Marijuana Stocks to Watch: Top Traders: (HESG), (ERBB), (MJNA), (MWIP)
Category: Investment, Agriculture
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News about Health Sciences Group Inc.
Point Roberts, WA - February 27, 2013 (Investorideas.com Newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors reports on Marijuana stocks trading for February 27th, 2013.
Health Sciences Group Inc., (OTC:HESG) trading at $0.00 went down -50.00% on a high volume of 13,266,500 shares, making it today's top trading Marijuana stock.
InternetArray, Inc., (INAR), announced late last month its plans to enter into a joint venture/collaboration arrangement with Health Sciences Group (HESG) to develop Social Media/Mobile Apps for the Medical Marijuana industry. These new specialized apps will enable prescribed patients much needed information to make a better decision on whether or not cannabis is an appropriate treatment option, and access to local resources.
Tranzbyte Corporation (OTC:ERBB) trading at $0.00 showed no gain or loss on a volume of 6,825,000 shares.
Medical Marijuana Inc., (OTC:MJNA) trading at $0.29 dropped $-0.01 or -2.32% on a volume of 3,760,231 shares.
The marijuana industry has significant growth potential as the industry undergoes its transformation to legalization. With these various forms of legalization occurring at the state levels, there are tremendous opportunities for profits to be made by marijuana focused companies. While there is a lot of progress being made at the state level, federal law is still barrier to entry for US corporations. But once again, the leadership at
Medical Marijuana, Inc. (MJNA.PK) is currently using its licensing strategy to remove the barriers created by federal law for legalization of US corporations. In doing so, will greatly expand its potential for accelerated growth for its PhytoSPHERE Systems, LLC subsidiary.
Medical Marijuana, Inc., is a portfolio company that is made up of 5 separate subsidiaries. Through one of which, Red Dice Holdings subsidiary, the use of licensing allows the company to legally tap into the market for THC without exposing the company to litigation risk.
Medical Marijuana, Inc., is now using a similar technique in regard to PhytoSPHERE.
The strategy was revealed in the CannaVEST Corp February 12, 2013 Form 8-K filing. The document revealed that MJNA will sell all of PhytoSPHERE's assets to CannaVEST in exchange for payments totaling $35,000,000. The purchase will be made with 5 payments that can be either cash or stock.
CannaVEST gets everything in this arrangement to include the total cash balance of $50,774.55 in existing bank accounts. As part of this agreement CannaVEST will get all of the assets and liabilities of PhytoSPHERE but not the name itself. However, MJNA will grant CannaVEST exclusive use of the names "PhytoSPHERE" and "PhytoSPHERE Systems" for the commercialization of the products though a licensing agreement.
MediSwipe Inc., (OTCBB:MWIP) trading at $0.29 lowered by $-0.01 or -2.32% on a volume of 3,760,231 shares.
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