Key Developments: Medbox Inc (MDBX.PK)

MDBX.PK on OTC Markets Group

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18 Sep 2014
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Latest Key Developments (Source: Significant Developments)

Medbox secures financing to fund growth
Monday, 28 Jul 2014 08:50am EDT 

Medbox Inc:Entered into a securities purchase agreement with accredited investors.Pursuant to which the company agreed to sell, and the investors agreed to purchase, in a private placement transaction, convertible debentures in the aggregate principal amount of $3,000,000, in three tranches, each in the amount of $1,000,000.Initial closing under the Purchase Agreement, for Debentures in the aggregate principal amount of $1,000,000, occurred on July 21.Intends to use the net proceeds to accelerate the development and growth of its current business pipeline in key target markets within the U.S. In addition.  Full Article

Medbox appoints Marsala as CEO, President and Chairman
Thursday, 24 Jul 2014 09:00am EDT 

Medbox Inc:Appointment of Guy Marsala as CEO, President and Board Chairman.Marsala will also immediately become the CEO and President of the company's two primary operating subsidiaries of Medicine Dispensing Systems and Vaporfection International Inc.  Full Article

Medbox Inc announces formation of six new subsidiaries
Tuesday, 8 Apr 2014 09:00am EDT 

Medbox Inc:Announces forming of six new subsidiaries.Says it has formed subsidiaries in marijuana research and development, real estate investments, dispensary management, banking, armored car transport, and strategic investments in other public companies.Subsidiaries are Medbox CBD, Inc, Medbox Property Investments, Inc, Medbox Management Services, Inc, Medbox Banking, Inc, Medbox Armored Transport, Inc and Medbox Investments, Inc.  Full Article

Medbox Inc names chief financial officer
Thursday, 13 Feb 2014 09:00am EST 

Medbox Inc:Names Thomas Iwanski as chief financial officer.  Full Article

Medbox Inc issues special stock dividend to shareholders
Monday, 3 Feb 2014 01:00pm EST 

Medbox Inc:Says issuance of a common stock dividend.The 100 pct stock dividend issuance will have a record date of Dec. 18, 2013, and a pay date of Feb. 3.  Full Article

Medbox Inc Acquires Vaporfection As Wholly Owned Subsidiary
Monday, 25 Mar 2013 09:01am EDT 

Medbox Inc announced acquiring 100% of Vaporfection International Inc., manufacturer of the Vaporfection vaporizers - recognized as the advanced herbal delivery systems. The deal involved issuance of 260,864 MDBX stock warrants that can be exercised at a later date at the election of the prior operating company, Vapor Systems International, LLC.  Full Article

Medbox Inc Acquires 50% Of MedVend And Patented Technologies
Friday, 15 Mar 2013 08:45am EDT 

Medbox Inc announced that acquiring a 50% partnership stake in MedVend, LLC a Michigan based bio-tech company that developed a patented automated medicine dispensing machine used for traditional prescription pharmaceutical dispensing. The deal involved cash and a restricted stock component totaling up to $5,150,000. The amount includes a $300,000 capital infusion and additional loans if needed for operating expenses into a jointly controlled new corporation (MedVend, Inc.) that will operate the business on a going forward basis. Besides infusion capital and other such loans, any equity payments included within the deal may be paid in cash or issuance of restricted MDBX common stock, at Medbox's sole discretion, after one year from execution. The Company has exclusive rights to Patent Number US7689318, an asset jointly owned by Medbox.  Full Article

Medbox Inc Announces Plans For New Division
Thursday, 18 Oct 2012 08:12am EDT 

Medbox Inc announced a new division and product line for 2013. Within the next few weeks, the Company will spin off a new division called Medbox RX, to focus on the pharmaceutical sector. Medbox RX will offer their medication storage and retrieval systems, and automated medicine dispensing units to pharmacies, assisted living facilities, prisons, hospitals, urgent-care centers, doctors' offices, and retail chains. The Company is developing three new systems that will be marketed exclusively by Medbox RX. These systems will all employ Medbox's software and patented biometric fingerprint recognition technologies.  Full Article

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