November 28, 2016 - By Marie Mckinney
Medical Marijuana Inc (OTCMKTS:MJNA) recorded a gain of $0.024 per share, during the November 23 trading session, after having recorded an intra-week low of 0.085 per share, during the preceding trading session. Moreover, the stock continued to improve its share value, on November 25, surging by 5.19%, over a trade volume of 12 million. The stock had been declining from a share value of $0.125, since November 18, 2016. The decline has been quite surprising, given that MJNA has been quite regular with its updates and has a promising future.
On November 24, the company provided an update to its shareholders, through its official blog. Medical Marijuana stated that this was a year of growth and opportunity for the company and the industry as well. MJNA pointed out that the total number of states with a marijuana legislation has crossed 25, during the current year. In addition to this, cannabis access has expanded worldwide, with MJNA’s RSHO-X being approved as a prescription drug, legal for import in Mexico and Paraguay. The company also pointed out that it has been actively working to spread its message and awareness about CBD, across the country. As such, teams from MJNA have been traveling across the world, educating different populations about the possible benefits of CBD.
In the announcement, MJNA also thanked its employees for helping the company grow to its full potential. The company also noted that it continues to add more employees, as it continues to grow. However, Medical Marijuana particularly seeks out people who are passionate about the marijuana business and want to share it with others, specially with the people who need it most.
MJNA also highlighted the stories of several families and how they benefited from the use of CBD. This included: “Located outside Dallas, Texas, the Howard family have long been vocal supporters of Medical Marijuana, Inc. and CBD hemp oil from the start. Founders of the Hope4Harper foundation, the Howard family has labored to raise the funds needed to advance medical research across the U.S. in places like Boston and San Diego to unlock the potential of CBD. Penny Howard, Harper’s mother, regularly speaks at industry and healthcare events to share her experiences and spread awareness for the possibilities CBD can create.” Added to this, “the Fischer family, located almost 5,000 miles away in Brazil, fought for the right to import our CBD hemp oil into their country for their own daughter, Anny. Taking their case to the Brazilian courts, after just three days it was ruled “inhumane” to keep CBD from Anny.
Medical Marijuana is one of the largest companies in the CBD space, geared towards adding value-added companies and products to its portfolio. Moreover, the company focuses on educating consumers about adding CBD to their diet, which would help boost its market share and consequently its share value. Added to this, the company has significant presence in Latin America and other international markets, where RSHO-X is the only approved CBD product.
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