The Dispensing Solution

Medbox Lockbox

Stock Quote

PINK:MDBX

Medbox Inc (MDBX)

Last value
23.25 on Apr 23, 3:58PM EDT
Change
+0.66
52 week
8.11 - 93.50
Volume
36,803.00
Average volume
67,915.00

 

Welcome to Medbox! Our Company features patented systems that dispense medication based on biometric identification (fingerprint sample). Our newly designed systems allow pharmacies, assisted living facilities, prisons, hospitals, doctors’ offices, and alternative medicine clinics to help manage employee possession of sensitive drugs. In a retail environment typical in most alternative medicine clinics, the system also allows these clinics to document that the user is a registered patient and that the patient has a valid and unexpired authorization from a physician to possess and use the medicine dispensed. Each transaction is tracked internally for accounting and compliance purposes. Patient information is all kept securely onsite and is not online as the software is completely self-supportive and does not require an internet connection. In alternative medicine clinics, the machine sits behind the counter, is not accessible by the consumer, and is at the control of the clinic employee as an inventory management and compliance tool.

Alternatively, the MDS machines are used in assisted living facilities, prisons, and urgent care centers directly by nurses and authorized staff. Once at the machine, authorized personnel gain access by simply swiping their registration card, verifying their fingerprint, and choosing the medicine they need. Medicines are dispensed in a variety of doses in a temperature controlled environment as the MDS machine has ample room for various sizes of medicine vials as well as slight refrigeration when needed. All medicines are dispensed in standard pharmaceutical vials or customized packaging, as needed, through the MDS machine.

Medbox, through its subsidiaries, offers turn-key consulting services to the pharmaceutical industry. The Company also provides consulting services to individuals and groups seeking to establish new clinics and facilities, often in jurisdictions that have recently passed legislation concerning the availability of alternative medicines as well as existing jurisdictions, nationwide.

Medbox also engages in the following ancillary services catered to the alternative medicine industry: merchant services and armored transport for cash deposits, cannabidiol R&D, real estate acquisitions and subsequent lease programs to alternative medicine dispensaries, and also alternative medicine dispensary management services.

We have been awarded United States & Canadian Patents concerning the software and hardware related to our medicine dispensing machine. Our company’s founder has appeared in interviews with CNN, ABCNews, Reuters, Associated Press, NPR, and has been featured in articles appearing in Newsweek, Los Angeles Times, and the Wall Street Journal, as well as over 30 other news agencies around the world concerning our cutting-edge products and services.

Our products ensure:

  • Inventory control which translates to lower overhead for operators,
  • Temperature controlled storage of medicine,
  • Fraud prevention as every transaction is documented,
  • Guaranteed compliance to state and local laws,
  • Unparalleled accounting and tracking which translates to proper taxation reporting.

 

Our Company does not engage in the production, sale, or marketing of any products dispensed through our machines.

 

Testimonials from our clients and shareholders:

Dear Vincent Mehdizadeh,

As 2013 is drawing to a close, I am realizing that I need to say a few words to thank you for the opportunity you have provided me by being an investor in MDBX.

When I initially spoke to you and decided to put my trust and faith in a young man with a bold idea, it was mid 2010 and I had no idea if you were going to be able to pursue the path you had planned, to make this business to a profitable enterprise. Nervously I agreed to invest a (for me) substantial amount of money.

Throughout that year and the following I happily discovered that you were good for your word, and that indeed due to your hard work and insight, the company actually made a profit from the start and continued to grow, even if the beginnings were tough and full of problems.

You paid me dividends and kept me informed quarterly. When the transformation to MDBX occurred the business exploded. I would like to thank you for all that you have done to make this into the huge success that it has become today. You fought, rolled with the punches, and showed remarkable resilience and were able to change and adapt in a fast-paced developing business.

I thank you and applaud you for your hard work and ingenuity that you have shown for this company!!

Sincerely,
Pat Dellow, California
Shareholder

I contacted what was then Vincent’s private company, Medicine Dispensing Systems, back in 2011 so I could get started in the MMJ industry with a leader. Vincent has ushered me through every step of my desire to operate a new business and I credit him and Medbox with getting my small group of partners a dispensary license in Arizona. I couldn’t have done it without him and his expert team. In fact, when the Arizona government challenged the dispensary program and licensing was halted for a year, Vincent gave me a personal loan of $7,000 in order to help me and my family out as we had invested most of our money into the new business and were not expecting the circumstances beyond everyone’s control occurring at that moment. Vincent didn’t have to do that but that’s why Vincent is as successful as he is. He always tells me that in life people should pay it forward and not expect anything in return. Well, I can safely say that Vincent deserves all the success. He has worked hard for it!

L. Anderson – Arizona – Benson Management Services, LLC
Client

Often times in business, there are situations that arise that require a great deal of effort to resolve. A business can either be part of the problem or put forth the effort, creativity and resources to solve difficult situations. This past year I was faced with one of those difficult problems. I contacted my Medbox rep who put me directly in contact with senior level management who were able to quickly resolve my problem and get an agreement signed and on my desk within 24-hours. Medbox makes sure they are part of the solution, not the problem.

Kent N. – California
Client

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