Ever since legislation began to relax rulings on medical cannabis and medicinal marijuana dispensaries became more popular, publicly traded companies focused on cannabis, one of the 50 “fundamental” herbs of traditional Chinese medicine, have also become more popular, especially in 2012. Having begun the year with an alert issued on Cannabis Science (CBIS) which gained as much as 1,100%, we take a look at another three hemp related penny stocks which could provide gains similar to those of CBIS stock in recent months.
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About CBIS Stock
On August 20, Cannabis Science reported their financial results for the three and six months ended June 30, 2012. Revenues for the three months ended were just $7,471 compared to $62,044 for the same three month period in 2011. However, revenues for the six months ended totaled $123,606 compared to $73,334 for the same 6 month period in 2011.
Cannabis Science, Inc. (CBIS) is at the forefront of medical marijuana research and development. The Company works with world authorities on phytocannabinoid science targeting critical illnesses, and adheres to scientific methodologies to develop, produce, and commercialize phytocannabinoid-based pharmaceutical products (cannabis-based medicines).
CBIS Stock Chart
Market Cap: 33.27M
Close: 0.0481, up 0.0141 (41.47%)
Dollar Volume: $928,957
Average Trade Size: 17,680
Issued and Outstanding: 691,770,573
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About MJNA Stock
Wednesday, Medical Marijuana launched their new on-line sales website for its Hemp-based Dixie X line of products: www.dixiex.com This announcement supports the company’s large scale national launch of on-line sales of its Hemp-based Cannabidiol enriched health and wellness Dixie X products.
Medical Marijuana, Inc. (MJNA) is a company focused on becoming the premier cannabis and hemp industry innovators by leveraging their team of professionals to source, evaluate and purchase value-added companies and products, while allowing them to keep their integrity and entrepreneurial spirit.
MJNA Stock Chart
Market Cap: 34.07M
Close: 0.061, up 0.0076 (14.23%)
Dollar Volume: $470,149
Average Trade Size: 23,510
Issued and Outstanding: 558,565,764
About HEMP Stock
Hemp, Inc.’s division, Marijuana, Inc. in association with Redemption Productions recently announced the launch of the Medical Grow Tour in Portland, Oregon on December 1 and 2, 2012. Designed to enable individual medical marijuana patients to gain the knowledge and skills necessary to grow the best medicine possible, as their state allows, the venue for the event is said to be announced later this month.
HEMP, Inc. (HEMP) focuses on the vast market created by the quickly emerging, and growing, multibillion dollar industrial hemp industry. The Company follows a policy called Triple Bottom Line which means people, planet, and profits in a balanced blend of all three elements. HEMP, Inc. is not involved in the cultivation or marketing of medical marijuana. It is the company’s belief that legalization of hemp in all 50 states and at the federal level will come to pass. With that in mind, the company is building infrastructure with the potential to gain substantial market share once hemp prohibition ends.
HEMP Stock Chart
Market Cap: 10.24M
Close: 0.0131, down -0.0049 (-27.22%)
Dollar Volume: $2,674
Average Trade Size: 15,551
Issued and Outstanding: 781,778,537
About RFMK Stock
Known as the “Martha Stewart of Marijuana”, Rapid Fire Marketing spokesperson, Cheryl Shuman, brings 25 years of experience as the “cannabis expert” on the FX hit show “Wilfred” Hired to produce authentic scenes for the “Marijuana Dispensary” recreated from her very own “Beverly Hills Cannabis Club”, complete with props including the CANNAcig and other products by GotVape.com, Shuman returns for Season Two.
Rapid Fire Marketing Inc. (RFMK) is a medicinal marijuana focused company whose core business is the Vapor Inhaler. The Vapor Inhaler is the base technology for the CANNAcig and follow on products. The Vapor Inhaler is a new and disruptive technology for medical cannabis patients around the world. At this time, follow on products include the Pocket Puffer, and the Power Pocket Puffer.
RFMK Stock Chart
Market Cap: 2.45M
Close: 0.0024, down -0.0003 (-11.11%)
Dollar Volume: $168,765
Average Trade Size: 282,936
Issued and Outstanding: 1,019,828,022
Bottom Line: Marijuana focused penny stocks can be good investments with the right timing. Proof of that was the gains captured on CBIS stock from January to late February of our penny stock alerts as well as yesterday’s trading session. MJNA and RFMK are also two penny stocks with a lot of love behind them. The newly renamed HEMP from Marijuana Inc. is a strong candidate to watch today with their recent announcement. Another candidate to watch for a smoke out session is TRTC.
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