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| MJNA Up Early 10% On SA Blog |
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 Hot Stock to Watch |
Company: Medical Marijuana Inc. (Pink Sheets: MJNA)
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Last:
Price: 0.1692
Change (%): + 0.0152 (9.87)
Volume: 1,261,316 |
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Medical Marijuana Inc. To Launch New Products
It's been a very exciting month for Medical Marijuana, Inc. (Pink Sheets: MJNA), with two super-spikes in the price precipitated by industry-wide news but both followed by steep and quick retreats. Traders, at least those on the right side of the wild action, love the volatility, and investors must be cheering the improving technicals and indications of promise ahead as the company hopefully capitalizes on growth in the medical marijuana sector. I recently shared my view of MJNA as a "Hold", suggesting a fair-value range of $0.10-.15. Today, I want to highlight some new offerings but also discuss a potential schism with its partner, Dixie Elixirs, which jointly owns Red Dice Holdings.
MJNA has beefed up its go-to-market efforts by establishing HempMedsPX, which is responsible not only for sales of its products to individuals but also into wellness centers. The company officially announced the change just 45 days ago, but the strategy was conceived earlier this year and included bringing in internet marketing veteran Charles Vest, Director of Communications, who has been increasing the outreach and awareness for the company's CBD-based products while also improving its sales capabilities as well as its communication. MJNA just relocated into larger headquarters to accommodate its increased sales staff. The jury is still out, but, in my opinion, this is a big step in the right direction.
HempMedsPX recently secured non-exclusive distribution rights for all of the products of CannaVest (CANV) through 2016, with exclusive online distribution rights as well. CANV was spun out of MJNA earlier this year and is a manufacturer of CBD-based products under license from MJNA, and MJNA has a substantial investment in CANV. The economics to MJNA aren't clear, as the compensation to HempMedsPX hasn't been disclosed.
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