Medical Marijuana, Inc. (OTCMKTS:MJNA, MJNA message board) is, as the name suggests, one of the companies that aim to capitalize on cannabis legalization. That has not changed, of course - but they appear to have switched gears, if recent press releases can be proper testament. This came after the crash that befell the marijuana sector in the last few weeks.
We remind you that about a month ago the industry became somewhat stale, reacting slower than usual to news or generally unfavorably. The probable... more
Last Thursday, Medical Marijuana, Inc. (OTCMKTS:MJNA, MJNA message board) were caught up in the massive depression of marijuana stocks, plunging hard with more than eleven percent on the stock charts – their worst fall since the back in February. This was a panic reaction from investors, following the shock suspension of Growlife, Inc. (OTCMKTS:PHOT), but things weren't over in a day or two.
If MJNA's yesterday session is any indication, the public seems poised to view negatively any news... more
After a massive drop on April 7, which was the fifth straight day in the red for Minerco Resources Inc. (OTCMKTS:MINE), the company seemed to be in for a recovery. In the next two days, after three 8-K announcements, they moved back up to $0.020 per share from $0.017. This was a decent enough improvement, considering MINE's weak financial standing:
$40,000 total current assets
$2,800,000 total liabilities
$5,000 quarterly sales for the period ended Jan 31, 2014
Tranzbyte Corp. (OTCMKTS:ERBB) just managed to escape one of its red streaks, and with an impressive jump at that. Nothing could've predicted just how much they would recover - despite the previous day's session proving to be a harbinger. Then, ERBB's stock fell hard as staggeringly low as $0.03 at one point, before going up to close the day at $0.06 (a slight decline of 4.7%).
Yesterday they recouped 21%, finishing at $0.07. They moved a total dollar volume of 6.83 million, which was their first... more