Seems like these results are gaining momentum and publicity. Only a matter of time. Sooner the better.
Photo Release -- #$%$, Inc. Signs Definitive Agreement to Acquire Kannaway, LLC
$119.6-242.7 Million Valuation by Houlihan Capital, a Firm That Performed Similar Valuations for U.S. Airways, Inc. and Redbox
4 hours ago
SAN DIEGO, Jan. 22, 2015 (GLOBE NEWSWIRE) -- #$%$, Inc. (OTC Pink:MJNA), a leading industrial hemp industry innovator, is proud to announce that it has signed a definitive agreement to acquire 100% membership interest of Kannaway, LLC. The amount of the sale is undisclosed. The valuation of Kannaway is in the range of $119.6-242.7 million USD. The agreement is expected to take at least 90 days to close and will effectively make the cannabis-based network marketing company a wholly owned subsidiary of the first-ever publicly traded cannabis company. mjna
Same doctor, a little more info. It sounds like GW is letting any child, with severe Epilepsy, have access to Epidiolex. What? “If you can drive here, fly here, come here,” Lyons said.
Why is GWPH trading for $77 per ADR? Maybe I'm wearing rose colored glasses?
Freedom of speech trumps non disclosure agreements I guess. I read comments today from a mother in Augusta, Georgia. She has a 7 year old son with Lennox Gastaut syndrome who was recently enrolled in the Epidiolex trial. Early improvements in cognition though he isn't taking the full dosage yet. The child could not respond to parents before, but a week into Epidiolex use he is communicating more (vocalizing, smiling). This should be interesting. It will be difficult to keep all these parents quiet.
GWPH has no movement. As American players come into town, and further legalization efforts take place, America will no longer look to import Sativex from Canada.
Better, more fruitful buys imo would be:
LATF (only mmj edibles stock)
VAPE (recreational and medical solutions)
RFMK (medicinal oil vaporizers)
CANV (highest cbd oil % product)
Sentiment: Strong Sell
They have legal problems. They were pushing their drug Subsys (highly addictive and powerful) for toothaches and to so-called pain clinics for junkies. Paying crooked doctors to promote the drug. In other words, they seem to be morally challenged. That is why the stock is not moving much - uncertainty regarding a federal investigation.