Friday, April 1, 2011

Medical Marijuana (PINK:MJNA) Down -17% on Heavy Volume

Medical Marijuana (PINK:MJNA) Down -17% on Heavy VolumeOxford, MS 4/1/2011 (Penny PayDay) -- Medical Marijuana, Inc. (PINK:MJNA) yesterday announced, in a press release, that it has been assigned a second asset and management contract from CannaBANK. This second debt-free, income producing asset transferred from the Hemp Deposit & Distribution Corp. (HDDC) d/b/a CannaBANK, Inc. services the needs of health and wellness members in the greater Sacramento area. As I write, shares of Medical Marijuana were down 17 percent at $0.15 per share on volume of more than 1.3 million shares compared to its average daily volume of 947,000 shares. The company has a market cap of $37 million and a 52-week range between $0.03 and $0.23 per share.