Replies to post #115606 on Medical Marijuana Inc (MJNA)

[Det_Robert_Thorne]

Here's the negative reason

The deal included 460KG of CBD hemp oil.

Even at the higher, $15K price, the value of the hemp oil was only 460kg * $15,000/kg = $6,900,000.

But in the Balance sheet of the updated Q4 report, MJNA valued the hemp oil inventory at $8,700,000.

OTOH, in the Statement of Cash Flows, they valued the inventory at $6,810,761, which is significantly closer to the calculated $6.9M.

So in two out of three measures, they establish the value of the CBD at less than $7M.

Why did Cannavest pay $35M again?

Here's another issue:

Cannavest says they sold about $1.2M of CBD in Q1.

What was the profit margin on the resale of this oil?

[bensondog]

going positive maybe chance to tell the charts and see what they say.