The Cannabis Industry Stocks In The News: (otcpink:MJNA), (otcqb:CBIS) in Market Watch, The Wall Street Journal, Feb 13, 2013
Feb 04, 2013 (ACCESSWIRE-TNW via COMTEX) — New York (February 4th, 2013) – Medical Marijuana, Inc. (otcpink:MJNA)closed at 0.3050 in the last trading session. It moved up 36.16% on volumes of 57,881,469 versus a 3 month average volume of 10,285,500. The stock has a market cap of 224.62M. There wasn’t any news release today that would cause the stock to rise so sharply.
Recently announced operating highlights of the quarter stated that PhytoSPHERE Systems produced over 550 million milligrams of Hemp CBD oil for MJNA product sales and third party contracts, representing a 50% increase in production from the prior quarter.
PhytoSPHERE Systems proprietary extraction technology helped the Company produce cost effective, high value CBD oil with concentrations of up to 80% in volume.
Cannabis Science, Inc. (otcqb:CBIS) announced its Corporate Operational Guidance for 2013, highlighting a strategic action plan to “bring to market” innovative, cannabinoid-based, life-saving, anti-cancer drugs.
The Company anticipates releasing a variety of cannabinoid-based treatments that already show great promise in fighting HIV-related illnesses like Kaposi’s Sarcoma that is on the rise due to the developing resistance to all current classes of anti-retroviral drugs.
Cannabis Science, Inc. is at the forefront of cannabinoid research and development for unmet medical needs. The Company works with leading experts in HIV drug development, medicinal characterization, and clinical research to develop, produce, and commercialize Phytocannabinoid-based pharmaceutical products. For more information: http://www.marketwatch.com/story/the-cannabis-industry-stocks-in-the-news-otcpink-mjna-otcqb-cbis-2013-02-04?siteid=nwhfriend