{"id":6217,"date":"2015-07-10T14:12:43","date_gmt":"2015-07-10T14:12:43","guid":{"rendered":"\/?p=6217"},"modified":"2015-07-10T14:39:32","modified_gmt":"2015-07-10T14:39:32","slug":"medical-marijuana-inc-otcmktsmjna-approaches-52-week-low-ahead-of-report","status":"publish","type":"post","link":"\/articles\/medical-marijuana-inc-otcmktsmjna-approaches-52-week-low-ahead-of-report\/","title":{"rendered":"Medical Marijuana, Inc. (OTCMKTS:MJNA) Approaches 52-Week Low Ahead of Report"},"content":{"rendered":"\n<p><img decoding=\"async\" style=\"float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/90\/90689\/mjna_chart.png\" border=\"0\" width=\"450\" \/>Following another red session, after yesterday&#8217;s closing bell the share price of Medical Marijuana, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MJNA\">MJNA<\/a>) stopped at $0.062. The company&#8217;s stock logged its lowest close for the last 52 weeks on May 11, when <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MJNA\">MJNA<\/a> closed just a tenth of a cent lower.<\/p>\n<p>Even though the company put up a very upbeat video piece just last week, showcasing its &ldquo;vision&rdquo; for a revolution in the hemp industry, the market&#8217;s reaction was far less upbeat. The stock&#8217;s performance in 2015 so far has been pretty disappointing. After attempting to repeat the early 2014&#8217;s hype spike and failing, the ticker drifted sideways for a while, then went for a proper nose dive in spring, with the top-level shuffle that took place having no real positive effect on price performance.<\/p>\n<p>The company&#8217;s latest available report is a quarterly for the three months ended March 31, 2015. Here is the brief summary of numbers reported:<\/p>\n<ul style=\"list-style-type: disc;\">\n<li>$634 thousand in checkings\/savings<\/li>\n<li>$3.8 million in current liabilities<\/li>\n<li>$3.5 million in quarterly income<\/li>\n<li>$879 thousand in quarterly net loss<\/li>\n<\/ul>\n<p>The income figure for Q1, confusingly called that when it was called &#8220;sales&#8221; in Q1 of 2014, is actually down year over year. The $1 million in legal and professional fees incurred led to the significant quarterly net loss. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MJNA\">MJNA<\/a> is still involved in a number of legal proceedings and it&#8217;s difficult to tell whether legal expenses next quarter will be equal or more than those in Q1.<\/p>\n<p>The next quarterly report for the period ended June 30 is due within a week. Given that <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MJNA\">MJNA<\/a> was late with both its previous reports, shareholders will probably not hold their breath for a timely release of this one as well.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following another red session, after yesterday&#8217;s closing bell the share price of Medical Marijuana, Inc. (OTCMKTS:MJNA) stopped at $0.062. The company&#8217;s stock logged its lowest close for the last 52 weeks on May 11,&#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-6217","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\/6217","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=6217"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/6217\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=6217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=6217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=6217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}