Navigation Links
Medbox Responds to Unprecedented Rise in Stock Price
Date:11/16/2012

HOLLYWOOD, Calif., Nov. 16, 2012 /PRNewswire/ -- Medbox, Inc. (Ticker: MDBX) (www.medboxinc.com), responded to the dramatic rise in their stock price over the past few days. After being featured in a November 13, 2012 Wall Street Journal MarketWatch report suggesting that the medical marijuana market might be ripe for investment, shares of Medbox, Inc. rocketed upward, reaching $215 per share on Thursday on thin volume.  Dr. Bruce Bedrick, CEO, suggested that while the company's present business strategy is working well and their new product line continues to garner interest in the conventional pharmaceutical distribution channel, the company attributes the share price increase to a lack of float and not based upon present business economics.

Bedrick states: "As we previously disclosed, Medbox had a record 3rd quarter generating over $1.3 million in revenue and its highest EBITDA margin to date.  As stated in our October 17th press release, revenues are projected to jump to over $24 million by fiscal year end 2014, and continue on a rapid growth path to over $48 million by fiscal year end 2016. EBITDA is projected at a healthy $10.2 million and $22.1 million for the same periods."

"While we are pleased by the share attention, Medbox shares have traded between $2.75 and $3.45 over the past several months.  Our fundamentals and market potential are improving, especially with the potential of our new Rx product line, but we temper investor expectations at present price points."

In the days since the article, Medbox has seen their stock rise over 3000%, giving the company a market cap of $2.26 billion. The management of Medbox is concerned about the sudden and pronounced increase in their stock price and is taking steps to reduce these tremendous price swings.

"We will take steps to attempt to avoid a roller-coaster syndrome, with the stock rising and falling in dramatic fashion," Med
'/>"/>

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

0

GOOD

Page: 1 2 3

Related medicine technology :

