"The company may be in for a bit of a hard time opening the locations considering its last reported financial situation. Here is what USMJ had to show on its books as of March 2015:
- ZERO in cash
- $66,500 in total current assets
- $4.4 million in current liabilities
- ZERO in revenues
- $357 thousand in quarterly net loss
"The company has not generated a dime of revenue over the last three fiscal years and is in what should be the final steps of transitioning into a marijuana-based business model. Interesting facts about USMJ include the reverse 1-for-20,000 split the company executed in early 2015, reducing its outstanding shares significantly, as well as the fact that 1.2 BILLION of the pre-split shares were issued at prices between $0.00005 and $0.00007 (those are indeed four zeroes after the decimal)."
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