{"id":1282,"date":"2013-04-22T15:11:10","date_gmt":"2013-04-22T15:11:10","guid":{"rendered":"\/?p=1282"},"modified":"2013-04-22T15:12:19","modified_gmt":"2013-04-22T15:12:19","slug":"medical-marijuana-inc-pinkmjna-closes-420-week-almost-flat","status":"publish","type":"post","link":"\/articles\/medical-marijuana-inc-pinkmjna-closes-420-week-almost-flat\/","title":{"rendered":"Medical Marijuana, Inc. (PINK:MJNA) Closes 420 Week Almost Flat"},"content":{"rendered":"

\"58MJNA_chart.png\"April , or 420 as cannabis lovers would rather call it, came and went. Many investors hoped this week would see tremendous news released by Medical Marijuana, Inc. (PINK:MJNA<\/a>) and the price would soar. Instead, MJNA<\/a> closed Friday almost 2 cents below its Monday open. <\/p>\n

The PR was mostly there, with an announcement of MJNA<\/a> co-sponsoring a Snoop Lion, f.k.a. Snoop Dogg event in Colorado over the weekend – about as flashy a news release as traders could hope for. This was followed by the announcement of a new product line by Dixie Elixirs and Edibles – the brand new Dixie X Synergy, containing a mix of THC and CBD.<\/p>\n

On Thursday came the announcement some people have been predicting for some time – Dixie announced their new vape pen, made especially to vaporize CBD hemp oil. The news release also informed that a Dixie mobile application is set to hit the iTunes store on May 1, allowing customers to buy Dixie’s product line and receive company updated on the go.<\/p>\n

This whirlwind of positive press however had very little effect on stock price. MJNA<\/a> wobbled up and down in single-digit percentages through the week, neither sinking, nor soaring. Traders who predicted heavy price action and a new climb, induced by MJNA<\/a> dropping huge news around 420, had their wings clipped as the stock idled.<\/p>\n

\"922MJNA_logo.gif\"The most curious thing about the company’s stock price may be that about three months ago it ran wild on MJNA<\/a>‘s reports of record Q4 numbers but failed to do so on preliminary news for the first quarter of 2013 that sounded just as optimistic. Last week’s announcements were also relatively big, compared to PR that made the stock climb in the past.<\/p>\n

Traders are probably eagerly looking forward to MJNA<\/a>‘s new quarterly for Q1 of the current year, which may be the next price movement catalyst.<\/p>\n","protected":false},"excerpt":{"rendered":"

April , or 420 as cannabis lovers would rather call it, came and went. Many investors hoped this week would see tremendous news released by Medical Marijuana, Inc. (PINK:MJNA) and the price would soar....<\/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-1282","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\/1282","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=1282"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/1282\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=1282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=1282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=1282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}