On Apr. 11, MediSwipe Inc. (OTCQB: MWIP) announced that it has expanded its corporate presence in Denver, Colorado to now include 7,500 sq. ft. of office space for a multi-year term.
The West Palm Beach, Fla.-based company’s new offices are located within the Cherry Creek subdivision and it office complex will include sharing the space with an established, Colorado based oncology clinical trial and drug testing company and facility presently doing cancer research and testing for established pharmaceutical companies seeking FDA approval for new drugs.
"We have obviously begun to make a substantial commitment and investment within the state of Colorado with our previously announced agreements for ownership interests of approximately one-hundred and sixty acres zoned for agricultural use and the build out of our two managed green house facilities," said MediSwipe’s CEO B. Michael Friedman, in a written statement
On Apr. 11, MWIP share price closed at 34 cents, down 2 cents from the previous day’s share price of 32 cents, on volume of 1,232,393 shares.
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Cannabis Science Inc.’s Foray into Nevada Fueled by New Medical Marijuana Opportunities
Meanwhile, cannabis-based pharmaceutical company Cannabis Science Inc. (NASDAQ OTC: CBIS) said it plans to enter the State of Nevada where a new law will expand medical cannabis opportunities for research, growth and the opening of more dispensaries.
Cannabis Science has already created a partnership in Michigan to advance state cannabis law and pursue state-wide initiatives in Michigan. The Colorado Springs, Colo.-based company intends to bring its knowhow and resources to Nevada, the state of Cannabis Science's Incorporation.
According to the company, the new Nevada law marks another milestone in the progression in the legalization process of the medical cannabis industry in the United States -- one that is aimed at ways of managing multiple ailments for patients.
In addition, the new law is expected to contribute to the creation of new sources of revenue and employment opportunities within the state. Cannabis Science is well positioned to bring novel patient-based initiatives to Nevada.
This is just the latest positive news company from the company. On Mar. 18 announced it had finalized a $1,000,000 private placement and that the funds from the transaction were already in the bank.
The investors included Weedmaps Media Inc., the world's largest online guide for medical cannabis patients, and an unnamed Amsterdam-based investment company.
On April 11, CBIS’ share price closed at 11 cents, down 1 cent from its closing price of 12 cents the previous day, on volume of 12.5 million shares.
Medbox Inc. Forms 6 Subsidiaries to Better Serve Legal Marijuana Business
In other news, Hollywood, Calif.-based Medbox Inc. (OTCPINK Markets: MDBX), a maker identity-verifying medical-marijuana dispensers, announced it is forming 6 new subsidiaries to serve the legal marijuana business.
Medbox has formed subsidiaries in marijuana research and development, real estate investments, dispensary management, banking, armored car transport and strategic investments in other public companies that have shown promise in the ancillary service sector of the burgeoning marijuana industry.
The new subsidiaries are:
-Medbox CBD Inc., specializing in hemp-oil concentrates and development of pharmaceutical products derived from cannabis to produce and distribute products based upon lifting of federal prohibitions of such activities.
-Medbox Property Investment Inc., specializing in real property acquisitions and leases to dispensaries and cultivation centers.
-Medbox Management Services Inc., specializing in dispensary management services to state licensed dispensaries for cultivation, dispensing, and marijuana infused products (MIPS).
-Medbox Banking Inc., specializing in banking transactions with prepaid debit cards, convenience checks, and cash depository needs for operators.
-Medbox Armored Transport Inc., specializing in armored car transport of cash from Dispensaries to participating banks.
-Medbox Investments Inc., specializing in investments and strategic partnerships in other public companies in the marijuana ancillary service sector that Medbox believes are viable and have growth potential.
"We are all witnessing the birth of a new industry and with that comes amazing opportunities for the companies that are properly positioned to take advantage of trends and leverage that into value," said Vice President of Medbox Matthew Feinstein, in a written statement. "While we are all focused on our core consulting and equipment sales, we would be remiss if we didn't capitalize on these opportunities presenting themselves on a daily basis it seems," he added.
The company is still focused on its existing subsidiaries of:
Medicine Dispensing Systems, Vaporfection International, Medbox Rx, and Medbox Technologies Ltd. (Canadian Corporation). Company executives report that all other subsidiaries not currently in use by the company shall be dissolved.
On Apr. 11, MDBX shares closed at $23.00, down $2.50 from its closing price the previous day of $25.50.
Finally, Tranzbyte Corp. Launches American GreenZine for Marijuana Growers and Consumers
Tranzbyte Corp. (OTCPINK: ERBB) on Apr. 3 launched American GreenZine, an online publication it’s designed to report on the legal-marijuana industry, from the grower and consumer’s perceptive.
According to the Tempe, Ariz.-based company the new online magazine will use real-time web activity of topical influencers to surface the best content on any subject. The American GreenZine publication is scheduled to begin operating Fri., Apr. 4 at 8:20am EDT.
"With every passing day more news and articles come out about this industry, but they are located in 1000 or more different places, and many of the stories are musings by pundits who may know much or nothing at all about the industry. By aggregating and organizing the information, we provide a portal through which people can get all the news they want and filter it on their own," said David Gwyther, Tranzbyte's president.
This is just the latest chapter in Tranzbyte’s many marijuana-related business ventures.
On Mar. 21, the company announced that it signed a Letter of Intent to form a strategic partnership with Abattis (OTC Pink: ATTBF).
Under terms of the agreement, the companies will sell and market or otherwise license one another's products in their respective regions. Once the arrangement is completed, Tranzbyte will have access to Abattis’ expanding suite of bio-ceutical grow products found in the Biocube Green Grow Systems for cultivation (LED's, Nutrients - Natures Juice).
In addition, Abattis owns proprietary flash freeze extraction technology, which produces high-grade cannabis and other botanical extracts. Conversely, Abattis will have the Canadian rights to distribute ZaZZZ(TM) and will pair Tranzbyte's Jurassic O2 water systems with its Biocube Green Grow Systems sales efforts in the US.
On Apr 11, ERBB’s share price closed at 6 cents, unchanged from its closing price og the previous day, on volume of 79.5-million shares.
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