Cannabis Science is a developmental stage company that is focused on the pharmaceutical aspect of the industry. What's interesting about Cannabis Science is that they are realigning their business strategy by selling off businesses that distract from their pharmaceutical products. Getting medicines approved through the FDA is a long and difficult process. It's not likely that Cannabis Science will depart from their focus on medicine which they must be capable of producing and proving to deliver precise doses with predictable effects to users. Businesses that focus on their core competencies and divesting themselves of distractive operations can dramatically improve their potential for successful growth and success.
I'm most impressed with how the company has transformed itself into a legitimate pharmaceutical company. I believe that Cannabis Science will grow much slower than Medical Marijuana but experience accelerated growth as their products near maturity. This will be followed by the traditional huge pops as the milestones are achieved during medical trials. Success could come sooner than later as they have recruited some seriously well connected talent to their research and business development teams. Most recently they welcomed Harold C. Smith, Ph.D., Professor in Biochemistry, Biophysics and Oncology and a Member of the Center for RNA Biology at the University of Rochester, School of Dentistry and Medicine, to the Company's Scientific Advisory Board.
For those of you not familiar with RNA, it is the acronym for ribonucleic acid. Essentially, DNA makes RNA and RNA makes proteins, so the flow of genetic information is transferred from the DNA through the RNA to the proteins that create our structure. This type of information is important because it demonstrates that Cannabis Science is serious about research. Doctor Smith is also known to have received numerous federal and foundation research grants which will provide the company with more experience as they pursue more of these types of funding.
Cannabis Science is currently not profitable, but as mentioned above, the company is a "Developmental Stage Company'. The Q3 Consolidated Balance Sheet for Sep 2012 shows that the company has 850,000,000 shares authorized of which 686,020,573 have been issued. Of the issued shares, 305,420,574 are outstanding which would leave the company with 380,599,999 shares. At the 12 Feb closing price of .08 cents, that would provide the company with access to about $30.4M to finance operations and pay for their talent pool.
As micro caps stocks, both Medical Marijuana and Cannabis Science come with more risk than seasoned issues. The stocks are volatile because of their speculative nature. But just as you have the potential to lose money, you also have the potential to make a substantial contribution to your investment portfolio. The recent run-ups in both stocks have proved to be very lucrative for some investors. While there is no guarantee that federal laws against marijuana will be reformed, it is unlikely that the federal government will continue to wage war regarding this issue against its component states forever.
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