HelloMD is well-known for its telehealth app targeting the medical cannabis industry in California, where it serves as the backbone for many cannabis delivery services, allowing patients to get authorized via video consultation on their smartphones. TechCrunch reporter Darrell Etherington caught up with the company in Montreal, where it won a prize in a pitch contest at Startupfest this week. HelloMD is evolving into a respected provider of information to visitors to its site looking to learn about medical cannabis.
The company has launched a Q&A resource where medical professionals and other members of the community can offer answers to questions posted on the site by visitors. The company reports over 70K registered users and hopes to have 1mm within a year. In addition to its $49 fee earned for its video app per user, it is beginning to monetize by charging brands to advertise on its site. HelloMD, which says that it is cash-flow positive, is looking to raise some capital but has faced stigma issues with the venture capital community.
Read Darrell Etherington’s “HelloMD looks to its ‘Quora for cannabis’ as a source of growth”: https://techcrunch.com/2016/07/15/hellomd-looks-to-its-quora-for-cannabis-as-a-source-of-growth