NexTel Medical amends JumpstartRx, NuevistraMed deal to buy parent Island 40 Group for $12.75 million

MARIJUANA INC

MARIJUANA INC

MAJI

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  • NexTel Medical amended its previously disclosed deal to buy Island 40 Group, replacing the earlier plan to acquire JumpstartRx and NuevistraMed.
  • The revised transaction brings Island 40’s full subsidiary platform, expanding into health services, pharmaceutical access, lab testing, and institutional partnerships.
  • Total consideration is $12.75 million, comprised of $3.5 million cash and $9.25 million preferred stock.
  • Island 40’s platform reaches more than 300,000 patients per month through affiliated channels.
  • Closing remains subject to customary conditions, including completion of financial review and due diligence.


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