1. Medbox, Inc. Rides a Wave of Local Media Support in Connecticut
2. Medbox, Inc. Weighs-in on FDA Evaluation of Prescription Medicine Dispensing Systems
3. Medbox, Inc. To Support Referendum Overturning LA City Council Ban on Medical Marijuana Outlets
4. Medbox, Inc. at the Forefront of Providing Secure Medicine Dispensing Systems to Prisons
5. Medbox Announces Increase in Shareholder Base and Record Revenue Generated in Q3
6. Medbox, Inc. Protects Its Image as a Leader in Sensible Medication Dispensing
7. Medbox Inc. Featured in Wall Street Journal
8. Icahn Responds To Forest Labs Board
9. iMD Companies responds to shareholder questions
10. Concord Medical Responds to Unusual Market Activity in its Stock
11. Omeros Responds to Misleading Announcement by Davis Wright Tremaine Concerning Settlement with Former Chief Financial Officer
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/17/2013)... 2013  ConvaTec today announced that it will report its 2013 first ... , CEO, and Ed Borkowski , CFO, will host ... To participate in the conference call within the U.S. ... participate in the conference call outside the U.S. and Canada ... 72195398. Participants should dial in 10 minutes prior to the ...
(Date:5/17/2013)...  PENTAX Medical, a healthcare industry leader in ... in ultrasound imaging, recently announced renewed collaborative efforts ... innovation in the development of Endoscopic Ultrasound Systems ... PENTAX Medical endoscopic portfolio have formed one of ... This agreement will continue to grow their long-standing ...
(Date:5/17/2013)...  Boston Scientific Corporation (NYSE: BSX ) ... Program May 21-24 in Paris . ... rich and diversified set of data this year at ... global chief medical officer, Boston Scientific.  "The primary endpoint ... NG PROMUS trial, which evaluated our Promus PREMIER ™ ...
Breaking Medicine Technology:PENTAX Medical And Hitachi-Aloka Medical Continue Joint Innovation And Global Leadership In Endoscopic Ultrasound Systems 2PENTAX Medical And Hitachi-Aloka Medical Continue Joint Innovation And Global Leadership In Endoscopic Ultrasound Systems 3Boston Scientific Schedule of Major Events and Presentations at EuroPCR 2013 2Boston Scientific Schedule of Major Events and Presentations at EuroPCR 2013 3Boston Scientific Schedule of Major Events and Presentations at EuroPCR 2013 4Boston Scientific Schedule of Major Events and Presentations at EuroPCR 2013 5Boston Scientific Schedule of Major Events and Presentations at EuroPCR 2013 6Boston Scientific Schedule of Major Events and Presentations at EuroPCR 2013 7Boston Scientific Schedule of Major Events and Presentations at EuroPCR 2013 8
(Date:5/19/2013)... 19, 2013 Farming methods have changed ... the ground 10,000 years ago. Most recently, the Green ... by using genetically engineered seeds and by applying chemical ... backlash to these techniques due to the adverse environmental ... a corresponding surge in interest in organic, sustainable farming ...
(Date:5/19/2013)... Agora Health Limited developed by Rachael Linkie is a new ... increase memory power naturally and effectively. The program also ... their entire health from the inside out. It also helps ... mind. In addition, the program helps people keep their memory ... claimed that this program can help people overcome a family ...
(Date:5/19/2013)... May 19, 2013 The AMTC team will ... the Columbus Georgia Convention & Trade Center on June 1st. ... attend. AMTC auditions are free of charge. , Actors, Models ... for hundreds of successful artists and grads like Caitlin Kinney ... European Tombolini , Chris Young - on his Liquid Neon ...
(Date:5/18/2013)... Bradley, Illinois (PRWEB) May 18, 2013 ... community in the St. Louis Metro East area, is hosting ... p.m. on Friday, May 24. , The community, which is ... older adults of all incomes, including those on Medicaid, who ... for a delicious BBQ luncheon topped off by homemade ice ...
(Date:5/18/2013)... American Gastroenterological Association (AGA) Research Foundation is pleased ... honorees are outstanding young gastroenterologists working toward independent ... with this award, their research time will be ... future of our field. AGA is committed to ... for promising research developments and new therapies," said ...
Breaking Medicine News(10 mins):Health News:Green Acre Aquaponics Introduces a Revolutionary Approach to Farm Education and Commercial Aquaponics 2Health News:Green Acre Aquaponics Introduces a Revolutionary Approach to Farm Education and Commercial Aquaponics 3Health News:How To Increase Memory Power | How “Agora Health Limited” Helps People Improve Their Memory Naturally And Effectively – Health Review 2Health News:Actors, Models and Talent for Christ Hosting Auditions in Columbus, GA June 1st in Search of Local Talent 2Health News:Metro East Affordable Assisted Living Community to Host Memorial Day Weekend Barbecue 2Health News:AGA Research Foundation Research Scholar Awards advance the work of promising gastroenterologists 2
... ... times of economic woes, budgets are tightening, banks aren,t lending and ... for most people, and businesses are cringing at the sound of ... by the economic downturn, and still others are continuing to experience ...
... ... Express discover a better alternative in online appointment software. , ... Scottsdale, AZ (PRWEB) October 21, 2009 -- ... nearly 50% market share for businesses. Many Outlook business users are service providers ...
... ... San Francisco, California , ... October 21, 2009 -- Halloween is becoming one of the most dangerous nights of the year ... fatalities rises 30 percent when Halloween is on a Friday, Saturday, or Sunday. , , , ...
... ... and performance , ... (Vocus) October 21, 2009 -- Aprima Medical Software (originally iMedica), a leading developer ... its compatibility with Microsoft Windows 7 (32 and 64 bit PCs), due out for release ...
... CNA,s Planned Oct. 30 Strike is About Contract Negotiations, Not ... California Hospital Association (CHA) is engaged with hospitals and state ... to ensure that all hospital workers -- including registered nurses ... caregivers are on the front lines in responding to the ...
... Oct. 20 Nationwide Health Properties, Inc. (NYSE: NHP ... third quarter results on Monday, November 9, 2009, before the ... The Company will host a webcast and conference call on ... p.m. Eastern Time) to discuss these results. , The webcast ...
Cached Medicine News:Health News:Apple Vending is a Strong Growth Segment Despite Tough Economic Times 2Health News:Apple Vending is a Strong Growth Segment Despite Tough Economic Times 3Health News:Microsoft Outlook Users Turn to Appointment-Plus for Online Customer Appointment Scheduling and Business Management 2Health News:Microsoft Outlook Users Turn to Appointment-Plus for Online Customer Appointment Scheduling and Business Management 3Health News:Drunk Drivers Scarier Than Ghosts and Goblins This Halloween 2Health News:Drunk Drivers Scarier Than Ghosts and Goblins This Halloween 3Health News:Aprima 2009 First Electronic Health Record and Practice Management System to Announce Support for Microsoft Windows 7 2Health News:California Hospitals Urge Nurses Union to Stop H1N1 Scare Tactics 2Health News:NHP Announces Third Quarter Earnings Release Date and Webcast/Conference Call 2
... reference laboratory and a worldwide leader in ... an extensive test menu of highly complex ... anatomic pathology. Owned by the University of ... half of the nation's university teaching hospitals ...
... Laboratories is a national reference laboratory and ... and development. ARUP offers an extensive test ... tests in clinical and anatomic pathology. Owned ... clients include more than half of the ...
... ARUP Laboratories is a national reference ... laboratory research and development. ARUP offers an ... unique medical tests in clinical and anatomic ... ARUP Laboratories' clients include more than half ...
... ARUP Laboratories is a national reference laboratory ... research and development. ARUP offers an extensive ... medical tests in clinical and anatomic pathology. ... Laboratories' clients include more than half of ...
Medicine Products: