Last $0.11 USD
Change Today +0.001 / 0.91%
Volume 1.8M
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As of 8:10 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

medical marijuana inc (MJNA) Snapshot

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03/12/14 - $0.35
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medical marijuana inc (MJNA) Details

Medical Marijuana, Inc. operates in the medical marijuana and industrial hemp markets. Its products range from patented and proprietary based cannabinoid products to seed and stalk or isolated high value extracts manufactured and formulated for the pharmaceutical, nutraceutical, and cosmeceutical industries. The company develops cannabinoid-based health and wellness products, and medical grade cannabinoid compounds; and licenses its proprietary testing, genetics, labeling and packaging, tracking, production, and standardization methods for the medicinal cannabinoid industry, as well as offers pre-and-post production tracking, gemplasm references, and packaging and processing services. Its products include Real Scientific Hemp Oil, Cibaderm, Cibdex, and Dixie Botanicals. The company also engages in the management, capitalization, and development of health and wellness facilities, medical clinics, and cooperatives. In addition, it offers cannabidiol based products to consumers; chewing gum-based cannabis/cannabinoid medical products for the treatment of pain and other medical disorders; and cannabidiol hemp oil. Medical Marijuana, Inc. was incorporated in 2003 and is headquartered in San Diego, California.

46 Employees
Last Reported Date: 11/13/14
Founded in 2003

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medical marijuana inc (MJNA) Key Developments

Medical Marijuana, Inc. Reports Revenue Results for the Second Quarter of 2014

Medical Marijuana, Inc. reported revenue results for the second quarter of 2014. For the period, the company reported product sales revenues of $4,821,741 compared to $4,017,774 for the prior quarter.

Medical Marijuana Inc. Announces its Newest Subsidiary, aNew Chocolate, LLC

Medical Marijuana Inc. announced its newest subsidiary, aNew Chocolate, LLC, that manufactures the world's first cannabidiol (CBD)-rich hemp oil-infused chocolate bars. The first aNew Chocolate product will be unveiled at the High Times U.S. Cannabis Cup in Denver, Colorado April 19-20 at the Denver Merchandise Mart located at 451 East 58th Ave. Denver, CO 80216.

Medical Marijuana Inc. and LiveWire Ergogenics Inc. Launch HempWire, LLC

Medical Marijuana, Inc. completed the joint venture with Livewire Ergogenics, Inc. under the name of HempWire, LLC ("HempWire"). The joint venture agreement stipulates that Medical Marijuana Inc. and LiveWire Ergogenics ("LiveWire") will equally split the net profits (50/50) from all cannabidiol (CBD)-rich hemp oil functional food sales distributed through HempWire. Product development will be implemented by HempMedsPX(TM), a corporate portfolio company of Medical Marijuana, Inc. and the contracted marketing company that distributes non-psychoactive cannabidiol (CBD)-rich hemp oil products nationwide. LiveWire will purchase CBD-rich hemp oil from HempMedsPX(TM), then manufacture and package CBD-rich hemp oil-infused functional energy squares--a popular functional food format with a taffy-like consistency. HempWire will distribute these--and other new products to come--through both LiveWire's and Medical Marijuana Inc.'s network of retailers, resellers, wholesalers and distributors.


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MJNA Competitors

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Valuation MJNA Industry Range
Price/Earnings 22.0x
Price/Sales 7.4x
Price/Book 2.1x
Price/Cash Flow 21.8x
TEV/Sales 4.4x

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