Business & Tech
Medbox Receives Money Through Restricted Stock Purchase
The California-based medical marijuana company with an office in Natick received $6 million through a restricted stock purchase and has plans to file to become a public company with the Securities and Exchange Commission in March.
Medbox, Inc., the medical marijuana dispensing company that has an office in Natick, received $6 million in equity through a restricted stock purchase, according to the Boston Business Journal.
The money came from a private investment firm, and Medbox CEO Bruce Bedrick says that he expects several more investments to come. The company plans on filing with the Securities and Exchange Commission to become publicly traded in March. The current investment they received is going to be used to acquire pharmacies and other businesses as Medbox looks to expand.
Currently Medbox does not have any employees working out of the Natick office, according to the Boston Business Journal.
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