MJNA (Medical Marijuana Inc.) is in an Incredibly Hot Sector!!
MJNA is in the Medical Marijuana business if you couldn’t already tell by their name. MJNA is striving to be the premier cannabis and hemp industry innovators. MJNA also wants to utilize their team of professionals to source, evaluate and purchase value-added companies and products, while allowing them to keep their integrity and entrepreneurial spirit. MJNA strives to create awareness within our industry, develop environmentally friendly, economically sustainable businesses, while increasing shareholder value. For more information, please visit the Company’s website at: www.MedicalMarijuanaInc.com.
Now I know almost half of the country is still not fully sold on companies like MJNA or the entire industry as a whole, but from a business standpoint take this into consideration. MJNA and companies like it are in a very unique space currently. Medical Marijuana supports entire economies in our country, and I am not talking about small ones either. North of San Francisco in California for instance would not be able to survive without Medical Marijuana, because it is said to support upwards of 80% of the local economy. Now that is like living in a coal mining town, and coal not being given it’s fair shake. MJNA is in an industry that could make the company and it’s shareholders very wealthy in the coming years, as Medical Marijuana continues to expand to new markets every year.
Now let’s take a quick look at MJNA’s chart. Click the chart to get a closer look.
The share price, and volume of MJNA is down considerably from late summer, and early fall numbers. But that could be a good thing for investors, or traders that are still on the sideline or shareholders that are considering increasing their positions. The stock has pulled back considerably from 25 cents in August to under 10 cents currently. A ride back up to the late summer high would net a great gains from current Price per share levels. Something else that strikes me about MJNA from a level 2 standpoint is that MJNA does not have every market maker on the ask and buy side. This leads me to believe even though the company has a large amount of outstanding shares at nearly a billion the company is still relatively tightly held by insiders that are not interested in selling their stock for the cheap.
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