Just read it. Mostly all their money is coming from HempMeds PX right now, that is what QoQ doubled in sales.
Now they have also settled with Dixie to fully own Red Dice Holdings, but we do not know what that cost yet. Both parties paid out capital in the deal.
Follow the links in there to get to the Harvard study in 2007 that MJ cut lung cancer tumor growth by 50% in mice. How about that schedule 1 narcotic with no medicinal value?
Like you read my mind. Look at Q1 numbers. If they maintain both marketing expenditures at current levels and grow at the same amazing 100x Qoq, that's at least $2M cash in the bank, ramping to $10M/qtr in a real hurry.
Every time it shows weakness, shorts start piling on today's run up, but they keep getting caught... the buyer is still buying. It could be Mr. Icahn, it could be Mickey Mouse for all I care. Have at it!
I'm thinking you didn't catch Marijuana Miracle Cure: Journey to Health on Sunday. 16 million people did. I liked the part where they kept saying products provided by companies held by MJNA and the interviews with the Cannavest scientist.
I like the other part that earnings is coming.
Great show, nice anecdotal support for CBD though at times felt like a lengthy infomercial for MJNA. Would like to see more focus on overall fundamental understanding of endocanabidiol system as opposed to just possible cancer treatment.
A 100% jump again in the Q2 is very good for the balance sheet indeed. With such a high GP, doubling revs again should be at least another $2M cash in the bank.
We need to learn what was the cost of settling Red Hat.
Since MJNA is selling RSHO and sales from the HempMeds unit doubled in the Q1, shouldn't we expect similar performance in the Q2?