Medical Marijuana stock climbs 36 percent

[poledriver]

Medical Marijuana stock climbs 36 percent

Shares in Medical Marijuana, Inc. (PINK:MJNA) closed up 36.16 percent in Friday stock trading.

These are high times for Medical Marijuana investors, who have seen the value of their shares go up more than 1,000 percent over the past 12 months.

At Friday’s closing, the company’s market value had climbed to $736 million.

"The company earned net income of approximately $3.39 million on gross revenues of $5.1 million for the quarter ended Dec. 31, 2012," the company reported in January. "This represents a gross revenue increase of over $2 million compared to the prior quarter ended Sept 30, 2012. When compared to the same quarter ended Dec. 31, 2011 this represents revenue increase of $4.5 million and over 1,100 percent."

The San Diego-based company says it is “vested in the medical marijuana and industrial hemp markets. The company is comprised of a diversified portfolio of products, services, technology and businesses solely focused on the cannabis and hemp industries."

"Cannabis has over 55,000 known uses from medicinal to industrial applications such as concrete, building materials, textiles, animal feed, fuel as well as a food which millions of people a day enjoy," according to the company. "What both of these species have in common is that they are grossly underutilized and misunderstood."

http://www.examiner.com/article/medical-marijuana-stock-climbs-36-percent

 

[zekethemusicman]

I think im gonna buy some MMJ stock. Anyone know of a good place to start? I do not and have not owned any stock of any kind so i figure my entrance into the stock market should include my favorite commodity.


Ill bet by this time next year the total will be over 1 billion dollars. This is the first major industry to come into the public in the past few years. The only other areas i can think of that would gain value like this were the tech boom and some genetics companies. Marijuana and Hemp will be a good area to invest in the next five years.

 

[Sp33dy]

We have a Charles Schwab account that was given to my wife as a trust fund when she turned 25 a few months ago. Needless to say the $2200 that was in there was used to buy 20,000 shares of MJNA at .11 in December...well it hit .35 yesterday, crashed to .25, and then settled at .305. So yeah it was definitely a smart investment choice and I give my wife the credit for making the decision. I've become addicted to playing this penny stock over the past month. We also took $400 and invested it into PHOT at the same time and bought 12000 shares for .038. Well PHOT just hit .07 yesterday and we damnly doubled the $400. I encourage everyone to jump on this crazy bandwagon! I just wish we had more money to invest :/ We are using Charles Schwab because it was given to her and coincidentally it's one of the best brokers for trading penny stocks. Flatrate $8.95 commission per trade and no penny stock penalties until you trade over 999,999 shares at a time.