Founder Retires 2 Million Preferred Shares and 3 Million Common MDBX Shares Totaling 13 Million Shares and Also Announces New Venture Branded 'Pineapple Express' Within Globestar Industries, Inc.
LOS ANGELES, Aug. 27 (Bernama-GLOBE NEWSWIRE) -- P. Vincent Mehdizadeh, Founder and now former majority shareholder of Medbox, Inc. (OTCQB:MDBX) announced retiring 13 million shares of MDBX, including all 2 million preferred shares in his possession, carrying 5 to 1 conversion to common shares and super voting rights, along with an additional 3 million common shares. The shares have been retired, or in effect cancelled, resulting in 13 million less shares issued and outstanding on a fully diluted basis.
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