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Last $0.16 USD
Change Today -0.086 / -34.40%
Volume 12.7M
MDBX On Other Exchanges
Symbol
Exchange
OTC US
As of 5:20 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

medbox inc (MDBX) Snapshot

Open
$0.26
Previous Close
$0.25
Day High
$0.26
Day Low
$0.13
52 Week High
10/29/14 - $15.20
52 Week Low
08/20/15 - $0.05
Market Cap
11.9M
Average Volume 10 Days
6.9M
EPS TTM
$-0.96
Shares Outstanding
72.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MEDBOX INC (MDBX)

medbox inc (MDBX) Related Businessweek News

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medbox inc (MDBX) Details

Medbox, Inc., together with its subsidiaries, provides medical dispensing systems and medical vaporization devices primarily in Arizona, California, Nevada, Illinois, Oregon, and Washington. It provides Medbox dispensing system that is intended for the control and dispensing of medical marijuana; and specialized consulting services to the marijuana industry. The company offers its vaporizer line of products under the miVape, vivape, vaporfection, aqua vape, vaporsense, and vaporglass trademarks. It also specializes in real property acquisitions and leases for dispensaries and cultivation centers. In addition, it offers turnkey solutions that assist with licensing and compliance, site selection, design and permitting, safety and security, build-out, and operational oversight. The company sells its vaporizer products directly to state licensed dispensaries, as well as through online and distribution partners. The company was formerly known as MindfulEye, Inc. and changed its name to Medbox, Inc. in August 2011. Medbox, Inc. was incorporated in 1977 and is headquartered in West Hollywood, California.

5 Employees
Last Reported Date: 05/22/15
Founded in 1977

medbox inc (MDBX) Top Compensated Officers

Chief Financial Officer
Total Annual Compensation: $39.6K
Compensation as of Fiscal Year 2014.

medbox inc (MDBX) Key Developments

Medbox, Inc. Enters an Agreement with the State of Washington on the Opening of New Marijuana Dispensary

Medbox, Inc. announced it has entered the state of Washington, with an agreement to consult on the opening of a new marijuana dispensary. Under the agreement, Medbox will provide specialized consulting services to the principals and operators of the Fweedom Collective medical dispensary in Seattle for the opening of a new 502 recreational retail dispensary in Mt. Vernon, WA. The new dispensary is scheduled to be operational in the first half of 2016. In addition to having procured the new location, Medbox will provide the owners with both pre- and post-opening services, including advising on regulatory compliance, security, training, IT and associated matters. The dispensary, which is expected to sell the new personal vaporizer-miVape-which is produced by Medbox's Vaporfection subsidiary, will be under the exclusive supervision and control of the Fweedom owners.

Medbox, Inc. Purchases 320-Acres of Agricultural Land in Pueblo, Colorado for Approximately $5 Million

Medbox, Inc. announced that it has closed escrow, completing the previously announced agreement on the purchase of 320-acres of agricultural land in Pueblo, Colorado for approximately $5 million. The company also reported that it is in late stage discussions with local licensed growers, initially for the cultivation on the property of hemp plants, followed by marijuana, and has selected and is in final negotiations with a general contractor for the build-out. Cultivation of hemp is expected to begin during the third quarter of 2015, with the initial harvest by the end of this year. Plans call for growing and harvesting the first crops of marijuana for sale by the grower directly to dispensaries during the first half of 2016. Under terms of the land-purchase agreement, Medbox made a $500,000 down payment. The remaining $4.5 million is being financed.

Medbox, Inc. Announces Executive Changes

Medbox, Inc. announced that Jeff Goh has been promoted to President and interim Chief Executive Officer. Goh, has been Chief Operating Officer of the company since April 2015 and prior to that served as a consultant since August 2014. He brings to the company more than three decades of relevant experience in executive management capacities with Frito Lay (PepsiCo) and Procter &Gamble, as well as helping smaller companies scale their business models. Immediately prior to joining the company, Goh was CEO of Heart Brand Foods. In his added roles at the company, Goh succeeds Guy Marsala, who joined the company in July 2014.

 

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American Cannabis Co Inc $0.16 USD 0.00
Americann Inc $0.51 USD 0.00
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Valuation MDBX Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 21.0x
Price/Book NM Not Meaningful
Price/Cash Flow NM Not Meaningful
TEV/Sales 26.3x
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