The Following Letter Was Sent to Vincent Mehdizadeh, Founder and Former Majority Shareholder Of Medbox, Inc. (OTCQB: MDBX) by the Companyâ€™s President and Chief Executive Officer, Jeff Goh:
LOS ANGELES, CA / CRWEPRESSRELEASE / September 4, 2015 /
As Medbox moves forward in its next stage of growth and development, I want to personally extend my gratitude and thanks on behalf of the management team and board of directors.
Corporate transitions are always challenging. Please know that your recent voluntary cancellation and retirement of all of your Medbox preferred shares and three million of your common shares, effectively relinquishing a majority voting position, was very much appreciated as a benefit to the shareholders of Medbox.
As a management team, we are working hard and moving forward vigorously on a positive path to create a great company, pursuing solid business opportunities afforded by the burgeoning cannabis sector for the benefit of patients, as well as to meet our collective long-term goal of creating sustainable shareholder value.
I look forward to keeping you and all of our shareholders apprised of our progress.
President and Interim Chief Executive Officer
SOURCE: Medbox, Inc.