Momentum Stock: Medical Marijuana Inc (MJNA), Earth Science Tech Inc (ETST), MassRoots Inc (MSRT)
Medical Marijuana Inc (OTCMKTS:MJNA) showing dropped of -0.08% and closed at $0.123, after gaining total volume of 0.00 shares. Its earnings per share (EPS) is $0.01 and its beta value stands at -1.78 points and has total market capitalization of $368.86 billion and a total of 3.03 billion outstanding shares.
Medical Marijuana Inc (MJNA) on March 23, 2017 announced that on July 1, 2017, it will move its corporate headquarters and California fulfillment center to a larger, more centrally located facility in Garden Grove, CA. The new building features greater warehouse space to allow for increased inventory, as well as additional floor space to support new services for the company’s growing customer base.
A recent report from the World Bank stated that California just surpassed the nation of France to become the world’s sixth largest economy, only outpaced by the US (as a whole), China, Japan, Germany, and the UK.
According to an article in Business Insider, the size of the cannabis market in California could reach $4.27 billion in 2018, and could grow to $6.45 billion by 2020.
Bolstering this projected growth are two recent voter-approved initiatives: Proposition 64, the “Adult Use of Marijuana Act” legalized the purchase of cannabis for adults 21 and older in California; and Measure M, which was recently passed in Los Angeles and will allow the nation’s second largest city to repeal a current ban on medical marijuana dispensaries. The measure also allows the city council to create new rules in order to facilitate a safe and well-regulated legal cannabis industry.
“Kush Bottles thrives in regulated cannabis markets, where strict rules require the use of certified, child resistant packaging,” said Nick Kovacevich, CEO of Kush Bottles, Inc. “We are excited about the passage of Measure M, which will allow newly established and existing medical marijuana facilities to legally operate in Los Angeles under new rules to create a safe and well-regulated market.”
Earth Science Tech Inc (OTCMKTS:ETST) reported the plunge of -1.05% and closed at $1.88, with the total traded volume of 0.00 shares. During last trade its minimum price was $1.59 and it gained its highest price of $2.04 and has a total of 40.91 million outstanding shares.
Earth Science Tech, Inc., a biotechnology company, focuses on delivering nutraceuticals, bioceuticals, and dietary supplements in the areas of health, wellness, sports, and alternative medicine worldwide. It focuses on non-prescription nutritional and dietary supplements for the treatment of chronic pain, joint pain, inflammation, seizures, high blood pressure, memory loss, depression, weight management, nausea, aging, and overall wellness. The company also provides consulting services to the athletic facilities industry. Its marketing services include direct marketing, search engine optimization, public relations, email marketing, social media marketing, and development of referral programs. In addition, Earth Science Tech, Inc. retails health and wellness brands, as well as sports nutrition and dietary supplement products; and stocks and sells high grade cannabidiol rich hemp oil and products. The company was formerly known as Ultimate Novelty Sports, Inc. and changed its name to Earth Science Tech, Inc. in April 2014. The company was incorporated in 2010 and is headquartered in Boca Raton, Florida.
MassRoots Inc (OTCMKTS:MSRT) decreased -1.72% closed at $0.855 and traded with total volume of 0.00 shares, while the average trading remained 614,743.00 shares. During last trade its minimum price was $0.86 and it gained the highest price of $0.88. Its market capitalization was $59.07 million.
MassRoots Inc (MSRT) on announced that Google Play has approved its mobile application for distribution to Android devices. MassRoots was unavailable on Google Play from early November, 2016 to March 21, 2017 due to a compliance review. Through its mobile application, MassRoots enables consumers to rate products and strains based on their efficacy (i.e., working well for back-pain or epilepsy) and then presents this information in easy-to-use formats for consumers to make educated purchasing decisions at their local dispensary.
“Re-gaining MassRoots’ listing on Google Play is a significant milestone that enables distribution to the millions of medical cannabis consumers that own Android devices,” stated MassRoots Chairman and CEO Mr. Isaac Dietrich. “MassRoots is already one of the most popular consumer platforms available, as evidenced by us recently announcing our 1 millionth registered user. I am confident that with this barrier to growth eliminated and several soon-to-be announced initiatives, we will be able to significantly leverage the 4/20 holiday season. We look forward to continuing to expand our market share of cannabis consumers and dispensaries to further drive shareholder value.”