38.3 F
New York
Monday, January 18, 2021

Medical Marijuana Inc (OTCMKTS:MJNA) HempMeds Mexico News Continues to Resonate

Must read

Why Is Everyone Talking About Alpine 4 Technologies Ltd (OTCMKTS:ALPP) Stock?

Investors who are looking for fast-moving stocks have had have made options in recent days. One stock that certainly stands out is...

Nano One Materials Corp (OTCMKTS:NNOMF) Signs Cathode Evaluation Agreement: Stock Reacts

Over the past week, there have been many stocks that have managed to generate significant gains and one of those is Nano...

Grayscale Bitcoin Trust (OTCMKTS:GBTC) Extends Rally As Bitcoin Jumps

One of the bigger stories of the year so far has been the massive gains made by Bitcoin. This week BTC hit...

Plyzer Technologies Inc (OTCMKTS:PLYZ) Gains Momentum on High Volume: Now What?

One of the more notable gainers this week on the OTC is Plyzer Technologies Inc (OTCMKTS:PLYZ). The stock was in focus among...

Medical Marijuana Inc (OTCMKTS:MJNA) is a name many are familiar with, MJNA was one of the first publicly traded cannabis company in the United States. They recently announced that its subsidiary, HempMeds® Mexico and its cannabidiol (CBD) oil product Real Scientific Hemp Oil-X™ (RSHO-X™), garnered national news headlines across Mexico. This comes on the heals of news of the Mexican Congress passing legislation April 28 to legalize the use of marijuana and cannabis for medical and scientific needs in Mexico.

This is good news for MJNA, as shares are in the middle of the trading range between post election and today.

A look at the Medical Marijuana Inc (OTCMKTS:MJNA) chart below shows the spike and then 50% pullback most are experiencing in this sector as we head to federal legalization.

An article from Mexico newspaper pointed to news articles from major national Mexico outlets discussing how the therapeutic decriminalization of marijuana in Mexico will enable HempMeds® to reach more patients suffering from debilitating medical conditions. This is a theme across all cannabis companies who are public, and it is important for these companies to differentiate themselves as the industry matures.

“We are extremely pleased that the therapeutic benefits of RSHO-X™, including the mention of a recent study by renowned Mexican physician Dr. Saul Garza Morales that found RSHO-X™ to be effective in treating 39 children, have been highlighted in numerous articles discussing the recent cannabis reform in Mexico,” said Medical Marijuana, Inc. CEO Dr. Stuart Titus. “Since becoming the first company to provide Mexico citizens with access to a medical product based on cannabis (THC-free hemp CBD), we’ve been at the forefront of the discussion on cannabis reform in the country and are always thankful when news outlets share the story of HempMeds® and RSHO-X™, because as more news spreads, the more citizens we can help that suffer from debilitating medical conditions.”

Subscribe below and we’ll keep you on top of what’s happening before $MJNA stock makes its next move.

$MJNA 10-Day Chart Below:

Additional coverage from national Mexico outlets include:

  • El Economista
  • El Norte
  • Mural

Medical Marijuana, Inc., started exporting to Mexico to help families gain access to THC-free CBD hemp oil RSHO-X™ after the Health Department of Mexico, COFEPRIS, issued the country’s first-ever government permits on February 2, 2016, to two families, including the Maldonado family whose daughter suffered from a severe form of epilepsy.

Medical Marijuana, Inc. created its subsidiary HempMeds® Mexico after RSHO-X™ product became the first and only cannabis product allowed for import into the country. HempMeds® Mexico works side by side with doctors, patients, and policy makers in Mexico to ensure those in need of CBD have access to it.

The company said, it was their mission is to be the premier cannabis and hemp industry innovators, leveraging the team of professionals to source, evaluate and purchase value-added companies and products, while allowing them to keep their integrity and entrepreneurial spirit. They strive to create awareness within our industry, develop environmentally-friendly, economically sustainable businesses, while increasing shareholder value. HempMeds® is a corporate portfolio company of MJNA and the Company’s exclusive master distributor and contracted marketing company, handling sales and distribution.

Medical Marijuana, Inc. (OTCMKTS:MJNA) is a legacy company in the cannabis sector, and anyone who watches the industry keeps this on the radar, and at a $400 million dollar market cap they should. The shares have been trading similar to the group (sector) as a whole, spiking higher and pulling back 50%. This is important because at the higher prices, during the spike, the value of MJNA as a bell weather were nearly $1 billion in value (now 397M). That size market cap will continue to capture investors attention as we transition to federal laws changing.

A billion dollar value means the company has a large shareholder base, as one of the original players in the industry, and is one we will always watch. So make sure you come here to get information on the burgeoning cannabis sector and the cast of characters who make up the universe. For continuing coverage on shares of $MJNA stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!


Latest article

Ozop Energy Solutions Inc (OTCMKTS:OZSC) Remains Volatile: Stock in Focus

Those who are looking to discover stocks that may have made big moves over the course of the past week could consider...

Data Storage Corp (OTCMKTS:DTST) Gets Sudden Attention: What’s The Buzz?

One of the stocks to have made significant gains this week was that of Data Storage Corp (OTCMKTS:DTST). The Data Storage Corporation...

A Closer Looks at American Battery Metals Corp (OTCMKTS:ABML) Developments

American Battery Metals Corp (OTCMKTS:ABML) is one of the stocks to have been in focus among investors over the course of the...

Why is Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) In a Bearish Trend?

The Bitcoin rally over the past weeks has taken the crypto space by storm. However, it should not be forgotten that Ethereum,...

Curaleaf Holdings (OTCQX:CURLF) Continues to Hit New Highs: Next Move?

The cannabis sector has had its ups and downs over the last year, but there are certain stocks that are almost always...