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May 29, 2015 - Medbox, Inc. (OTCQB: MDBX), a leading provider of specialized consulting and technology solutions to the legal marijuana industry, today announced that its wholly owned subsidiary, Vaporfection, has signed an exclusive North American distribution agreement for its “miVape” vaporizer with VaporNation, the largest wholesaler and online retailer of vaporizers.
The miVape vaporizer, which is expected to be available for purchase in June, is a self-contained, USB-rechargeable unit that uses medical grade, food-safe and heat resistant materials to deliver the healthiest experience possible.
“VaporNation is a symbiotic fit for Vaporfection as we introduce our portable, true convection miVape vaporizer to the market. I believe it is truly a game changer in terms of its high-quality construction, superior performance and strict adherence to safety standards,” said Dan Wynick, President of Vaporfection. “Aligning with VaporNation provides access to a robust distribution network as well as amazing marketing opportunities that will help us meet the demand for a high-caliber, portable vaporizer at an affordable price.”
“miVape is the first glass-on-glass portable vaporizer available, and we are excited to introduce it into the vaporizer marketplace,” said Jeffrey Sherman, CEO and Managing Director of VaporNation. “This high-end unit truly is the ‘iPod’ of portable vaporizers and represents Vaporfection’s effort to introduce ‘true convection’ heating technology, enabling the vape connoisseur to appreciate the purest flavor with zero combustion.”
About Vaporfection
Founded in 2007, Vaporfection has conducted extensive research on vaporization and perfected vapor delivery technology. Using a smart design approach and the best materials, Vaporfection vaporizers are guaranteed to provide years of smoke-free, great-tasting vapor. For more information, visit www.vaporfection.com.
About Medbox, Inc.
Medbox, Inc. provides specialized consulting services to the legal marijuana industry and sells associated patented products, including its Medbox medical dispensing system and medical vaporization devices. The company works with clients who seek to enter the medical, recreational and cultivation marijuana markets in those states where approved. Medbox offers turnkey solutions that assist with licensing and compliance, site selection, design and permitting, safety and security, along with full build-out and operational oversight. Medbox’s consulting solutions and technology create structure and process for clients and their respective businesses in this rapidly emerging sector. For more information about the company, visit www.medbox.com.
About VaporNation
Vapornation was founded in 2008 and has quickly become the largest wholesale distributor and online retailer of vaporizers, offering the newest products and the largest selection of vaporizers and accessories – providing resources and expert knowledge to not only the most seasoned vaporizer enthusiasts, but also those entry level consumers looking to make a first purchase. For more information, visit www.vapornation.com.
Forward-Looking Statements
Certain statements in this press release constitute forward-looking statements within the meaning of federal securities laws. Such statements, including, but not limited to, meeting market demand, 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. 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.
For more information, contact:
Janet Simmons
PondelWilkinson Inc.
310-279-5980
pwinvestor@pondel.com