest, which represents monies owed to the Company by the defendants for shipments of cannabidiol. The shipments were requested by the defendants and delivery of the merchandise was accepted. The case is currently pending and the Company is pursuing it based on claims for breach of contract, goods sold and delivered, open book account and account stated.