Progressive Care Inc (RXMD)

[pochemunyet]

"Progressive Care has taken significant strides since the last update issued by SeeThruEquity on the company, with the business eclipsing $20mn in revenues in 2017 and several new initiatives intended to drive growth and improve operations in the future. Highlights include:
RXMD reported revenues of $20mn for the full year 2017, representing an increase of 9% over $18.3mn in 2016.
Management reported that it is off to a strong start to 2018, with record prescriptions filled in January, generating $1.8mn in revenues.
RXMD renewed efforts to expand its presence as its PharmCo unit filed applications to operate in Arizona, Rhode Island, and Utah. PharmCo now has 13 states.
RXMD has also resumed plans to add complementary and accretive acquisitions to drive growth. The company announced on March 1, 2018, that it had executed a letter of intent to acquire a pharmacy based in Palm Beach, FL, which will increase its delivery area and solidify its presence in the Palm Beach market and surrounds.
On February 15, 2018, RXMD announced that it had integrated BitCoin payments into its retail pharmacy unit, which will allow customers to choose to pay using BitCoin in a similar payment process as customers using credit cards or PayPal.
RXMD uplisted shares to the OTCQB Venture Market in December 2017, as management executed on this goal set during 2016.
RXMD hired Mass Ventures Corp. to enhance its digital presence and technology including social media, website enhancement, search optimization, and developing an e-commerce platform capable of accepting cryptocurrencies.
Increasing price target to $0.35 for RXMD"