Carlsbad, CA / March 11, 2014 / The Marijuana Index, or
MJX Marijuana Index - the first and only equity tracking
index for marijuana stocks, cannabis stocks, and hemp stocks
featuring dynamic financial content - experienced a turbulent week
between March 3rd and March 7th as several stocks faced
unprecedented interest, while others succumbed to selling pressure
and possible profit taking (a credit to Alan Brochstein again,
who has done a tremendous job with daily updates for the investing
public in this sector via "The Daily Dab," and his pay-to-play
service 420 Investor).
Nevertheless, many stocks in the index are still "getting
stoned," highlighted by what remains the top featured article on
micro-cap investor favorite SmallCapNetwork.com's home page:
"Small Cap Marijuana News: The Marijuana Index Gets
Stoned." In a week where another article from The Marijuana
Index appeared to be one of the top articles on search giant
Yahoo.com at one point... The interest of the public and
investment community in the index and overall marijuana market is
apparent.
It will be interesting to watch as Washington's legalization
takes effect, followed by other states like Alaska pushing for
similar changes to seemingly archaic laws. The index expects
multiple "micro-bubbles," where trading activity and stock prices
experience subsequent peaks and valleys overall - with dramatic
changes at any given point. The Bulls and Bears are likely to
both be vindicated, depending on what day you pull up the
index.
The Marijuana Index has several major updates pending, some of
which could ripple throughout mainstream and financial media (are
you reading this Jim Cramer?). Details are confidential at
this time, but all readers are urged to sign-up for (free) updates
on the index homepage at http://www.marijuanaindex.org/.
Investors, observers, or media who follow the marijuana
industry and index must sign-up for e-mails or wait for future
press releases and articles, as no information will be provided via
inbound inquiry to the website (unless you are looking to
advertise, then you will get some information on advertising).
Survey Says!
Results from a recent survey conducted by the index illustrate
an overwhelming interest for a fund which in some way would track
The Marijuana Index or stocks within the sector in general.
As expected, a staggering 97.19%
of survey respondents (as of March 9th) maintain at least some
level of interest in such a fund, with an overwhelming majority
of 76.69% being "extremely interested."
Detailed by industry media leader and network
partner Cannabis Financial Network, we appear to be at a
tipping point in mainstream acceptance of marijuana.
Any future fund could signify another wave of advancement in a
marijuana stock market facing growing interest, regulation, and
mainstream "approval." Illustrating the current but expanding
microcosm of marijuana stocks: the only national exchange
listed security currently listed in The Marijuana Index is GW
Pharmaceuticals (NASDAQ: GWPH). GW Pharmaceuticals was
one company highlighted in a recent article by Minyanville founder
Todd Harrison: Marijuana Will Be the Single Best Investment
Idea of the Next Decade. The 20-year Wall Street veteran's
interview also wisely predicts ebbs and flows in the industry,
where a 10-year horizon exists with tremendous opportunity but not
without "potholes, false starts, and a lot of risk." A very
fair assessment, particularly as it pertains to potholes.
One thing to track as marijuana enters uncharted financial
waters is the potential role of cash-rich companies on major
exchanges who could enact consolidation plans -- or even IPOs,
which have faced a recent resurgence (especially in the technology
sector with NASDAQ: TWTR being a prime example). As
legislation changes, its not entirely difficult to envision a major
IPO involving a company dedicated solely to marijuana. While
some are skeptical as to whether an agricultural product could
consistently achieve high margins the way marijuana does, those who
either medicate, indulge, or understand the value of small-batch
wine or spirits recognize what Stephen King said: "marijuana
should not only be legal, it should be a cottage industry."
Even if (when?) big tobacco comes knocking with bags of cash
in hand, most realize that there is no replacement for the wares of
a master grower, and there will always be a market for top quality
product that isn't mass produced.
The Marijuana Index intends to track everything as it happens
for investors, observers, and media -- visit
http://www.marijuanaindex.org/ for more information and to sign-up
for free updates.
READ FULL RELEASE - Includes Future "Tier" System &
Forthcoming Marijuana Documentary
Understated Interest in Marijuana Stocks
Consider for a moment that, as of Friday March 7th, OTC Markets
showed 3,181 securities listed on the various tiers therein (OTCQX,
OTCQB, PINK). OTC Markets further details that, within those
3,181 securities, $851 million in dollar volume traded on Friday
(with approximately 5.6 billion shares exchanging hands).
Now imagine the reality that, with $851 million in aggregate
trading dollar volume on Friday (usually a light trading day) --
roughly $102,883,226 traded within a mere thirty-five issuers on
OTC Markets that are listed on The Marijuana Index. To recap,
The Marijuana Index represents about 1% of companies on OTC Markets
and accounted for roughly 12% of the total dollar volume of all
industries combined. Its no wonder MarijuanaIndex.org has
exponential increases in traffic and advertiser interest.
