{"id":1206,"date":"2013-04-12T15:11:25","date_gmt":"2013-04-12T15:11:25","guid":{"rendered":"\/?p=1206"},"modified":"2013-04-12T15:15:18","modified_gmt":"2013-04-12T15:15:18","slug":"medical-marijuana-inc-pinkmjna-announces-q1-results-ahead-of-filing","status":"publish","type":"post","link":"\/articles\/medical-marijuana-inc-pinkmjna-announces-q1-results-ahead-of-filing\/","title":{"rendered":"Medical Marijuana, Inc. (PINK:MJNA) Announces Q1 Results Ahead of Filing"},"content":{"rendered":"<p> <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/03MJNA_chart.png\" border=\"0\" alt=\"03MJNA_chart.png\" title=\"03MJNA_chart.png\" width=\"450\" height=\"201\" \/>Yesterday Medical Marijuana, Inc. (PINK:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MJNA\">MJNA<\/a>) climbed 15%, adding over 3 cents to its share price. The surge was fueled by the release of Q1 figures ahead of the official company report. <\/p>\n<p><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MJNA\">MJNA<\/a> came up with a press release, pre-announcing some impressive figures the company claims to have logged in the first quarter of the current year. Here is a brief rundown of the number crunch:<\/p>\n<ul>\n<li>Q1 revenue of $8.4 million<\/li>\n<li>revenue up $3.3 million quarter over quarter, and up $6.6 million year over year<\/li>\n<li>Q1 net income of $5.5 million<\/li>\n<\/ul>\n<p>Those impressive numbers, considering the current pink sheet status of the company, were padded with a lengthy list of operational and developmental highlights, closely matching the previous large press update by <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MJNA\">MJNA<\/a>, which we partly covered in another article.<\/p>\n<p>The release contains additional information, telling investors that <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MJNA\">MJNA<\/a> and its auditor are still working on the announced uplisting plans, with the 24-month audited report history to be available around the end of Q2 this year, so it appears the gears are turning, the company inching towards the uplisting goal. Additionally, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MJNA\">MJNA<\/a> informs that it has submitted the requested paperwork for the lifting of the DTC &#8216;chill&#8217; and will be sending additionally requested items this month.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: left;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/13MJNA_logo.gif\" border=\"0\" alt=\"13MJNA_logo.gif\" title=\"13MJNA_logo.gif\" width=\"60\" height=\"60\" \/>While it appears that everything is going smoothly for <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MJNA\">MJNA<\/a> so far this year, their full quarterly report would make for some interesting reading once it arrives.<\/p>\n<p>The market did not exactly explode reacting to the news release, traders possibly waiting for an official filing before they make a move. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MJNA\">MJNA<\/a> opened green today, currently 2% up in early trading, on volume approaching 1 million shares.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yesterday Medical Marijuana, Inc. (PINK:MJNA) climbed 15%, adding over 3 cents to its share price. The surge was fueled by the release of Q1 figures ahead of the official company report. MJNA came up&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[8],"class_list":["post-1206","post","type-post","status-publish","format-standard","hentry","category-news","tag-mjna"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/1206","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=1206"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/1206\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=1206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=1206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=1206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}