Medbox Inc (OTCMKTS:MDBX) a provider of consulting and technology services to the legalized marijuana industry, reported that its wholly owned subsidiary firm, Vaporfection has finalized an exclusive North American distribution deal for its “miVape” vaporizer with wholesale and online retailer, VaporNation. The miVape vaporizer is anticipated to be available in market in June. It is a unique self-contained and USB-rechargeable device that uses medical grade, heat resistant and food-safe materials to provide the healthiest experience to customers.
The expert comments
Dan Wynick, the President of Medbox subsidiary Vaporfection, said that VaporNation is an ideal fit for Vaporfection as the company launches its portable miVape vaporizer in the market. The President believes it to be a game changer in terms of premium construction, high-quality performance and stringent adherence to safety guidelines. He added that associating with online retailer offers access to a strong distribution network and opens gateway to lucrative marketing opportunities that will help company fulfill the demand of a portable vaporizer at cost-effective rates.
The alliance
Jeffrey Sherman, the CEO and MD of VaporNation, said that miVape vaporizer is the first glass-on-glass handy vaporizer available. They are thrilled to launch it into the industry of vaporizer. This high-end product is the ‘iPod’ form of portable vaporizers and highlights Vaporfection’s measures to release ‘true convection’ heating solution, allowing the vape enthusiast to welcome the purest essence with zero combustion.
The profile
Vaporfection was established in 2007 and has performed extensive research on perfected vapor delivery technology. The company utilizes the best components and a smart design process to develop vaporizers that are guaranteed to offer years of smoke-free and flavored vapor. At the same time Medbox offers consulting services to the firms operating in the legal marijuana industry. It offers related patented products, including its medical dispensing system and vaporization devices.
In last trading session, the stock price of Medbox Inc (OTCMKTS:MDBX) declined 0.90% to close the trading session at $0.484.
