imd cos inc (ICBU) Key Developments
IMD Companies, Inc. Receives $500,000.00 Short Term Funding Commitment from Private Investment Group
Jul 24 14
iMD Companies, Inc. announced that a group of accredited investors has signed an agreement to invest up to $500,000.00 specifically targeted at growing the company's core Gardening business. The initial tranche of $25,000 has already been advanced and the remainder will be distributed based on the needs of the "core" business. The investment will fall under Rule 144 and will be described in detail in the company's audit, which the company believe will be completed, by the end of August. In addition, the company is in the process of closing new strategic acquisitions, which will provide vertically integrated growth. After searching for other acquisitions that would be similar to that of Lumz and Blooms, management feels that an investment into the core competency of the business would create a better "return on investment" for shareholders. Management and the Accredited Investors have put a lot of faith into the Vice President of Sales and Marketing, Jim Filkins, and believe that given his knowledge and contacts within the business, capital would be better invested directly to the company rather than by acquisition. The company is fully dedicated to grow its core business while making key acquisitions of profitable companies that can be vertically integrated.
iMD Mulls Acquisitions
Jul 24 14
IMD Companies, Inc. (OTCPK:ICBU) intends to pursue acquisitions. iMD has received an investment of up to $0.5 million. The company is in the process of closing new strategic acquisitions, which will provide vertically integrated growth. The company is fully dedicated to grow its core business while making key acquisitions of profitable companies that can be vertically integrated.
IMD Companies Inc. Forms Partnership with Red Apple Pharm to Develop Medical Marijuana Grow Facilities Throughout Western United States
Jul 15 14
IMD Companies, Inc. and Red Apple Pharm announced that they have completed an agreement for IMD Companies Inc., to be a preferred vendor to supply equipment to build out medical Marijuana Grow facilities throughout the Western United States. This includes, but is not limited to; lights, ballasts, environmental controllers, Oxygenation systems, fans, meters, and nutrients. The first Grow Facility is currently being developed in Pueblo Colorado.
IMD Companies Seeks Acquisitions
Apr 14 14
IMD Companies, Inc. (OTCPK:ICBU) plans to make acquisitions. IMD Companies will continue to grow its core business while seeking growth opportunities via acquisition or other business alliances.
Tranzbyte Corporation and IMD Companies, Inc. Completes Co-Marketing Agreement
Mar 25 14
Tranzbyte Corporation announced that it has completed an agreement with IMD Companies Inc. to co-market their grow-oriented products, specifically the EMC-5000 Environmental Master Controller, which is able to provide constant management for grow room facilities for indoor gardens and the Jurassic Oxygenation System to augment the previously announced efforts with the Biocube Green Grow Systems sales efforts in the US.