Shares of Medical Marijuana Inc. (PINK: MJNA), an operator in the medical marijuana and industrial hemp markets with products ranging from patented and proprietary-based cannabinoid products to whole plant or isolated high value extracts, are soaring in trading today.
At last check, MJNA shares were trading 22.91% higher at $0.140 on above average volume of 28.70 million. The stock hit an intra-day high of $0.16.
MJNA today said that it commends the millions of Washington voters who helped pass Initiative 502 in the November 6 elections by a vote of 55%, marking a historic landmark for the medical marijuana industry.
Shares of another company engaged in the medical marijuana industry, Hemp Inc. (PINK: HEMP) are also seeing a rally in trading today. At last check, HEMP shares were trading 7.61% higher at $0.0495 on above average volume of 17.37 million. The stock hit an intra-day high of $0.06.
HEMP shares are also gaining on the back of positive development for the medical marijuana industry. The company said that the unprecedented victory marks the dawn of a new era whereby businessmen and pot barons are likely to cash in on an industry that is officially unstoppable.
Shares of Freddie Mac (OTC: FMCC), a provider of credit guarantee for residential mortgages originated by mortgage lenders and an investor in mortgage loans and mortgage-related securities in the U.S., are up sharply in trading today. At last check, FMCC shares were trading 10.37% higher at $0.30on above average volume of 8.22 million. The stock hit an intra-day high of $0.30 today.
FMCC shares are soaring after the company reported its third-quarter financial results. For the third quarter ended September 30, 2012, FMCC reported net income of $2.9 billion after accounting for a $1.8 billion dividend payment to the Treasury Department.
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