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Alan Brochstein, CFA
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Alan Brochstein, CFA has worked in the securities industry since 1986, primarily with the responsibility for managing investments in institutional environments until he founded AB Analytical Services in 2007 in order to provide independent research and consulting to registered investment... More
My company:
420 Investor
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  • MJNA: It's What They Didn't Say About Kannaway That Should Make You Run Away

    In typical fashion for the company, Medical Marijuana, Inc. (OTCPK:MJNA) dropped an aggressive press release lacking substance in what appears to be a last-ditch effort to interest investors in its comatose stock. Before the market opened on 1/22/15, the company announced that it had signed a "Definitive Agreement to Acquire Kannaway, LLC", a newly formed multilevel marketing organization (NYSE:MLM) that is owned by General Hemp, LLC. General Hemp is controlled by Stuart Titus, who has long ties to MJNA and was able to pull out $7mm from CannaVest (OTCQB:CANV) as he sold into the speculative peak last year as described by Forbes Magazine and detailed in SEC filings.

    The press release described the products, shared some information about the company's success, and trumpeted a valuation by Houlihan Capital of "$119.6-242.7 million". That sounds huge considering MJNA itself is valued by the market at roughly $120mm based upon about 1 billion shares and a recent close near $0.12. In my view, it's what MJNA didn't say that should leave investors concerned:


    Tags: MJNA, Cannabis
    Jan 23 11:59 AM | Link | Comment!
  • A Look At 4 Key Stocks In The Cannabis Sector

    I just posted 4 videos discussing from a technical and fundamental perspective some of the key stocks in the cannabis sector:

    Dec 25 9:28 PM | Link | 5 Comments
  • 420 Investor Newsletter

    I just published the monthly 420 Investor Newsletter:

    420 Investor Newsletter - Volume 1, Edition 3

    *Market Review and Outlook
    *A Marijuana Stock with Earnings
    *M&A or Smoke & Mirrors?
    *Avoiding Scams
    *Industry Calendar
    *Focus List News for November
    *Focus List Returns

    Annual subscription is $97. Here is an example:

    Nov 29 4:23 PM | Link | 3 Comments
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