Replies to post #61984 on Medical Marijuana Inc (MJNA)

[deafelephant]

That remains to be seen. Have you seen their balance sheet?

3.6M in cash - but 4M of that is all Cannabank's money. How convenient to store the cash in a "foreign corporation". So what this means is that MJNA is actually minus 400,000 in cash. Negative cash flow for MJNA.

then there's nearly 9M in liability/holdings - such as expenses for licensing, facilities etc.

They actually only increased their profits by $7,000 past quarter.

And now they want to sign a 15M credit line back by Cannabank's 4M plus another $11M worth of shares. And that's only if they finalize the S-1 registration.

Meanwhile Phytsophere is somewhere in Eastern Europe, apparently, we have zilch info about this. It's all very hush hush and secretive. Hm. And some unnamed firm offered to pay 24M for it, but again, none of this can be verified or checked out. So, it could be just an attempt to pump.

And all the other operations like Hemp Network, Pet Hemp Emporium, etc etc etc, no income.

Wellnes Centers, which ones are those exactly? Where are they?

Dixie Elixirs is still subject to federal laws. Canchew - how much cbd is in the gum exactly? How much CBD or THC is required to provide any actual pain relief?

A lot of question marks.