Progressive Care Inc (RXMD)

[angeloh]

Excellent report on RXMD's continued progress my friend...

I called Armen again today and got some updates on CBD

1. Acquisition

They need to sign many agreements with the seller, he mentioned three or four, like “Seller’s Agreement, Employment Agreement”, etc. They have been working very actively on these with the seller and their attorney. The current versions of all these agreements are in the hands of the seller’s attorney. Progressive Care is just waiting for their replies. Armen said because this is such a huge acquisition, both parties are taking their time to review the documents. Armen said as soon as everything falls into place, they will update shareholders in PR.

2. CBD

Ms. Mars is flying out to San Diego today. Part of her missions is to meet some CBD organizations for partnership! Armen said he wished the federal government could be more liberal on cannabis products, but no matter what, Progressive Care will be getting the best out of it. He is very much looking forward to this huge opportunity for the company’s growth. As to the potential Curaleaf partnership, he only said they are referring their customers to Curaleaf products as an agreement with Curaleaf. He wants to see where this relationship will lead them to.

3. CBS “Opioid Weaning” Interview

He said the interview was very successful. The CBS is making a series of documentary on this topic. PharmCo Interview was a big part of it. It went so well that CBS even canceled another interview with some other doctors because they had obtained so much great information just from PharmCo.

4. $18M Acquisition Target

I finally decided to personally ask him if the target is Five Star Rx/Family Physicians Rx, which I have posted my research on this many times here. Well, he wouldn’t confirm it obviously. He said that would be illegal if he told me. But he also didn’t deny it. My purpose was to get his reaction when I asked him. My impression was he admitted it. Well, let’s just wait. He said he was introduced to the owner of that pharmacy more a year ago. Progressive Care has been pursuing them ever since.

Any other questions? Call Armen Karapetyan’s phone number 786-657-2060. This number is listed on Progressive Care’s website:
https://progressivecareus.com/contact/