BG Medical Technologies (RIGH)

o3qefzdsfmk_bgThe growth of the marijuana industry has brought not only more cannabis producers and distributors, but also more businesses offering supplementary products and services. One of these ancillary businesses is BG Medical Technologies, a company that provides technology services in the medical cannabis industry.

The premier service of BG Medical Technologies is the internet portal BudGenius.com. Through this website, doctors and patients utilizing medicinal marijuana can search for specific cannabis strains that match their needs and are accessible near their location. The site’s search tool shows what each strain is best for – from pain management to anxiety. It also displays marijuana edibles and concentrates.

BudGenius also serves growers, dispensaries, and manufacturers by providing medical marijuana testing. This is done in the company’s laboratory in Los Angeles, California (where its head office is also located). Among the aspects tested are potency, pesticides, and pathogens. The results are recorded in the BudGenius database, which is considered the most comprehensive online record of scientifically tested medical cannabis. Marijuana companies can choose whether or not to make their results accessible by the public.

BG Medical Technologies is also building other products such as the edutainment website BG-TV and a cloud-based e-commerce engine.

The company was formerly Dr. Owl Online, Inc, Green Power Technology Holdings Corp, Axiom Management, Inc, and Potential Holdings, Inc. In 2010, its primary operating technologies were founded and in 2011, it was incorporated as BG Medical Technologies, Inc. Though based in the US, it has technology development centers in Ukraine and the Philippines.

BG Medical Technologies trades in the OTC market as RIGH, with symbol and name change pending. Its market value is at USD 15 M. Founder Angel Stanz currently serves as its Chief Executive Officer.


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