IMD Companies Inc. Accepts $1-Million-Plus Private Placement


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PK:IBCU / OTC:BB:TRTC / OTC:BB:VEND / OTC:BB:RFMK
03/26/2014 [ACCESSWIRE]

IMD Companies Inc. (OTCPINK: ICBU) stock volume surged on Mar. 25, with more than 19,194,996 shares changing hands, nearly five times its three-month average volume of 4,402,917 shares.

This major uptick in volume comes on the heels of the Mar. 20 news that the Tampa, Fla.-based medical-marijuana company agreed to accept a $1 million-plus private placement investment from Irwin "Izzy" Zalcberg, a well-known distinguished accredited Small Cap investor with a large rolodex of connections in the upper echelon of the corporate world. 

Just Over $1 Million

The company has already received the first round of investment from Izzy. The total investment commitment from Zalcberg to ICBU is just over $1 million. Izzy has verbally committed additional funds if the company has the need of them for future acquisitions or joint ventures.

"Mr. Zalcberg has obviously recognized the unique opportunity and value of our company in the early stages of our progress to provide new innovative technologies and products in the legalized marijuana industry," said IMD's President Larry Robertson. "We feel that with our newly acquired acquisitions of R-Quest Hydroponics from (OTC Pink: EXMT) and Green links, that we have an excellent base to grow our revenue stream," he added.

On Mar. 25, ICBU's share value closed at 14 cents, down 3 cents from its closing share value of 17 cents the previous day.

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Terra Tech Corp Enters Medical-Marijuana Business in Oakland, California

In other news, Calif.-based Terra Tech Corp. (OTCQB: TRTC), a company that provides hydroponic equipment for legal-marijuana growers, stock volume continued to be robust Mar. 25 with 3,200,813 shares changing hands.

Entering Medical Marijuana Business

The ongoing high volume is being fueled in part by Terra Tech's March 24 announcement that    it is developing a research and industrial extraction facility focused on the medical cannabis market. The facility will be located in Oakland, CA and is being built in response to what the company views as an increase in demand for high grade CBD as well as other botanical extracts.

As a first step the company has purchased a custom 20 liter 5,000 PSI supercritical CO2 extractor from Eden Labs.

The extractor is designed for botanical and nutraceutical extractions and will be utilized to extract CBD in an effort to have complete control and consistency as they continue to work with Inergetics in the creation of a CBD-based nutritional supplement.

Cannabis Permit 

This is just the latest move made by the company to firmly establish itself in the medical marijuana market.

On Jan. 29, Terra Tech Corp (through their subsidiary GrowOp Technology, said it formed a team focused on competing for permits to operate cannabis businesses within the state of Nevada. The team is to be headed by former principal lobbyist for the ACLU at the Nevada state legislature Rebecca Gasca, according to the release.

Hires Heavy-Duty Lobbyist

Gasca is CEO of Pistil and Stigma, a values-driven community and government relations firm that focuses on legislative change, public policy, program development, fundraising, advocacy and public relations. She is former Rotary International Goodwill Ambassador to Chile and recently served as a U.S. State Dept. Legislative Fellow to Nepal. In Nevada, she has lobbied successfully on hundreds of pieces of legislation and her firm worked closely on the medical marijuana dispensary legislation that was signed in to law by Republican Governor Brian Sandoval.

"We aligned ourselves with Rebecca due to her history of expertise in helping shape socially responsible legislation," Terra Tech Corp CEO Derek Peterson, said in a written statement.  "She has been on the ground floor in Nevada since the inception of their medical cannabis dispensary bill and was instrumental in its formation. She is heading our team and assisting us in the formation of our applications," he added.

On Mar. 25, TRTC's share price closed at $1.03, down 1 cent from its close of $1.04 cents the previous day.

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Fresh Healthy Vending Expands into the Health-and-Fitness Sector

Meanwhile, Fresh Healthy Vending International, Inc. (OTCQB: VEND) share volume has made a foray into the health-fitness sector.

Vending Franchisees Expanding

The San Diego-based vending machine company recently announced that it had secured locations for 58 healthy snack machines across the country in February; of that number, 23 are in businesses that teach and support health and fitness.

Securing locations where franchisees will install their machines are part of the company's franchise services. The fast-growing franchisor provides a variety of prime locations for its machines and has determined prime placements to yield optimal performance.

Many of the February locations secured are in health and fitness facilities such as Boy and Girls Club in Brockton, Mass.; Strong Martial Arts in Richmond, Texas; Dance City & the Arts in Southington, Conn.; Swim Jim in Houston, Texas and Lake Park YMCA in Lake Park, Ga.

Recent federal and other mandates for healthy foods for America's youth have also been a factor in the heightened demand for healthy snack options. The company continues to grow its footprint in public, charter and private middle and high schools, libraries and museums, Boys and Girls Clubs and YMCAs.

Additional new locations in February include South Point High School in Phoenix, Ariz.; Pendleton Heights Middle School in Pendleton, Ind.; Apple Store in Santa Rosa, Calif.; Shipman Technologies in Durham, N.C.; East Lake Community Library in Palm Harbor, Fla. and VA Medical Center in New York, N.Y. These types of locations have seen increased product sales where quality food choices are readily available for patients, visitors and staff around the clock.

Additional $500,000 Cash Infusion

On Feb. 27, Fresh Healthy Vending announced that it has raised additional capital through the issuance of senior secured promissory notes to three investors in the aggregate principal amount of $501,000.

The proceeds from this issuance will be used principally to provide general working capital which may be utilized in support of the proposed acquisition of certain micro-market assets from Corporate Refreshment Services, LLC and initial further placements of micro-market installations that will comprise the first phase of expansion for the Company's corporate-owned micro-market business.

On Mar. 25, VEND shares closed at $3.59, up 40 cents from its closing price of $3.19 the previous day.

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Rapid Fire Marketing Now Fully Reporting and Listed on OTCQB

Finally, Cannabis vapor inhaler maker Rapid Fire Marketing (OTCQB: RFMK) stock volume continued to soared Mar. 25, with 529,735,712 shares changing hands, more than three times its three-month average of 159,276,200 shares.

The surge in stock volume for the second day in a row is being triggered by Rapid Fire Marketing's Mar. 20 announcement that the Carson City, Nev.-based company is fully reporting and is now listed on the OTCQB.

OTCQB companies must be registered with and reporting to the SEC.  Rapid Fire Marketing has now obtained the services of a Market Maker to file, or essentially "sponsor", the Company onto the Over the Counter Bulletin Board (OTCBB). As previously announced, the company will be applying for a name and ticker symbol change with FINRA.

"This has been a long and arduous journey, but we have finally arrived as a fully reporting Company with the SEC." said Rapid Fire Marketing's CEO Tom Allinder, said in a written statement. "Now the real work begins in building a diversified stream of income into this Company. I want to thank our shareholders for their patience as we moved through this process that took the better part of two years," he added.

On Mar. 25, RFMK's share price closed at 8 cents, down 3 cents, from its closing price of 11 cents the previous day.

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