Medical Marijuana Inc (OTCMKTS:MJNA) Finally Files Its Annual Report

[[tagnumber 0]][[tagnumber 1]]The stock of Medical Marijuana Inc (OTCMKTS:MJNA) has been going through a tough period for quite some time now. This isn’t something surprising considering how other legal cannabis businesses are doing. Until earlier this month, the company stock was registering 52–week low after 52–week low.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The highly anticipated annual report, or the lack of it, was something that surely affected the stock in a negative way. It has finally come, as of yesterday, and the numbers contained in it are quite impressive.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 9]] [[tagnumber 10]]cash: $678 thousand[[tagnumber 11]] [[tagnumber 10]]current assets: $7.69 million[[tagnumber 11]] [[tagnumber 10]]current liabilities: $4.04 million[[tagnumber 11]] [[tagnumber 10]]yearly revenues: $14.52 million[[tagnumber 11]] [[tagnumber 10]]yearly net loss: $4.48 million[[tagnumber 11]] [[tagnumber 20]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]I you put aside the not–so–large amount of cash on hand things look pretty well. The revenues have grown by an impressive 280% compared to 2013. This all sounds very good, but the revenues of [[tagnumber 24]]MJNA’s [[tagnumber 25]]Q4 for 2014 have been smaller compared to the previous quarters and the increase is only 16% compared to the previous year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Furthermore, the net loss has increase compared to the previous year. We also didn’t get the numbers contained in the balance sheet of Kannaway, a company that was acquired by [[tagnumber 24]]MJNA [[tagnumber 25]]for $100 million earlier this year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Still, the numbers of [[tagnumber 24]]MJNA [[tagnumber 25]]did manage to push the stock 13.33% up in yesterday’s session. The ticker closed the day at a price of $0.0714 while a total of 15.47 million shares changed their owners, generating $1.01 million in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Today we see [[tagnumber 24]]MJNA [[tagnumber 25]]still adding more value and the company stock is sitting 17.65% higher as of the writing of this article. Still, this doesn’t mean that you should skip doing your due diligence and weighing out the risks before putting any money on the line.[[tagnumber 2]]