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MaryJane Group Inc (OTCMKTS:MJMJ) Continues To Make History

MaryJane Group Inc (OTCMKTS:MJMJ) Continues To Make History
Written by
Alex Carlson
Published on
March 13, 2016
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InsidrFinancial

MaryJane Group Inc (OTCMKTS:MJMJ) continues to be one of the most talked about names among pot stocks. This comes as the company has been able to get tons of free press. In January, MaryJane Group was featured on the History Channel. The program featured MJMJ’s Bud+Breakfast for the History Channel’s original documentary titled “The Marijuana Revolution.” This series featured several parts and focused on America’s attitude towards marijuana and the seismic shift that is taking place.MJMJ was one of the companies featured because CEO Joel Schneider aims to be the Conrad Hilton of the marijuana industry. MJMJ is the preeminent hospitality group in the canna-lifestyle hospitality sector, committed to strengthening the recreational cannabis industry through a unique brand portfolio and trusted partnerships. The company currently provides cannabis-friendly lodging and events at its three Bud and Breakfast locations.A stay at a Bud+Breakfast is unlike a stay anywhere else. The guest package includes a Wake and Bake Breakfast, a 4:20 Happy Hour and a facility to consume the best marijuana and marijuana edibles Colorado has to offer. MJMJ also provides its guests with an on-site chef who prepares a gourmet breakfast and afternoon hors d’oeuvres. Each Bud + Breakfast location allows MJMJ to book tours and sell branded apparel, merchandise and remaining glass products to guests. As a result of the company’s success, MJMJ is actively seeking additional lodging facilities.The latest news is that MJMJ has signed a Lease and Service Agreement to operate Camp Bud+Breakfast at Aspen Canyon Ranch, a 414 acre all-inclusive getaway in Parshall, Colorado. Located in the Rocky Mountains approximately 1.5 hours from downtown Denver and within 25 minutes of the company’s Bud+Breakfast at Silverthorne location, the ranch is near some of the state’s most beloved outdoor destinations. The resort combines recreational marijuana use and education with a traditional ranch experience to create the country’s first-ever cannabis resort. Camp Bud+Breakfast at Aspen Canyon Ranch will begin accepting reservations on March 15 for this year’s summer season, July 1 – September 30, 2016.Camp Bud+Breakfast Resort can welcome up to 56 guests at a time in one bedroom cabin accommodations, the Cliff House and the River House. The cabins include outdoor private deck areas, refrigerators, premium linens and river rock gas fireplaces. The houses are finely appointed and have complete kitchens, being nestled amongst pine, fir, spruce and aspen trees and within walking distance of a pristine river and on-site fully stocked fishing ponds.For legal purposes, a stay at Camp Bud+Breakfast includes everything except the cannabis itself. Guests who wish to buy marijuana can turn to the property’s cannabis concierge, who’ll provide a menu of recommended strains, plus suggested pairings with specific activities and meals. The retreat has exclusive partnerships with area dispensaries, which means guests enjoy special rates and private dispensary tours.Thanks to its small number of rooms and secluded mountainside location, Camp Bud+Breakfast is able to allow marijuana consumption in all public areas. For safety reasons, the resort does not allow smoking inside cabins and encourages guests to experience the communal vibe in one of many public areas (including the hot tubs, riverside, smoking lounge, bonfire, activities room, restaurant and walking trails). Each guest has access to a private deck where smoking is also allowed.MJMJ is hoping that the opening of America's first cannabis resort drives revenues this year. Net revenue for the three months ended October 31, 2015 totaled $310,587 compared to $164,293 in the comparable period in 2014, representing an increase of 89%. Net revenue increased $73,556 from net revenue of $237,021 during the three months ended July 31, 2015.While the news has investors excited, the biggest overhang on the stock remains dilution. As of February 1, MJMJ has 1.78 BILLION shares outstanding. While 500 MILLION shares did change hands on the news and the stock rose 33%, a word of caution is urged as past rallies in MJMJ have not been sustainable. As far as the company's business model, the fact that it doesn't have its own dispensary limits the amount of money MJMJ can make off its guests. A resort combined with a dispensary is hopefully the direction the company heads towards. We will be updating Insider Financial as soon as we know more. For continuing coverage on MJMJ and our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!Disclosure: We have no position in MJMJ and have not been compensated for this article.

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