Medical Marijuana Inc (OTCMKTS:MJNA) was a notable mover during the trading session. The stock rallied by close to 10% on relatively high volumes. The stock has been in a massive uptrend ever since it breached its 50 day moving average. The stock has formed higher tops and higher bottoms indicative of the strong bullish momentum. The stock currently is facing resistance at levels of $0.530.The MACD oscillator has given a buy signal, which is considered bullish as it indicates a shift towards the buy side. Trades see the stock heading to levels of $0.530 in the near term if it closes above the aforementioned resistance zone.
Medical Marijuana Inc (OTCMKTS:MJNA) announced that its newly launched medium-chain triglyceride and Real Scientific Hemp Oil or RSHO products were now available for imports in the Brazilian market. As per the reports, all the products are to be supplied in Brazilian market via the only distributor of Medical Marijuana – HempMeds Brazil.
The senior management team of the company is delighted to witness this excellent growth and hopes that Medical Marijuana will continue to live up to customers’ expectations in the coming months as well. According to Stuart W. Titus, CEO, Medical Marijuana, convenience can take anyone places. Earlier, when Medical Marijuana received customer feedbacks about RSHO products, it found that users in Brazil were mixing RSHO with coconut oil to attain the ultimate optimization level.
With new RSHO products coupled with MCT (Medium-Chain Triglyceride) oil and dosing spoon, the entire administration of this production has been simplified. The entire management team is confident that this change will further expand the popularity level of RSHO products in Brazilian market. Titus further added that Medical Marijuana wouldn’t stop at this stage. It would continue to make RSHO more convenient and easy to serve, so that customers could use it without any hassle.
Unlike the old one, the new RSHO liquid can be measured in milliliters, making it easy for doctors to prescribe dosage in a familiar way. MCT oil isn’t hand-made; it’s found in coconut oil and can be a source of healthy fats that are necessary for the body. It’s prescribed by health experts especially to children so that they can grow strong. Additionally, athletes also use it to find natural strength.
Medical Marijuana got the permission to run operations in Brazil a few months back, and in this short duration it has come a long way. In Titus’ opinion, it will continue to take innovative decisions to enhance the product quality as well as the reach of the product in the Brazilian market. Details of such steps will be shared with all the shareholders from time to time.