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Medbox Signs Ad Deal With Entrepreneur Magazine
Date:3/8/2013

ology at pharmacies)
  • Commenced acquisition discussions with 4 additional targets in related businesses to Medbox
  • Recorded first balance sheet with over $1 million in cash reserve on hand
  • Recorded 34% EBITDA margin in 2012 financials
  • Appeared live on Fox Business Channel, Bloomberg, Huffington Post Live, and CNBC
  • Commenced building up to 30 dispensaries in San Diego for new and existing consulting clients
  • Began consulting and technology sales in Massachusetts, Connecticut, Colorado, and Washington regarding new canna-business setups.
  • Secured a $6 million equity transaction with a private investment company ($1 million paid to date and another $5 million to be paid by May 2013).
  • Founder and majority shareholder, Vincent Mehdizadeh , caused a board resolution to be signed allowing for 612,000 in common shares and a 3,000,000 preferred shares to be placed back to treasury for the company. These shares, which were in Mr. Mehdizadeh's possession, were given back to the company and cancelled to assist with acquisition activity without diluting existing shareholders.

    • About Medbox, Inc: 

    Medbox is a leader in the development, sales and service of automated, biometrically controlled dispensing and storage systems for medicine and merchandise. Medbox has offices throughout the world, including New York, Arizona, Connecticut, Massachusetts, Tokyo, London and Toronto, and has their corporate headquarters in Los Angeles.

    Medbox provides their patented systems, software and consulting services to pharmacies,
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    SOURCE Medbox, Inc.
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