iMD Companies, Inc. (ICBU)

imdiMD Companies, Inc is a holding company for business acquisitions in the health and wellness as well as hydroponics industries. It has recently ventured into the marijuana industry by completing its first partnership in that industry in early 2014.

The company’s four featured acquisitions are Optimum Mobile Imaging LLC; PCI HeartScan, Inc; R-Quest Hydroponics, Inc; and Lumz ‘n Blooms Ltd.

Optimum Mobile Imaging is a company that offers mobile ultrasound imaging technology in Arizona. Its products are used in health offices and clinics, and are generally covered by insurance.

PCI HeartScan also provides ultrasound imaging, with a focus on cardiovascular functions. Its imaging service is paired with quantitative assessment and analyses, and backed by an extensive database of research and studies.

Meanwhile, R-Quest Hydroponics, Inc is the marijuana company of which iMD Companies has acquired 51% interest in January 2014. R-Quest Hydroponics is under Anything Technologies Media, Inc and manufactures hardware and software for managing grow facilities and indoor gardens.

Lumz ‘n Blooms also cater to cultivators, but focuses on grow lighting. It is a family operation that has grown to have clients in US and Canada.

With its entry into the marijuana industry, iMD Companies intends to make more acquisitions and partnerships in both the medical and recreational marijuana sectors.

iMD Companies, Inc was founded and incorporated in Delaware in 1993. It was formerly Empire Capital Corp, and it underwent several name changes until in 2010, when it changed to its current name.

The company is now based in Florida and is traded in the OTC markets as ICBU. It has a market value of USD 4.5 M. Key executives in the company include Larry Robertson, CEO; Richard Wilson, President and CFO; William B. Haseltine, Legal Counsel; Jim Filkins, VP of Sales; and Bruce Collett, Consultant.

[hungryfeed max_items=”5″ template=”1″ url=”feed://”]