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Healthtech Conglomerate Veriheal Inc. Acquires Marijuanadoctors.Com For $3 Million

Feb 22, 2022•over 3 years ago

Acquiring Company

Veriheal

Acquired Company

MarijuanaDoctors.com

Food And BeverageHealth CareFood And BeverageHealth CareCommunity And Lifestyle

Description

The recent acquisition of MarijuanaDoctors.com by health technology company Veriheal for $3 million (USD) just made it easier for medical cannabis patients to connect with licensed physicians in their states. With this expansion, Veriheal will possess the largest network of physicians in the medical cannabis space, and a larger network of strategic dispensary partnerships. Veriheal will also have a much larger audience for dispensaries to market to medical marijuana card holders through their extensive marketing channels.

Company Information

Company

Veriheal

About

Veriheal is a healthcare technology company that is the largest facilitator of medical marijuana cards in the nation. Its mission is to educate and advocate on behalf of patients and secure their safe access to regulated medical cannabis products. The company has a culture of open communication and transparency with its clients, and operates as a concierge service to ensure HIPAA compliant connections between patients and physicians via its proprietary platform. Visit veriheal.com for more information.

Company News

(6 articles)
Tue, 21 Nov 2023 08:00:00 GMT

Veriheal Awards Another $30,000 in Scholarships for Cannabis Innovation - Business Wire

Thu, 10 Nov 2022 08:00:00 GMT

A rare look inside PA's medical marijuana card industry - Spotlight PA

Thu, 28 Apr 2022 07:00:00 GMT

D.C. medical cannabis startup Veriheal plotting international push, more M&A, hiring spree - The Business Journals

Thu, 08 Jul 2021 07:00:00 GMT

Samuel Adetunji of Veriheal: 5 Things I Wish Someone Told Me Before I Started Leading a Cannabis or… - Medium

Mon, 27 Apr 2020 07:00:00 GMT

Veriheal Is Now Offering $10,000 in Scholarships to Further Cannabis Innovation - Business Wire

Fri, 19 Mar 2021 07:00:00 GMT

This D.C. medical marijuana startup saw business boom during Covid. Here’s what’s on tap for 2021. - The Business Journals

FundzWatch™ Score

69
High M&A Activity

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed