Los Angeles, California (FSCwire) - Medbox, Inc. (OTCQB: MDBX), a provider of specialized services to the cannabis sector, including operators of dispensaries, cultivation centers, manufacturers and research facilities in those states where approved, today announced it has expanded its senior staff with the addition of two experienced executives: Tony Adza joins Medbox as Vice President, Operations, and Nick Rose joins the company in the newly created position of Vice President, Sales.
Prior to joining Medbox, Adza was Vice President, Risk Management, of CorGreen Technologies, Inc., an Irvine, California-based publicly traded grower and retail solutions provider of products and services to licensed medical and recreational marijuana operators. He held an earlier career in the real estate sector with Wells Fargo, City First Mortgage and JP Morgan Chase Bank. Adza reports directly to Clinton Pyatt, Medbox Chief Operating Officer and Senior Vice President, Government Relations.
Rose most recently was Sales Manager at CannaVest Corp., based in Las Vegas, which develops, produces, markets and distributes hemp-based Cannabidiol (CBD) products to the nutraceutical industry in the United States. Among his responsibilities, Rose will facilitate the sales and marketing efforts in conjunction with Medbox’s recently signed agreement with the Whole Hemp Company, one of the nation’s leading producers of CBD products. He also reports directly to Pyatt.
“As we enter 2016 and execute on our strategic growth plan, we are pleased to welcome Tony and Nick to the Medbox family,” said Jeff Goh, President and Chief Executive Officer. “Their talents will be instrumental as the company continues to expand, following a productive year of setting a strong foundation for the future.”
About Medbox, Inc.
Medbox, Inc., a leader in the rapidly emerging cannabis sector, provides specialized services to operators of dispensaries, cultivation centers, manufacturers and research facilities in those states where approved. Through trusted clients and affiliates, the company promotes efficient, consistent, high quality products that are priced right, readily available and safely packaged. For more information about the company or to explore partnership, please visit www.medbox.com.
Certain statements in this press release constitute forward-looking statements within the meaning of federal securities laws. Such statements, including, but not limited to, the company continuing to expand, are based on current beliefs and expectations and are inherently subject to significant business, economic, regulatory and competitive uncertainties and contingencies, many of which are beyond the company’s control. In addition, certain forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Potential risks and uncertainties also include, but are not limited to, regulatory developments in the industry, as well as political and economic conditions present within the industry. For a more detailed description of the risk factors associated with the company, please refer to the company’s latest Annual Report on Form 10-K, and in particular, the section entitled “Risk Factors” therein, and in other periodic reports the company files with the Securities and Exchange Commission thereafter. The company does not assume any obligation to update any forward-looking statement to reflect events or developments after a forward-looking statement was made, unless required by law.
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Released January 12, 2016