On the 8k of Cannavest. It is quite clear that they will probably go public between $4-6 on Feb. 26. Many people are missing the whole point here. MJNA in all reality is raising money without diluting MJNA anymore through an IPO. To begin with the chief executive has already bought 37,337,000 million shares of MJNA who is the sole employee of CannaVest before the IPO.
PhytoSPHERE is a Delaware limited liability company owned by Medical Marijuana, Inc. (MJNA.PK), an Oregon corporation, and Hemp Deposit and Distribution Corporation, a Delaware corporation. Our Chief Executive Officer and sole member of our Board of Directors, Michael Mona, Jr., owns and/or controls approximately 37,337,000 shares of common stock of Medical Marijuana, Inc., which represents approximately 4% of the issued and outstanding shares of the capital stock of Medical Marijuana, Inc. as of February 11, 2013. Mr. Mona does not hold any management position with Medical Marijuana, Inc. or serve on its board of directors, nor has he held any such position previously. Mr. Mona neither owns shares in, nor serves Hemp Deposit and Distribution Corporation in any capacity, nor has he done so previously.
This is 4% of the total o/s. Next you have MJNA in a growth mode unparelled since the dot.com era to the tune of 1000%+ on a y/y basis with a slew of products flying off the shelf and lot more scheduled for release soon. What better way than doing an IPO on a spin-off and receive the funds needed to finance and grow hemp. Look at all divisions and not a single division partner of MJNA is the majority holder. At this point they will own over 50% of Cannavest after the IPO and have funds to establish the anticipated growth which is absolutely incredible. Obviously by the terms of this agreement no shares will be less than $4.50 or more than $6.00 andagain IMO, the demand for an IPO of 2-3 Mil shares would give them an additional $15 Mil in revenues to buy and grow the hemp. Also within the fine print they are in discussions to secure a hemp production facility within the State of Colorado.
In addition, we are currently in early discussions to secure a hemp oil production facility in the State of Colorado. The State of Colorado Constitutional Amendment 64 (passed November 6, 2012) supports the planting of a hemp crop as early as the spring of 2013. We are also exploring other national and international hemp business opportunities and acquisitions. Major areas of future interest include hemp based textiles, building materials, bio-fuels, paper, bio-plastics, livestock feed/bedding as well as consumer personal care products. There is also a significant market within the pharmaceutical industry for medical-grade hemp and medical cannabis products.
Do as your going to do but IMO it doesnt get any better than this. In order to jump into this market as quickly as possible and not getting screwed over by some loan sharks for the anticipated growth this was by far the best alternative. Please take the time and read the 8k as no revenues will quickly become a $100Mil+ majority owned subsidiary.
Market Data 
Markets 
AI
