Replies to post #183919 on Medical Marijuana Inc (MJNA)

[Det_Robert_Thorne]

MJNA should have included KannaWay's 2014 financials

MJNA closed the deal for KannaWay before the end of 2014, doling out the 833M shares at that time. The filing shows $1.45M in Kannaway assets on the balance sheet, but the Statement of Income shows only about $53K in Kannaway revenue.

The court filings show more, and different revenue numbers.

Shouldn't MJNA have filed a full set of 2014 financials for Kannaway's 2014, showing shareholders evidence of why MJNA was willing to pay $100M (833M shares) for Kannaway?

In addition, if Kway assets were $1.45M and liabilites were about $0.35M, leaving $1.1M in equity, why didn't MJNA record the $100M as, $1.1M of fair market value plus $98.9M of Goodwill (or Purchase Consideration)?