Related ecig corporate news in the industry (it does not appear this was posted previously, somewhat interesting) :
http://www.thcbiz.com/news/company-press/1716...ction.html
"HOLLYWOOD, Calif. — Medbox, Inc.(MDBX) announced yesterday acquiring 100% of Vaporfection International Inc., manufacturer of Vaporfection advanced herbal delivery vaporizer 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.
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As a Medbox company, we will be able to rapidly reach our business goals, and are projecting Vaporfection revenues to exceed $4 million, with EBITDA exceeding $1.5 million over the next 12 month period.”
In other matters, Medbox is in the final stages of its internal audit of prior year’s financials, in anticipation of filing its Form 10 in the latter part of March or first week of April."
http://www.thcbiz.com/news/company-press/1643...-firm.html
"HOLLYWOOD, Calif. — Medbox, Inc. (MDBX), announced that the company has executed a $6 million equity transaction with a private investment firm. The transaction involves a restricted stock purchase directly from the company at market rate as of January 17, 2013 for $5 million and the remaining $1 million stock purchase at a nominal discount to market. The shares issued are considered a long-term investment for the firm that specializes in funding up-and-coming companies. The investment firm has made an initial payment to Medbox and is scheduled to complete funding of the transaction by May 2013.
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The instant transaction, along with other opportunities currently being investigated by Medbox management, provides alternative acquisition funding sources in lieu of the company’s founder selling affiliate shares into the market in order to fund expansion. To date, the company reports that the founder has not liquidated any shares into the public market. In addition, based on advice from counsel, affiliate shares cannot be sold publicly for 90 days after the company files its Form 10 with the SEC to become fully reporting. With the Form 10 on pace to being filed next month, the company has decided to seek out more traditional funding sources in lieu of founder funded expansion.
“Although we have an aggressive acquisition schedule for this year, the $6 million equity transaction, other viable transactions that have been presented to the company, and the company’s earnings, will allow us the capital we need to go after any viable acquisitions as well as explore opportunities within our company to boost revenues in our existing market segments,” stated Dr. Bruce Bedrick, CEO of Medbox.The company also announced that it is on pace to have its best financial performance quarter in company history in Q1 2013 and is in the process of closing 4 acquisition targets within Q2 2013 that have executed term sheets with Medbox."
From RFMK Annual Report :
" The Company has commitment for $1,500,000 in financing from Ironridge Global , an international fund , in the form of preferred equity purchase, with the first tranche of $50,000 dueand payable in March 2013, with 29 subsequent monthly tranches thereafter of $50,000 ."
http://www.thcbiz.com/news/company-press/1704...rizer.html
" In addition, we have begun negotiations with other vaporizer companies to explore ways of working through joint marketing agreements. As I mentioned in my update a couple of weeks ago, we need to expand our business to either joint venture or acquire ‘hot’ items in the medical cannabis industry – which includes a lot more than just vaporizers. As soon as we are fully reporting, we will have the capital to expand and broaden Rapid Fire Marketing’s business significantly ,” Allinder concluded."
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$RFMK
