March 31, 2014 / The Marijuana Index - the first and only equity
tracking index for marijuana stocks, cannabis stocks, and hemp
stocks featuring dynamic financial content, charts, and
centralized press for public companies – experienced several
significant (positive) events during an otherwise
turbulent month (beware the Ides of March, indeed).
While certainly not consolation to investors who experienced
corresponding losses in their portfolio – several indicators of
interest in The Marijuana Index illustrate a broader macro-economic
perspective for public markets. The index team received
requests from prestigious publications and media on a global scale
in March, and hopes to soon announce a major sponsor from a former
analyst turned publisher whose newsletter has been regarded for
decades. Needless to say, said newsletter author has their
eyes on what they expect to be an emerging bull market, and the
index is fortunate to have been targeted by such an accomplished
individual.
Previous publications which have featured or interviewed this
living legend include Barron’s, Fortune, Forbes, Newsweek,
Businessweek, and Time (to name a few). Subscribers to
The Marijuana Index Newsletter will be the first to receive
information on this new likely sponsor, which may even feature an
exclusive article or regular contributions to The Marijuana
Index content.
Index constituents succumbed to a landslide of
selling pressure while the index overall collapsed in
valuation – shedding 8.23% on Friday alone (UPDATE: the
index closed at $18.45 on Monday). As discussed in a
previous press release – The Marijuana Index recognizes
the challenges inherent with weighting the first and only
equity index for this industry, which contains highly volatile
micro- and small-cap issuers. Is it
Retracement? Index Dips to $17.95 (UPDATE: Rebounds
Slightly Monday to Close at $18.45)
The recently executed letter of intent discussed below
also make complex weighting, such as the system employed by
the Dow Jones Industrial Average, more important as The
Marijuana Index evolves and expands as the global leader for
marijuana equities. The Marijuana Index could employ a
price weighted system, with various considerations for new and
removed listings, or events such as spin-offs and stock splits.
These changes will be highlighted first to free subscribers
of The Marijuana Index Newsletter.
175,000 US Jobs Added in February
The US Department of Labor announced Friday that employers added
175,000 jobs during the month of February 2014 – while unemployment
advanced slightly to 6.7%. The data urges reflection on an
often overlooked aspect of a burgeoning marijuana economy in the
United States.
Much of the current media coverage surrounding positive
financial impacts of marijuana tends to focus on tax revenues
– with Colorado reaping $2 million in taxes during the month
of January 2014 alone. An understated financial benefit
of legal marijuana includes the jobs the industry creates
throughout the supply chain.
Consider for a moment that legal marijuana represents a
potential $50 billion industry in the United States (just
product). In a hypothetical federally legal marijuana
environment in the United States – how many new jobs might
this represent? How much money is saved on enforcement
of petty possession? What sort of impact does $50 billion in
circulation create from legitimate business owners – cash that
may have been stashed away as “mattress money” ten years ago, or
even sent to other countries? What is the economic impact of
newly circulated money which now goes to hard-working Americans
employed by the marijuana industry, instead of the private prison
systems lining their pockets from enforcement of minor 'crimes' of
possession, hoping to endlessly curtail legalization efforts for
their own benefit?
The answers to these questions aren’t known, but clearly
demonstrate a broader and more sweeping financial event than
immediately meets the eye. The public has spoken, and the
fact that even conservatives have “come around” show almost virtual
certainty that change is coming (the United States is a
democracy, right?)
Unprecedented Events for Public Marijuana Markets…
The Focal Point? The Marijuana Index
Further entrenching The Marijuana Index as the top information
destination for marijuana, cannabis, and hemp investors – a
confidential letter of intent has been executed wherein the index,
including several new websites in development and an iPhone and
Android-based app, would be acquired by a forthcoming closed-end
fund registered under the Investment Company Act of 1940.
Terms of the acquisition are confidential and are
expected to be released within the next 30-45 days, complete
with disclosures pursuant to the act.
The acquisition and deal is subject to various circumstances,
including (but not limited to) regulatory approvals and
sufficient capitalization. Contingent upon finalization and
approvals, details will be provided to subscribers of The
Marijuana Index free newsletter and via press release.
Television, radio, print, and online media who wish to receive
information or future possible interviews should subscribe to the
newsletter, and e-mail contact details to info@mmj-index.com (no
information will be provided unless and until the transaction is
finalized and announced formally).
Visit http://www.marijuanaindex.org/ to sign up for the free
newsletter – this is something subscribers and loyal index visitors
won’t want to miss. The Marijuana Index would like to express
gratitude for the overwhelmingly positive feedback from visitors,
issuers, and media during more than a year of tremendous growth and
transition. First launched during Q1 2013 – The Marijuana
Index has become a globally recognized brand in just over 14
months.
