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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Latest Financial News for ICBU
Las Vegas, NV, April 30, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- iMD Companies, Inc. (ICBU) announced today that the company continues negotiations to acquire valuable mining claims, which have gold and precious metal findings that can be extracted and mined. The company is currently doing its due diligence on the claims to make sure everything is in order. This will give the company and its shareholders an accurate report on the mineral resources and the economic value of the claims.
LAS VEGAS, NV, Nov. 27, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – iMD Companies, Inc. (ICBU) Board of Directors announced today that LCG Plastic, a subsidiary of the company, has received a purchase order and signed a contract to supply approximately one billion seven hundred and eighty million dollars, ($1,780,821,917) of Polyvinyl Chloride (PVC) Pipes over a two-year period to the Government of India. LCG has contracted to supply PVC pipes according to the specification in the purchase order.
LAS VEGAS, NV, Nov. 20, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – IMD Companies, Inc. (ICBU) Board of Directors announced today that LCG Plastic, a subsidiary of the company, is in the final due diligence phase to complete a major contract with the Government of India to supply a very large order of PVC Pipe. The company has been working on this order over the last several months and is in the final details of the contract and due diligence to complete this contract. This contract would cause IMD to be required to become a fully reporting company because of the increased revenues.
PLACERVILLE, CA / ACCESSWIRE / July 12, 2018 / iMD Companies, Inc. (OTC PINK: ICBU) announced today that the company has begun due diligence on partnering with a manufacturer of Breath Mint Strips to which iMD would add our infused CBD Hemp Oil product. This product would be similar in design to the Listerine breath mint strip. The breath mint strip market is a Multi-billion dollar industry, and we feel that this CBD infused product would make a big impact on sales for iMD Companies.
PLACERVILLE, CA / ACCESSWIRE / June 27, 2018 / iMD Companies, Inc. (OTC PINK: ICBU) Board of Directors announced today that the company has completed its first quarter financials and has uploaded them to OTC Markets. The company expects to be current within the next 48 hours upon approval by OTC Markets. The company recently completed the acquisition of SG Minerals Mining Company a subsidiary of iMD.