Multiple accolades bestowed on the cannabis tech startup as compound monthly user growth tops 28%
SAN FRANCISCO, July 20, 2016 /PRNewswire/ — HelloMD, the leading digital healthcare platform for medical marijuana patients, announced today that it was one of the recipients of the prestigious $255K Investment Prize at the International Startupfest event in Montreal, Canada. Hundreds of companies from around the globe competed throughout the two-day event via live timed pitches in front of a panel of judges, all vying for the grand prize.
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Startupfest is a global gathering of the world's best entrepreneurs, founders, investors, and mentors, attracting the likes of Shopify, Reddit, Re/Code and 500 Startups.
In awarding the prize, the panel of investor judges repeatedly noted the remarkable growth the company has achieved in such a short period of time. "With compound monthly user growth now nearing 30%, the company is on track to register more than 1 million users in the next twelve months," said HelloMD's SVP of Business Development, Larry Lisser. "Revenue has followed a similar pattern, putting the company in a cash positive position just 14 months post launch."
"We are thrilled to be honored by the judges at Startupfest," said Pamela Hadfield, Co-founder of HelloMD. "The overall impact that medical cannabis has had on people in need, coupled with our vision to enable therapeutic benefits to millions more over the coming years, really resonated with the audience."
StartupFest was founded in 2011 and has grown exponentially since.
"In a year where Startupfest offered its largest investment prize to date, over 600 startups came from across the world to pitch their way to victory," said Phil Telio, Founder of Startupfest. "We were thrilled to host a company of HelloMD's caliber and determination, and even happier to send them back to California with a share of our $255K grand prize."
HelloMD travelled to Startupfest in style. The company was selected prior to the event, in a contest of 1-minute video pitches, to occupy the last seat on a private chartered jet. The plane was filled with a who's who of Silicon Valley, all invited to speak at Startupfest.
The company was recently profiled in TechCrunch for its Quora-for-Cannabis service, further cementing its reputation as an innovator in the fastest growing industry in the United States.
About HelloMD
HelloMD is the leading digital healthcare platform for medical cannabis patients. The service allows for easy, convenient online video access to physicians (daily, 10:00 a.m. – 7:00 p.m. (PST)) for medical cannabis consultations, recommendations to qualifying patients, product advice and more. HelloMD recently launched Answers, a unique web-based service that allows cannabis users, or those considering using cannabis, to ask questions to the HelloMD expert community lead by doctors and physicians. For more information about HelloMD, visit www.hellomd.com, or follow us on Facebook (@HelloMDcompany) and Twitter (@HelloMD_com).
About Startupfest
Startupfest is a four-day conference dedicated to the business of startups. Held in Montreal's Old Port from July 13-16, 2016, the annual event brings together industry veterans, thought leaders, technology giants and fresh faces from around the world, for a series of lean, fast-paced events. Festival attendees are able to witness startups launch, listen to inspiring keynotes, and dive deep into hot tech sectors like mobility, social networking, AI, VR and gaming. This unique global audience comes together to address the entire startup lifecycle – from the first spark of an idea, all the way to the last signature on a liquidity event. www.startupfest.com
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