As previously detailed, The Marijuana Index will also
launch multiple tiers in Q2 – with one primary "portal"
website detailing all tiers and index charts including a new blog
and extended team of writers. The tier system will also
present three distinct websites consisting of 1) SEC reporting
issuers in the US, 2) non-reporting issuers in the US, and 3)
Canadian issuers. Hopeful companies who await potential
listing in the indices may be contacted in the coming weeks as
the three tiers expand to reflect additional market entrants.
This new index model is the foundation for a global plan
for marijuana issuers centralized on The Marijuana Index and
its various existing and forthcoming media properties, both online
and offline.
Recapping an Eventful 2014
1) The Marijuana Index expects to be involved in
a feature film intended for theatrical release featuring
the dynamic marijuana business, prominent players, and possibly
public companies involved in the industry;
2) The Marijuana Index could be the foundation of the
first publicly traded, dedicated marijuana, cannabis, and hemp
fund (subject to regulatory approvals and other factors);
3) The Marijuana Index is launching a multi-tier system to
differentiate SEC-reporting issuers from non-reporting issuers, as
well as a dedicated Canadian index, including a host of new media
properties;
4) The Marijuana Index is in early
production discussions for television and radio shows with
incredible, experienced broadcasters and media experts – the
anticipated media would be dedicated to public marijuana
company plans, executives, products, technology, and marijuana
entrepreneurs;
5) The Marijuana Index was approached by numerous
respected, global media sources wishing to profile the index – and
hopes to soon finalize sponsorship from a former analyst who has
graced the pages of the top financial publications in the
world.
Don’t miss out – sign up for FREE updates via e-mail
by subscribing to The Marijuana Index newsletter by visiting
http://www.marijuanaindex.org now.
Sample Headlines & Recent News
Plandai Biotechnology (OTCQB: PLPL), who last month
executed a licensing agreement with former Microsoft executive
Jamen Shively's controversial brand Diego Pellicer, discussed
intentions to develop Diego Pellicer Gold™. These extracts
would come in capsules and in cannabis oil for vapor use in
Pheroid™ and non-Pheroid™ to appeal to a large demographic of
medicinal consumers.
Latteno Foods (PINK: LATF) outlined various initiatives
for 2014 in Medical Marijuana -- the company recently reported that
revenues for the fourth quarter of 2013 totaled $4,097,877.
This stated total would increase 2013 revenues to
$15,100,739. The issuer detailed that full 2013 financial
statements, together with OTC Disclosure and legal opinion are
expected to be filed with OTCMarkets shortly. The company is
not yet considered a reporting issuer by OTCQB standards and is
expected to join The Marijuana Index: Pink tier shortly.
Tweed & LWI Capital Pool (TSX Venture: LWI.H)
previously announced a letter of intent in January wherein Tweed
would become among the first producers in Canada to become publicly
traded through a reverse-takeover. Tweed means "weed" in
Canadian (surely we jest). All kidding aside, Tweed has
fantastic branding and was "established to supply an
unmatched selection of premium medical marijuana to treat symptoms
such as chronic pain, seizures, muscle spasms, nausea, and loss of
appetite." If their web design and brand is any indication --
Tweed is certainly a company to watch as marijuana hopes to take
the previously mining-focused TSX Venture exchange by storm.
Should the merger complete, Tweed is likely to be among the
first issuers featured in The Marijuana Index: Canada.
Review the Full New Chain by Clicking Here
About The Marijuana Index
Network partners of marijuana media leaders Cannabis Financial
Network (http://www.cannabisfn.com/), The Marijuana Index was
founded in Q1 2013 and represents 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 (with a multiple tier system
forthcoming, including a dedicated Canadian tier), 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.
Companies or websites wishing to advertise on the index should
contact advertisers@marijuanaindex.org – advertising packages are
now available. The index site surpassed more than 380,000
unique visitors and more than 800,000 page views in March 2014
alone, and expects continued exponential growth. The index,
with new forms of online and offline media launching soon, hopes to
eventually achieve 5,000,000 or more unique visitors monthly.
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 or mentioned 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 has been registered with leading financial content
provider Quotemedia with the ticker ^MMJ since Q1 2013. The
Marijuana Index makes no expressed or implied warranties or
representations regarding the forthcoming changes to the index,
tier system, current and future features of the website, or any
company listed on the index or their performance. The
Marijuana Index makes no warranties or representations regarding
the executed letter of intent which may or may not finalize via
material definitive agreement and closing, in which the index may
be acquired by a closed-end fund, which is subject to various
factors.
For more information on the index disclaimer, visit
http://www.marijuanaindex.org/ and click on “About” 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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