HealthWarehouse.com, Inc. (HEWA.OB) Receives Second Drawdown of $500,000 Debt Financing and Approves a Reverse Stock Split
HealthWarehouse.com Inc. is a leading retail mail-order pharmacy which is licensed in 46 states. The company offers over 300 FDA-approved, legal prescription drugs for $3.50 with 100% free shipping. By eliminating inefficiencies in the drug distribution chain, HealthWarehouse has become one of the fastest growing online pharmacies in the United States. The company announced today it has received the second drawdown of $500,000 in 12% per annum short term debt financing. HealthWarehouse will use the additional funds for working capital and further expansion of its business model. The terms of the loan agreement announced in December 2009 consisted of a…