Built a great product line? That's just silly.
They've hardly built anything.
1) Apparently, HempMeds wasn't paying its bills, so CannaVest dumped them.
2) Dixie Botanicals was created by the folks at Dixie, and it's been a red-headed stepchild to the Cibdex products made by CannaVest, which MJNA will in all likelihood lose access to, forcing them to try to reinvigorate Dixie Bot.
3) MJNA lost Dixie Elixirs due to management screw ups. MJNA didn't build Dixie E, Tripp Keber did.
4) CanChew gum has been a "nothingburger", with declining revenues.
5) RSHO is a CannaVest product
6) Cibaderm is a CannaVest product
7) MJNA had nothing to do with KannaWay, other than order fulfillment, and that was handed to them because CannaVest owns Cannabis Beauty Defined and a major shareholder of CannaVest owns KannaWay (Stuart Titus and his company, General Hemp).
7) HempVAP has been underwhelming, and is only sold through KannaWay
8) MPSI Security isn't going to be a big revenue generator, as it is a service business that is easily duplicated
9) Their Hempwire venture with LiveWire is likely to be a bust. Did you see LVVV's results, and how that stock has fallen nearly 40% since they were announced two days ago?
The only reason MJNA has a couple of million in cash is because they borrowed it. I would really, really like to see the terms under which that money was loaned. Is it a convertible note?
Oh yeah, they have a great product line and have made some savvy deals.
Snicker.
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