Among the many marijuana stocks which have recorded notable gains over the course of the past month or so, one of the more notable gainers has been the Medical Marijuana Inc (OTC: MJNA) stock.
The company, which has the distinction of being the first-ever publicly listed cannabis firm in America, saw its stock soar by as much as 70% on Wednesday. That took its total gains over the course of the past month to 750%.
The latest rally in the stock may have been triggered by an announcement from Medical Marijuana about its subsidiary Kannaway. Back in January, the company announced that Kannaway launched a range of new products in both the United States and Europe.
Both are lucrative markets and Medical Marijuana made the key announcement at its 2021 Focus Virtual Kickoff Event. The products in question are a form of CBG tincture for the American market and a Green Hemp CBD oil which is meant for the European counterpart.