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Det_Robert_Thorne

03/31/15 4:11 PM

#182824 RE: geeker #182823

Why? They won't include KannaWay

Even though the financials will be late, they should be very interesting.


The 2014 results will be bad, and they won't include KannaWay until the 2Q/15 report is filed. Why do you think that MJNA hasn't talked at all about 4Q/14 revenues?

As to that supposed 42% increase from KannaWay, it comes as no surprise, because KannaWay had lost an incredible number of brand ambassadors throughout 2014, and at the end of the year, instituted a new "KannaWay University" program that charged members $15/month for instructional videos.

So the question about the KannaWay numbers is: How much is actual product sales versus payments for membership by Brand Ambassadors?

deafelephant

03/31/15 6:17 PM

#182825 RE: geeker #182823

They neglected to mention exact numbers for this "42% increase". There's a reason they left that out. It's not impressive at all.

2014shelby

03/31/15 11:34 PM

#182827 RE: geeker #182823

Yep. Thanks for the info. GLTA