{"id":6906,"date":"2015-09-18T13:11:52","date_gmt":"2015-09-18T13:11:52","guid":{"rendered":"\/?p=6906"},"modified":"2015-09-18T13:39:26","modified_gmt":"2015-09-18T13:39:26","slug":"medical-marijuana-inc-otcmktsmjna-grates-to-a-new-52-week-low","status":"publish","type":"post","link":"\/articles\/medical-marijuana-inc-otcmktsmjna-grates-to-a-new-52-week-low\/","title":{"rendered":"Medical Marijuana Inc (OTCMKTS:MJNA) Grates to a New 52-Week Low"},"content":{"rendered":"\n

In yesterday’s session the share price of Medical Marijuana Inc (OTCMKTS:MJNA<\/a>) abseiled down the charts once more, closing 5% in the red and stopping at its new lowest close for the past 52 weeks. Over 6.8 million MJNA<\/a> shares changed hands over the course of the session.<\/p>\n

The company sank under four cents per share on Sep 9 and has so far been unable to clamber back to this level, which many thought was where rock-solid support had formed. MJNA<\/a> put up two new press releases following that date, one related to a visual rebranding of its Real Scientific Hemp Oil product, the other – to the unveiling of Dixie Stix CBD oil. Despite the upbeat, wordy announcements, the market remained rather cool to the news.<\/p>\n

MJNA<\/a> published its latest quarterly report only recently, with the filing going up on Sep 1. The market was equally unimpressed with the figures contained in it, it seems, if MJNA<\/a>‘s chart movement and gentle descent to newer annual lows is any indication. Here is what the quarterly’s balance sheet contained:<\/p>\n