Modern Mobility Aids, Inc. (MDRM)

mdrmlogo-300x81Modern Mobility Aids, Inc. is a development-stage specialty company that is aiming to enter the alternative medicine industry. Though the company is based in Nevada, USA, its current endeavors focus on medical marijuana development and production in Canada.

There are not many active operations of the company on its current medical marijuana focus, but it has established a wholly owned subsidiary called MDRM Group Canada Ltd. This subsidiary is intended to form and handle joint ventures, acquisitions, and agreements with herbal producers in Canada.

Among the subsidiary’s recent activities is the closing of an agreement with Easton Pharmaceuticals, Inc, a Canadian pharma company that develops drugs including medical marijuana products. The agreement gives Easton the option to purchase up to 49% of a yet-unnamed medical marijuana company.

Modern Mobility Aids is also considering investments in the industry. One of its recent investments is the purchase of a 50% interest in the Canadian cultivator Green Calyx, Inc. It has also stated that it will also consider investing in licensed US suppliers.

The company was founded and incorporated in 2007 with the name Glider, Inc. It changed its name to Modern Mobility Aids, Inc in 2010. Its previous business was in the Russian market, distributing mobility products such as wheelchairs and walkers, hence the name.

Modern Mobility Aids, Inc is now traded in the US OTC markets as MDRM. Its market cap is pegged at USD 3.77 M. The company’s management team is headed by Kenneth R. Pinckard, CEO, and Preston J. Shea, President and CFO. It also has Dr. Baseer U. Khan as the Chief Medical Director and Chairman of the Medical Advisory Committee, and Gilbert S. Sharpe as the Executive Advisor.


Yahoo! Finance: MDRM News

Latest Financial News for MDRM

Modern Mobility Aids Inc Announces Filing of Certification on Form 15 to Suspend Its Reporting Obligations Under Section 15(d) of The Securities Exchange Act of 1934

TORONTO, ON / ACCESSWIRE / October 16, 2018 / Modern Mobility Aids, Inc. (OTC PINK: MDRM) (the "Company"), has filed Form 15(d) with the US Securities and Exchange Commission to terminate being a reporting Issuer. "The costs and management time consumption associated with filing Annual and Quarterly Audited reports are prohibitive", advised Tito DiMarco, President of the company. "We are directing our expenditures and management resources to the operations of the company without having to focus throughout the entire year on filing reports that have no present positive influence on the progress of the company" Mr. DiMarco added.

Modern Mobility Aids, Inc. Shares Their Unique Global Vision and Invites Cannabis Entrepreneurs From Around The Globe

TORONTO, ON / ACCESSWIRE / September 20, 2018 / Modern Mobility Aids, Inc. (OTC PINK: MDRM) (the ''Company'') The Company is looking to create an umbrella organization for cannabis entrepreneurs by applying ...

Modern Mobility Aids, Inc. Terminates LOI with 2539296 Ontario Limited

TORONTO, ON / ACCESSWIRE / May 31, 2018 / Modern Mobility Aids, Inc. (OTC PINK: MDRM) (the ''Company''), announced today that the Company and 2539296 Ontario Limited mutually agreed to terminate the Letter of Intent between them dated October 12, 2017. ''MDRM will renew and strengthen it's commitment to the company's core business plan to develop medical cannabis related businesses in Canada and globally and we are reviewing opportunities in the continuously developing Cannabis industry ''stated Tito Dimarco, CEO. Modern Mobility Aids, Inc. is a development stage company that focuses on the health and wellness bio medical industry including production of medical marijuana.