TAMPA, Fla., Jan. 23, 2015 /PRNewswire/ -- iMD Companies, Inc. (ICBU) has repositioned itself as a holding company with a plan to increase market share and grab a foothold in the hydroponic, hemp and medical marijuana sectors. By acquiring companies with influence, production capabilities and a presence in the sector, and recently partnering with the Chippewa Tribe Nation to help them facilitate the growth of hemp and medical marijuana, iMD is committing to bring its vision to the market now.
That vision is clear; iMD intends to become a one stop shop for hemp and medical marijuana growth facilities, a burgeoning industry with massive profit potential over the coming decades, as the industry was only recently regulated. The hemp industry alone generates billions of dollars annually now, and surveys accrued by CNBC recently estimated the medical marijuana industry to likely generate between $10 billion dollars to $40 billion dollars annually. Retail outlets in Colorado reported over $1 million dollars in sales on the first day marijuana was legalized last year, as an example of the potential this untapped industry possesses.
iMD has brokered an unprecedented partnership with the Chippewa Indian Tribe to develop and maintain a 50,000 Sq ft growth facility on their reservation in Michigan. This deal with the Chippewa Tribe, brokered through H&H Organic Investments, is not a one off deal. A myriad of tribes, both those whose casino income are hurting due to the economy and those who do not have casinos, are looking to negotiate similar deals with H&H and their one stop partner, R-Quest Hydroponics. R-Quest is a subsidiary of iMD.
iMD currently has four companies, and is looking to add companies and partners that will complement its hydroponic and medical marijuana growth philosophy. Two current holdings, medical tech companies Optimum Mobile Imaging and PCI HeartScan are in the process of being spun off to make way for iMD's new one stop hydroponic and growth philosophy. Currently, IMD's holdings include:
- R-Quest Hydroponics, Inc. – A Hardware and Software Manufacturing Company that has developed the new Environmental Master Controller EMC-5000 system. The EMC-5000 provides constant care and management for grow room facilities for indoor gardens.
- Lumz' n Blooms – A company focused on state of the art grow lighting, with a growing base of clients in both the US and Canada.
With the recent, innovative Chippewa Indian Tribe partnership and more such partnerships in negotiations, iMD is taking an out of the box approach to growing market share in the lucrative hydroponics sector, especially in the new, huge medical marijuana industry. As the company grows along with the industry, they will be seeking to add additional holdings that fit their corporate philosophy.
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SOURCE iMD Companies, Inc.