{"id":3350,"date":"2013-12-05T15:13:57","date_gmt":"2013-12-05T15:13:57","guid":{"rendered":"\/?p=3350"},"modified":"2013-12-05T15:19:34","modified_gmt":"2013-12-05T15:19:34","slug":"medical-marijuana-inc-otcmktsmjna-flatlines-at-ten-cents","status":"publish","type":"post","link":"\/articles\/medical-marijuana-inc-otcmktsmjna-flatlines-at-ten-cents\/","title":{"rendered":"Medical Marijuana, Inc. (OTCMKTS:MJNA) Flatlines at Ten Cents"},"content":{"rendered":"<p> <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/27MJNA_chart.png\" border=\"0\" alt=\"27MJNA_chart.png\" title=\"27MJNA_chart.png\" width=\"450\" height=\"201\" \/>After a one-day excursion below the $0.10 dividing line, Medical Marijuana, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MJNA\">MJNA<\/a>) managed to bounce back last Thursday, closing a quarter up. This week the ticker lost a cent and spent yesterday&#8217;s session virtually flat despite moving over 5 million shares. <\/p>\n<p>The company published a Q3 supplemental info update on the same day it recovered. The highlights of the report did not contain a lot that was not present in the Q3 report filing, and the filing itself did not manage to inspire new confidence in traders, but instead deepened the mid-November drop that saw <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MJNA\">MJNA<\/a> slip from $0.14 to under ten cents per share.<\/p>\n<p>This Tuesday the company posted a new piece of PR, informing that HempMedsPX, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MJNA\">MJNA<\/a>&#8216;s ubiquitous &#8216;exclusive master distributor&#8217;, marketer and portfolio company, represented PhytoSphere&#8217;s CBD Simple product &#8211; a high concentration hemp oil, at a cannabis expo in Amsterdam and accepted the Cannabis Cup award for the product with highest CBD concentration.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: left;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/59MJNA_logo.gif\" border=\"0\" alt=\"59MJNA_logo.gif\" title=\"59MJNA_logo.gif\" width=\"60\" height=\"60\" \/>By now this sort of announcement is starting to feel a lot like deja-vu, as similar news releases have pelted traders for the better part of the previous quarter. The bottom line of all this activity however was <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MJNA\">MJNA<\/a>&#8216;s uninspiring quarterly report. The expectations of a stellar revenue run over the third quarter were cut short by the sobering reality of negative net ordinary income and the bottom line of $7.9 million in net income inflated by the $10 million CannaVest installment for PhytoSphere assets, once again executed primarily in shares, with just $200 thousand in cash.<\/p>\n<p>The future of <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MJNA\">MJNA<\/a> is still uncertain, with the price wobbling around the $0.10 line. Luckily for longs, the ticker recovered quickly after dropping below it but it doesn&#8217;t seem eager to take off either.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After a one-day excursion below the $0.10 dividing line, Medical Marijuana, Inc. (OTCMKTS:MJNA) managed to bounce back last Thursday, closing a quarter up. This week the ticker lost a cent and spent yesterday&#8217;s session&#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-3350","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\/3350","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=3350"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3350\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=3350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=3350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=3350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}