Replies to post #175193 on Medical Marijuana Inc (MJNA)

[Det_Robert_Thorne]

The sources are various filings

MJNA's AXIM holdings of 14,943,650 shares are shown in that company's DEF1 14C (no page number, but it's in the last 1/3 of the report):

http://www.sec.gov/Archives/edgar/data/1514946/000138730814000081/def14c.htm

AXIM has a very small float, so it's only taken a couple of buys over a few months to bring it from $1 to $10.

BTW, it is a shell company that MJNA and Sanammad Foundation (the guys who came up with CanChew gum) bought in order to create a new company to work on oral delivery of drugs via chewing gum. It initially appeared that they were going to move CanChew gum to that company, but that hasn't happened yet, and may not.


The CannaVest shares were paid to MJNA over the course of 2013 and when CannaVest filed their 10-K a few months ago, they showed 5,825,000 shares as of the end of FY2013 (See page 6 of the 10-K).

That 5.8M included 1,165,000 shares due to HDDC Holdings, MJNA's main financier (run by ex-CEO, Mike Llamas,). Subsequent to the filing of the 10-K, CannaVest sold its share in KannaLife to HDDC Holdings for 500,000 shares, so the final number of CANV shares being held by MJNA on its balance sheet is 5,325,000 shares.