Looks like Medical Marijuana, Inc (PINK:MJNA) has been unable to define its chart position lately. During the past days the stock 
has been jumping up and down at full speed, making its next move more unpredictable.
After a price jump on Friday, yesterday MJNA jumped up 18.18% and managed to trade over 4 million shares on the market.
Looks like the positive price change was due to the last news by MJNA. Yesterday, it was reported that Arizona Governor abandoned her federal lawsuit which was blocking the implementation of medical marijuana dispensaries.
The news that the dispensary process may now proceed immediately inspired traders and MJNA got back on track. The question is, how long the up move will resist this time.[BANNER]
On Jan 10, the company reported that its forth quarter revenue has increased over 100%. However, its last financial report stated that MJNA does not have sufficient capital available to fund operations, nor to fund any expansion.
Thus, the company will need to raise additional funds until such time as it is generating sufficient revenues from operations. And in the meantime, MJNA has to find a way to cover its huge losses.
