Navigation Links
Medbox Updates Financial Projections
Date:11/23/2012

HOLLYWOOD, Calif., Nov. 23, 2012 /PRNewswire/ -- Medbox, Inc. (Ticker: MDBX) (www.medboxinc.com), updated their financial projections for the periods through 2016. The move came after the recent votes in the states of Colorado and Washington to legalize marijuana, and a flood of requests for assistance came into Medbox from operators and potential operators in those states, looking for guidance on how to run a successful, legal and fully compliant business in this newly opened industry. As the national leader in providing consulting services and products to the medical marijuana industry, Medbox is poised to significantly increase revenues due to these recent voter referendums.

Additionally, Medbox is targeting a new market niche, by providing their patented medicine dispensing systems to hospice care institutions. The company also provides products and services to the traditional retail pharmacy industry.

Accordingly, company management adjusted their long-term financial projections upward to reflect this new business environment.  

The revised projections show over $6 million in increased revenue for fiscal year end 2013 (from $10.7m to $16.9m), with subsequent increases through the next 3 years, culminating in a leap from initial projections of $48.6 million by end of fiscal year 2016 - up to a hefty $72.7 million.

Dr. Bruce Bedrick, CEO of Medbox, Inc., stated that revised projections are still conservative and reflect modest expectations of company growth. "We are in the right business, at the right time, with the right products and the right services," Bedrick commented. "Our anticipated growth is happening faster than initial forecasts, but is completely in line with market conditions and demand."

The updated projections, along with other company news, can be found at:  
http://www.thedispensingsolution.com/news

For more information, contact Medbox Investor Relations at: (800) 762-1452.

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, dispensaries, urgent care centers, drug rehab clinics, hospitals, prison systems, hospice facilities, and medical groups worldwide.

Medbox, Inc. is a publicly traded company, and is listed on the OTC Board, ticker symbol MDBX.

For more information on Medbox, please contact the Medbox Investor Relations Department at (800) 762-1452 or go online to www.thedispensingsolution.com.  


'/>"/>
SOURCE Medbox, Inc.
Copyright©2012 PR Newswire.
All rights reserved

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. Medbox Responds to Unprecedented Rise in Stock Price
9. Neuralstem Updates ALS Stem Cell Trial Progress
10. Anthera Updates Phase 3 Plans Following Results from the Phase 2b PEARL-SC Dose Ranging Study of Blisibimod
11. TPI Provides Further Updates on its GMOL Flagship Product
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/20/2017)... , January 20, 2017 Avillion LLP, ... appointment of Mark Weinberg , MD MBA as Chief Medical ... , USA . ... Dr Weinberg has spent more than 17 years ... 20" pharma companies to micro-cap biotech. Over the course of his ...
(Date:1/19/2017)... YORK , Jan. 19, 2017 Report ... Ophthalmic Devices Market? Which areas are going to grow ... potential revenues to 2026, assessing data, trends, opportunities and ... and graphs. Discover the most lucrative areas in the ... lets you assess forecasted sales across the all the ...
(Date:1/19/2017)... 2017 Conference Call and Webcast to Follow ... it will release results for the fourth quarter of 2016 on ... ... call at 4:30 PM ET on Wednesday, February 15, 2017, during ... financial results and other corporate activities. To participate in the conference ...
Breaking Medicine Technology:
(Date:1/20/2017)... ... January 20, 2017 , ... ATP Science, an Australian-based ... recently attended the January ECRM Trade Show in Hilton Head, SC, benefiting from ... large range of supplements that keep the body functioning at its peak performance ...
(Date:1/20/2017)... ... , ... Michael and Betsy Brauser celebrated 5 years of Betsy’s participation in ... has been life-saving as she has been on the trial for more than ... with ovarian cancer in 2009. She underwent standard chemotherapy but a year later went ...
(Date:1/20/2017)... ... January 20, 2017 , ... Vitamin Well has launched two ... drinks have been produced in collaboration with Zlatan Ibrahimovic and have been developed ... After a successful launch in Sweden last year, the next generation sports drinks ...
(Date:1/20/2017)... ... January 20, 2017 , ... “The Angel”: a heartwarming ... set out for each of his children. “The Angel” is the creation of published ... in New York City, and impassioned writer. , When asked of her new book, ...
(Date:1/20/2017)... ... ... fine examination of how God handles sin, including how to let go of lingering guilt ... over ten long years has been waiting to release this powerful insight about forgiveness that ... serving the Lord for over twenty years, and he has been preaching and teaching the ...
Breaking Medicine News(10 mins):