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Medical Marijuana, Inc. Message Board

  • chef6463 chef6463 Mar 16, 2013 8:39 AM Flag

    Got Financial Statements ?

    I want to get on board. This market has the greatest potential of any sector out there. MJNA seems to be the way to go. Here's my problem No financial statements. All I see is forward looking statements from MJNA and postings from someone named Sully every 1/2 hour on this board. A balance sheet and income statement with an unqualified opinion from a CPA Audit firm would set everyone straight. Does anyone know when this will happen? or why it hasn't been done yet?

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    • The 4th quarter was audited, and the other last 7 quarters are being audited as we speak for the last 2 years. This is a requirement for uplisting from the pinkies. Check out the OVERGROW the RADIO podcast on youtube from 2-15-2013. The date may be off by a day or 2, sorry, i just waked and baked, lol. Start listening at about 15 mins into the podcast. Both tripp and kristy are in the studio responding to the SA articles and giving guidence for the future. Enjoy!

    • ignored, bye

      Sentiment: Strong Buy

    • SAN DIEGO, Feb. 8, 2013 /PRNewswire/ -- #$%$, Inc. (MJNA), a leading #$%$ and hemp industry innovator, today announced the release of its audited fourth quarter financial statements. The Company earned net income of approximately $3.2 million on record gross revenues of $5.2 million for the quarter ended December 31, 2012. This represents a gross revenue increase of over 1100 percent quarter-over-quarter when compared to revenue of $430,140 for the quarter ended December 31, 2011. Additionally, confirming the strong growth of the Company's core business, revenue increased approximately $2.2 million and net income rose by over $2.0 million when compared to the most recent third quarter 2012. Revenues for 2012 totaled $12.38 million and net income was $7.1 million.

      As previously announced, the Company retained the accounting firm of Anthony W. Imbimbo & Associates to perform the audit of its financial accounting records. Imbimbo & Associates focused initially on auditing the fourth quarter results to meet the filing deadline of February 15, 2013. With that completed, the firm will turn its attention to auditing each prior quarter to obtain a full 24 months of audited financial statements.

      In addition to the Operational Highlights previously announced on January 22, 2012, the Company has realized a variety of significant milestones which are described in the audit report, as well as detailed below:
      •Sold its high concentrate Hemp CBD oil for approximately $35 million, receiving its first installment payment of $4,500,000. The Company will continue to receive installment payments though-out 2013.
      •Canipa Holdings, the 80% owned European subsidiary received approval to sell hemp oil and hemp based medicinal products in Romania (Not for sale in the US).
      •The Company received an opinion letter from counsel stating that it is legal to import, export and sell hemp products in the United States while using the word "cannabidiol" in its name, labeling

    • Got stiff #$%$.For ur wife tight twaaaatttr

    • Don't feed the trolls

 
MJNA.PK
0.172+0.008(+5.07%)Oct 31 3:59 PMEDT

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