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| What a Wild ride in MJNA this Week |
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 MJNA Week in Review |
Company: Medical Marijuana Inc. (Pink Sheets: MJNA)
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End of Day:
Price: 0.1275
Change (%): + 0.0125 (10.87)
Volume: 25,859,814 |
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Medical Marijuana Inc. Portfolio Company CanChew BioTechnologies Inc. Announces Final Day for Market Survey and Free Product Trial Registration
SAN DIEGO, Nov. 15, 2012 /PRNewswire/ - CanChew BioTechnologies Inc, a portfolio company of Medical Marijuana Inc. (OTC: MJNA), announces that this is the final day to register for the market trial of CanChew gum. Qualifying participants will receive a minimum of a 30-day free trial sample of the CBD-based CanChew gum in exchange for their product feedback. The only cost involved will be a nominal shipping charge of $4.95 for delivery of the product.
While the company has been researching distribution partnerships for over-the-counter sales of the CanChew gum product, preparations for clinical trials have been underway in Europe and are slated to begin during 2013. U.S. clinical trials should begin shortly thereafter. Successful trials and new drug application may eventually lead to a European and/or U.S. pharmaceutical product with substantiated medical claims. Over the counter sales of CanChew gum are expected to begin in the first quarter of 2013.
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Medical Marijuana Inc. Reports Third Quarter 2012 Revenue and Income Quarter Over Quarter Increase Of Over 1500 Percent From Same Period Last Year
SAN DIEGO, Nov. 15, 2012 /PRNewswire/ - Medical Marijuana, Inc. (OTC: MJNA), a leading cannabis and hemp industry innovator, today announced its third quarter earnings. The company earned net income of approximately 1.19 million dollars on gross revenues of $3.00 million for the quarter ended Sept 30, 2012. This represents a gross revenue increase of 1500 plus percent quarter-over-quarter when compared to revenue of $198,813 for the quarter ended Sept 30, 2011.
"We are very pleased with our overall quarterly results. It's a testament to the team's hard work, diligence and preparation," said Michelle Sides, Chairman of Medical Marijuana Inc.
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Medical Marijuana, Inc. Sees Vertical and Horizontal Growth with PhytoSPHERE Subsidiary
The integration and expansion of PhytoSPHERE's state-of-the-art growing and extraction technologies give Medical Marijuana, Inc. (MJNA) the edge in production of today's and tomorrow's premium hemp oil-based products.
SAN DIEGO, Nov. 13, 2012 /PRNewswire/ - Medical Marijuana, Inc. (OTC: MJNA) has announced the integration and expansion of its PhytoSPHERE subsidiary. This move gives the nation's premier hemp nutraceutical firm full management oversight of its manufacturing and quality assurance processes for all of its existing and emerging products.
"MJNA's strategy is really good news for the company, industry, and consumers," said John Malanca, owner of patient-oriented medical marijuana resource UnitedPatientsGroup.com. "The increased control will accelerate development time and help innovative products reach the market more quickly than in the past."
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How to invest in legalized marijuana
Mark Twain is said to have remarked that a gold rush is a good time to be in the pick and shovel business. Investors may be able to apply that same bit of wisdom to the growing number of U.S. states that have legalized pot.
Nov. 13, 2012/MarketWatch/ - Although federal law prohibits the sale or possession of marijuana, Massachusetts last week joined the ranks of states - 18 plus Washington, D.C. - that allow its use for people suffering from chronic illnesses like cancer, HIV/AIDS, multiple sclerosis and epilepsy. In Washington and Colorado, meanwhile, voters passed an initiative to allow pot for recreational use.
Those changes have kickstarted a small but fast-growing medical-marijuana industry, estimated to be worth about $1.7 billion as of 2011, according to See Change Strategy, an independent financial-analysis firm that specializes in new markets. In Colorado alone, sales topped $181 million in 2010, and the business employed 4,200 state-licensed workers, says Aaron Smith, executive director of the National Cannabis Industry Association , a nonprofit trade group that campaigns for marijuana's federal legalization.
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Market Hub: Reefer Madness, or Investment Opportunity?
November 13, 2012/ WSJ/ - Several states made recreational use of marijuana last week. There are several small-cap stocks that stand to gain from marijuana's growing acceptance. Quentin Fottrell reports on Markets Hub.
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