Big things are happening in cannabis telemedicine as CannabisSativa Inc acquires 51% of Presto Doctor, a leading telemedicine platform for medical cannabis doctors appointments and patient registration cards in states such as Nevada and California (soon to be adding other medically legalized states).
Cannabis Sativa. Inc. (OTCQB:CBDS) announced this month that the Company has acquired a controlling interest in PrestoCorp (a.k.a. PrestoDoctor), an online telemedicine platform providing access to knowledgeable physicians for a safe and confidential way to get a medical marijuana recommendation using secure video conferencing technology (https://prestodoctor.com).
Appointments through PrestoDoctor’s website are generally completed in 10-15 minutes, and can be scheduled and completed in the same day. This convenience eliminates the need for patients to travel to an in-person appointment or wait in line at a clinic. More than 40,000 users have registered to consult with PrestoDoctor’s 15+ licensed physicians across the United States. PrestoDoctor currently offers services in California and Nevada, and is actively targeting expansion into multiple additional states in the coming months.
President David Tobias says:
“We are pleased to bring PrestoDoctor on board as a subsidiary of Cannabis Sativa. Combining our resources should be a great benefit to both companies. We are eager to assist PrestoDoctor in the roll out of their medical marijuana programs in several new states this year, and hope to see the continued growth of PrestoDoctor for years to come. We believe telemedicine is the future.”
PrestoDoctor was founded by an experienced Silicon Valley based team, with Kyle Powers previously at Google,IBM, PayPal, and ClearSlide, and Robert Tankson previously with Google, ClearSlide, and McCullough & Associates.
PrestoDoctor CEO Kyle Powers says:
“We are proud to announce our partnership with Cannabis Sativa. The experienced team at Cannabis Sativa will serve a vital role in the continued success of PrestoDoctor as we expand operations into multiple new markets. We believe that the strong portfolio of brands and companies operated by Cannabis Sativa reflects the vast potential of this rapidly growing industry, and we look forward to our joint success.”
On August 1, 2017, CBDS filed Form 8-K with the Securities and Exchange Commission disclosing the terms of the acquisition. https://www.sec.gov/Archives/edgar/data/1360442/000144586617001115/cbds_8k.htm
PrestoDoctor launched in California in the summer of 2015, and quickly expanded services to Nevada in the summer of 2016. PrestoDoctor has facilitated tens of thousands of appointments and maintains the highest customer satisfaction rating for any telemedicine service online. PrestoDoctor has over 4,000 5-star reviews, is the first medical marijuana company to be accepted into the American Telemedicine Association, and is HIPAA and HITECH compliant. PrestoDoctor plans to expand its services to multiple additional states in Q3 2017.
About Cannabis Sativa, Inc.:
Cannabis Sativa, Inc. (“CBDS”) is engaged in the licensing of cannabis related intellectual property, marketing and branding for cannabis based products and services, operation of cannabis related technology services, and ancillary business activities. CBDS licenses the “hi” and “White Rabbit” brands, holds a U.S. patent on the Ecuadorian Sativa strain of Cannabis, owns patent pending and trade secret formulas and processes, offers the hi benefits discount pharmacy card, and operates www.ibudtender.com information platform. In addition, CBDS seeks strategic partners for acquisition of operating companies, intellectual property and other assets which fit within the CBDS corporate vision.
Looking forward, keep an eye on the goings on in the industry with CannabisMagazine.com. The cannabis industry is forever changing and growing, and more large sale acquisitions are happening across the board as investors gain comfortability (and decrease risk aversion?). It’s evident that the cannabis space is a place for some serious high-growth investments right now and it will be exciting to track the progression of the industry as we move forward!