Medbox Restates, Shareholder Equity Goes Negative

A cannabis company which recently admitted it is under investigation by the Securities and Exchange Commission for filing misleading financial statements told investors in public filings this week their shareholder equity is now negative $2 million.

Medbox Going Up in Smoke

Once-hot marijuana stock sees massive sell-off as executives are forced to sell shares in a margin call and the board moves to wrest control from the founder.