iMD Companies, Inc is a holding company for acquisitions in various industries such as health and wellness as well as plant cultivation. Its entry into the cannabis industry started in early 2014, when it formed a partnership with a marijuana hydroponics company.
Founded and incorporated in 1993 in Delaware, iMD Companies was formerly known as Empire Capital Corp. After several changes to its name and business, it finally became iMD Companies, Inc in 2010.
Currently, the company trades in the OTC markets under the symbol ICBU and with a market cap of USD 4.5 M.
In January 2014, iMD Companies acquired 51% interest in R-Quest Hydroponics, Inc, a manufacturer of marijuana cultivation solutions. Among R-Quest Hydroponic’s products are hardware and software used to manage indoor gardens and grow facilities.
Aside from that, iMD Companies has three other featured acquisitions: Lumz ‘n Blooms Ltd, Optimum Mobile Imaging LLC, and PCI HeartScan, Inc.
Lumz ‘n Blooms is a company that produces grow lighting for plant cultivators. It started as a family operation and has grown to reach clients in US and Canada.
Optimum Mobile Imaging provides mobile ultrasound imaging technology. The products of this Arizona-based company are used in clinics and health offices, and are normally covered by insurance.
PCI HeartScan offers a similar service, though its ultrasound imaging is focused on cardiovascular functions. In addition, it provides quantitative analyses and assessment, as backed by its extensive database of studies and research.
iMD Companies stated that it plans to make more acquisitions and form more partnerships in the marijuana industry, both in the medical and recreational sectors.
The key executives at iMD Companies, Inc are CEO Larry Robertson, President and CEO Richard Wilson, Legal Counsel William B. Haseltine, VP of Sales Jim Filkins, and Consultant Bruce Collett.
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