Medbox Inc (OTCMKTS:MDBX) Takes A Step Up

[[tagnumber 0]][[tagnumber 1]]The stock performance of Medbox Inc (OTCMKTS:MDBX) through the first half of the year was rather disappointing and we saw the ticker drop well below the 10 cent per share mark, reaching a 52–week low of $0.052 in the second half of the past month.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]But let’s be honest. [[tagnumber 6]]MDBX[[tagnumber 7]] didn’t really have much going on if you look at their balance sheet. Here is just a quick example of some of the numbers that were contained in the company’s report for the second quarter of the year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $564 thousand[[tagnumber 13]] [[tagnumber 12]]current assets: $1.65 million[[tagnumber 13]] [[tagnumber 12]]current liabilities: $13.16 million[[tagnumber 13]] [[tagnumber 12]]quarterly revenues: 84 thousand[[tagnumber 13]] [[tagnumber 12]]quarterly net loss: $11.39 million[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Those are some pretty terrible numbers and the fact that they have been declining compared to the same period last year doesn’t speak too well either. Still, [[tagnumber 6]]MDBX[[tagnumber 7]] has come out with several optimistic press releases lately.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The company announced that it has received a conditional use permit that gives them the license to operate a medical marijuana dispensary last week. This came on the heels of the news that [[tagnumber 6]]MDBX[[tagnumber 7]] is preparing for initial cultivation of hemp at their property in Pueblo, Colorado.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The news did manage to provide some uplift for the company stock, but the upward movement was short–lived. The concerning the distribution of the company’s vaporizer from earlier this week also failed to do much.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Instead, the ticker managed to add 15.18% to its value in yesterday’s trading all on its own. As [[tagnumber 6]]MDBX[[tagnumber 7]] was going for a close at $0.129 we saw a total of 1.62 million shares change their owners and generate $195 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Today, however, we see some hesitation. [[tagnumber 6]]MDBX[[tagnumber 7]] might very well return to its downward slide so be sure to consider all the risks before putting any money on the line.[[tagnumber 2]]