Navigation Links
Medbox, Inc. Comments on Record Trading Day
Date:12/10/2012

HOLLYWOOD, Calif., Dec. 10, 2012 /PRNewswire/ -- Medbox, Inc. (OTC Markets: MDBX) (www.medboxinc.com), commented on last Friday's remarkable trading volume of 54,468 shares and finishing the day dramatically up in price at almost $30 per share.

On Friday, the company had announced formation of an internal committee to pursue select strategic acquisitions.  The targeted market segments mentioned were: pharmaceutical packaging (prescription bags and vials), security and control (ability to implant RFID technology into packaging for unit tracking and security), mag-stripe card manufacturers, medical cannabis lab testing, and cannabinoid research and development companies. All market segments have seamless synergy with the company's business model and provide a "low-hanging fruit" scenario that the company would be remiss if not pursued.

CNBC commented on the company's Friday release, mid-day, while the stock price soared, up nearly 31% and $7.15 by day's end on extremely heavy volume of shares traded. The company attributes the increased interest by shareholders to a myriad of factors including: a patent issued and several other patents pending; the company, through its wholly owned subsidiaries, has showed profit and growth in each year and over $8 million in revenue since beginning operations in 2010; a business model blending industry consulting and patented technology sales that is the first of its kind with extremely high barriers for entry for competitors; company's technology had a positive mention in Colorado's medical marijuana reform law (HB1043 – Page 10); National and International media exposure with over 50 news outlets dating back to 2008 when the founder of the company's subsidiary debuted the technology for CNN; an increased awareness on a national scale as to the necessity to control, tax, and regulate medical marijuana, which is aiding medical marijuana states in balancing thei
'/>"/>

SOURCE Medbox, Inc.
Copyright©2012 PR Newswire.
All rights reserved

Page: 1 2 3

Related biology news :

