Medical Marijuana (MJNA)
YTD Gain for MJNA: 112%
Medical Marijuana (MJNA) — the owner of a handful of related cannabis companies including CanChew (cannabis gum) and PhytoSphere Systems (cannabinoid supplier) — might not be the biggest name among marijuana stocks, but it’s still playing the of poster child for the industry.
Indeed, its HempMedsPX subsidiary has been a publicity machine of late, sponsoring a couple of key industry associations, being featured on a San Diego news program, and unveiling a new CBD-rich hemp oil at the Natural Products Expo last weekend.
Moreover, it wasn’t that long ago that Medical Marijuana launched the industry’s first armored transportation service, and inked a deal with a home-based business organization that is allegedly going to yield an order for more than $1 million worth of hemp oil product.
Point being, MJNA has talked the talk of late. Let’s now just hope it can walk the walk. It’s going to take a lot more than $1 million worth of hemp oil sales to justify the market cap of $310 million.