Medbox Issues 100% Stock Dividend to Holders
Medbox, Inc. (OTC: MDBX) (www.medboxinc.com), a leader in providing industry specific consulting services and patented systems to the medical and retail industries, announced FINRA consent and issuance of a common stock dividend. The 100% stock dividend issuance will have a record date of December 18^th, 2013, and a pay date of February 3^rd, 2014.
Management clarified that the class of shares to receive the dividend is the common shares only and not the preferred class of shares held by company executives. The shares are issued on a one-year restricted basis.
"I am extremely elated that we were able to give back to our shareholders in this way," stated Vincent Mehdizadeh, COO at Medbox, Inc. "Being a leader means setting a good example for other companies in the medical marijuana industry to follow. As we transition to becoming an SEC filer in mid-March, its important that we now focus on strengthening our management team, which is our next key priority."
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