1. Medbox, Inc. Featured in Multiple Media Stories in Massachusetts and California
2. Medbox, Inc. Releases Demo Video and Collateral Media Concerning How Their Systems Will Be Used in Massachusetts Medical Marijuana Dispensaries
3. Medbox, Inc. Releases 2nd Quarter Financials
4. Medbox, Inc. Announces Top-Tier Rating by Dun & Bradstreet Credibility Corporation
5. Medbox Communicates with Shareholders, Comments on Pending Transition to OTC Bulletin Board, and Announces Appearance on Fox Business News Channel
6. Sea surface temperatures reach record highs on Northeast continental shelf
7. Chikyu sets a new world drilling-depth record of scientific ocean drilling
8. UF scientists find state record 87 eggs in largest python from Everglades
9. First ever videos of snow leopard mother and cubs in dens recorded in Mongolia
10. MIT-designed cooler preserves tuberculosis drugs, records doses
11. CDS Monarch Deploys DigitalPersona Strong Authentication Solutions for Secure Access to Electronic Medical Records
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/22/2015)... YORK and POINT ROBERTS, Washington ... news source covering leading sectors including technology and tech stocks, ... Privacy marketplace featuring master pickpocket and security consultant Apollo ... is stolen and talks about the Wocket™ biometric smart wallet, ...
(Date:1/22/2015)... , Jan. 22, 2015 Research and Markets ... addition of the "Global Wearable Technologies Market ... Share, Overview, Trends and Forecast 2014-2020" report ... Technologies are smart devices that can be worn ...
(Date:12/24/2014)... Dec. 23, 2014  Since its launch in December 2014, the ... the pain of trying to remember their usernames and passwords ... to their smartphones. To assist people who have struggled to ... that created 1U and focuses on redefining identity, announced today ...
Breaking Biology News(10 mins):Apollo Robbins Talks about the Illusion of Personal Safety and How Easily Your Wallet is Stolen; If a Wocket Wallet is Stolen the Thief Can't do Anything With it! 2Apollo Robbins Talks about the Illusion of Personal Safety and How Easily Your Wallet is Stolen; If a Wocket Wallet is Stolen the Thief Can't do Anything With it! 3Global Wearable Technologies Market and Applications, Opportunities, Industry Analysis, Segmentation, Size, Growth, Share, Overview, Trends and Forecast 2014-2020 21U Offers Best Solution to the Username / Password Dilemma: For FREE! 21U Offers Best Solution to the Username / Password Dilemma: For FREE! 3
... material already used in absorbable surgical sutures and other ... to patients with brain infections, scientists are reporting in ... on the brain,s surface, could reduce the need for ... treatment, they say in the journal ACS Chemical ...
... have a limited capacity to soak up atmospheric carbon ... University. The study, available online in the journal ... atmospheric carbon dioxide could alter the carbon and nitrogen ... woodland plots over an 11-year period, the researchers found ...
... have extensive surgery are four times more likely to ... has found. The findings in a new paper ... systematic review and meta-analysis published in the prestigious journal ... surgery to treat breast cancer increases the risk of ...
Cached Biology News:Breast cancer surgery linked to swollen arm syndrome 2
(Date:2/26/2015)... S&P Capital IQ (MHFI) announced today that ... MabVax Therapeutics Holdings Inc . MabVax ... company focused on the development of vaccine and antibody-based ... of cancer. MabVax has discovered a pipeline of human ... generated by patients who have been immunized against targeted ...
(Date:2/26/2015)... --  Synageva BioPharma Corp. (NASDAQ: ... for rare disorders, today reported 2014 full year ... objectives, and financial guidance.  Synageva,s management team will ... EST to review the financial results and provide ... call by telephone, please dial (877) 445-4603 for ...
(Date:2/26/2015)... (PRWEB) February 26, 2015 The Movement ... demonstration to support life extension technologies and awareness. The ... Universal Coordinated Time, on March 21st 2015, in a ... , Eric Schulke, Founder of MILE, says, “Our ... with urgency. The Movement for Indefinite Life Extension is ...
(Date:2/26/2015)... 2015 BioEnterprise today announced that ... than $2 billion in growth funding during the past ... strategic sources, state – including the Ohio Third Frontier ... billion has been raised in the past five years. ... of the BioEnterprise Midwest Healthcare Growth Capital  Report. ...
Breaking Biology Technology:S&P Capital IQ Initiates Coverage on MabVax Therapeutics Holdings Inc. in S&P Capital IQ Factual Stock Reports 2S&P Capital IQ Initiates Coverage on MabVax Therapeutics Holdings Inc. in S&P Capital IQ Factual Stock Reports 3S&P Capital IQ Initiates Coverage on MabVax Therapeutics Holdings Inc. in S&P Capital IQ Factual Stock Reports 4S&P Capital IQ Initiates Coverage on MabVax Therapeutics Holdings Inc. in S&P Capital IQ Factual Stock Reports 5Synageva BioPharma Reports 2014 Full Year Financial Results 2Synageva BioPharma Reports 2014 Full Year Financial Results 3Synageva BioPharma Reports 2014 Full Year Financial Results 4Synageva BioPharma Reports 2014 Full Year Financial Results 5Synageva BioPharma Reports 2014 Full Year Financial Results 6Synageva BioPharma Reports 2014 Full Year Financial Results 7Synageva BioPharma Reports 2014 Full Year Financial Results 8Synageva BioPharma Reports 2014 Full Year Financial Results 9Indefinite Life Extension Activists Organize Online Demonstration 2Indefinite Life Extension Activists Organize Online Demonstration 3More Than $2 Billion Invested in Northeast Ohio Bioscience Start-Up Companies Since 2002 2More Than $2 Billion Invested in Northeast Ohio Bioscience Start-Up Companies Since 2002 3More Than $2 Billion Invested in Northeast Ohio Bioscience Start-Up Companies Since 2002 4
... in the United States searches for an Indian company so ... banyan tree? , ,Protesters during the industrial age screamed against ... possible destruction of society. They later protested about the manufacturing ... to the roar as we enter into a global tide ...
... GE Healthcare will provide digital imaging systems to ... the company announced on Monday. , ,Englands National Health ... images to be transmitted among hospitals so that experts ... about $18 billion. The deal with GE Healthcare is ...
... am sitting with an angry Mediterranean Sea roaring at my ... start-ups as the first winter storm hits Tel Aviv. I ... Israel, taking an assessment of the technology markets here and ... strikes me on this visit is the presumed gap between ...
Cached Biology Technology:Outsourcing fills gaps and drives U.S. back toward innovation 2Outsourcing fills gaps and drives U.S. back toward innovation 3Innovation thrives in Europe 2Innovation thrives in Europe 3