While FINRA was right to caution investors about some OTC
companies and the possibility of fraud (inherent within any
speculative stock, maybe moreso in a bull market like
this), the relevance of retail liquidity and investor interest
can't be underestimated. It would appear the investing public
is absolutely honed in, hoping that some "green rush" issuers
eventually make it to the big leagues of NASDAQ, AMEX, or NYSE
where true buy-side and sell-side analysts can throw their
respective two-cents in, and where company valuation is ideally
expressed in revenues or earnings, not just potential.
Speaking of valuation based upon potential, surely everyone
was paying attention to Facebook's (NASDAQ: FB) acquisition
of WhatsApp for $19 billion. Oh, the places you can go on the
"big boards."
UPDATE: Medbox (OTC: MDBX) issued a shareholder
update today including future plans to pursue an uplisting in late
2014, along with multiple new initiatives to improve transparency,
including the filing of Form 10 with the SEC.
Even the aforementioned fast-talking mainstream financial guru
Jim Cramer is entering the fold of cannabis coverage, where he
intimated that he may cover the sector from time-to-time.
Imagine a day when The Marijuana Index is covered by Jim
Cramer and other prominent financial media on a regular basis,
possibly in the same breath as other more established indices.
It could happen, just like big cable networks will probably
allow marijuana advertisements some day (or maybe companies like
MarijuanaDoctors.com will think of new ways to get more than they
bargained for in free publicity, even if the ads don't run!)
Though obviously not mutually exclusive, companies who learn to
leverage their relative high valuation and liquidity for
revenue-producing acquisitions or capital raises could position for
long-term success. Bigger deals such as the $101.1 million
(gross) closing of NASDAQ listed ADSs in GW Pharmaceuticals at $36
(NASDAQ: GWPH) illustrate the capacity and comfort for future
deals in the space. If you were to ask bankers with Morgan
Stanley & Co., Cowen and Cowen Company, Piper Jaffray & Co.
and Cannaccord Genuity five years ago if they thought about
executing a $100 million raise for a cannabinoid therapeutic
company... One might imagine their response at the time.
Click below to finish reading this press release and article at
the index website.
READ FULL RELEASE - Includes Future "Tier" System &
Forthcoming Marijuana Documentary
About The Marijuana Index
Network partners of marijuana media leaders Cannabis Financial
Network (http://www.cannabisfn.com/), The Marijuana Index is the
first and only registered equity tracking index for marijuana
stocks, cannabis stocks, and hemp stocks – providing investors and
listed companies with dynamic market data and streaming content.
Currently detailing more than thirty publicly traded issuers,
The Marijuana Index provides marijuana investors and interested
observers with a medium for research, charts, and a centralized
news source. Readers are urged to visit
http://www.marijuanaindex.org/ for up-to-date information and to
sign up for updates. Follow The Marijuana Index on Twitter
@MarijuanaIndex.
As the index integrates several improvements, investor and site
visitor feedback is requested by visiting this link:
https://www.surveymonkey.com/s/6TRX93W
Companies or websites wishing to advertise on the index should
contact advertisers@marijuanaindex.org, new advertising packages
are available.
DISCLAIMER
The Marijuana Index (MJX Marijuana Index, the "index") is a data
aggregation service and does not provide promotional efforts, other
than sponsorship or visual advertisements, unless otherwise noted.
The Marijuana Index does not offer investment advice.
Nothing listed on MarijuanaIndex.org or within this release
is an offer to buy or sell securities. Readers are cautioned
against using information obtained from The Marijuana Index as a
basis for any investment decision. The Marijuana Index makes
no warranties or representations as to the accuracy of posted or
streamed information. The Marijuana Index was not paid by any
companies listed within this press release, but reserves the right
to buy or sell shares in listed companies without notice. The
word “registered” above as it relates to the index is not meant to
imply registration with the SEC – The Marijuana Index is registered
with leading financial content provider Quotemedia with the ticker
^MMJ. The Marijuana Index makes no expressed or implied
warranties or representations regarding the forthcoming changes to
the index, tier system, or current and future features of the
website. For more information on our disclaimer, visit
http://www.marijuanaindex.org/ and click on “About Us” and
“Disclaimer.”
INCLUSION IN THE MARIJUANA INDEX DOES NOT IMPLY THAT DUE DILIGENCE
OR EVALUATION ON ANY LEVEL HAS BEEN CONDUCTED ON LISTED
COMPANIES.
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