On July 25th, Progressive Care received its first tranche of $250,000 from Chicago Venture Partners. The Company intends to use these funds primarily for the build-out of the warehouse space as well as general working capital to further growth and development of the Company.
"We are pleased to be on the cusp of receiving our building permits," stated S. Parikh Mars, CEO. "The expansion into the warehouse space is a necessary next step to achieving significant growth in a number of areas including compounding and long term care sales. We are excited that with the conclusion of the building process we will be able to install our automation system and ramp up sales across the board