After a pullback from a recent run that saw the price per share more than double, the Medical Marijuana Inc. (Pink Sheets: MJNA) stock chart is on watch for a bounce. Support is established at 3.5 and 4 cents with resistance in place at 5 and 6 cents.
The company released news this morning that it has acquired a 50 percent stake in CanChew, a cannabinoid (CBD)-based medicine delivery vehicle in the form of chewing gum. The product was previously owned entirely by Sanammad Foundation, a pharmaceutical development company headquartered in The Netherlands.
Medical Marijuana (MJNA) Stock Quote and News:
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