Terme Bancorp, a
holding company focused on the booming global electronic money services space,
as well as the relevant associated behavioral dynamics among consumers,
operates through a growing family of wholly owned subsidiaries, each with a
distinct target market. Beyond the company’s Terme Capital, Inc. subsidiary,
whose foundations stretch back to the company’s 1987 acquisition/operation of
Argo Federal Savings and Loan Association from FSLIC, as well the purchase in
1995 of OnLine Financial Services (thus establishing one of the very first
internet branch operations on earth), there is the Terme Mortgage, Inc.
subsidiary, an established mortgage services operation.
The company has a
solid track record of achievements under its belt and the feat of establishing
a successful branch on the West Side of Chicago (where there hadn’t been one in
35 years), as well as the successful deployment of ATMs throughout the inner
city, really reinforces TMEB’s philanthropic commitment to serving populations
like the unbanked and under-banked, in this case with comprehensive financial
services. The company used their muscle and ingenuity, taking point on the
mission to foster an electronic debit card framework for the area and the
results were superb, with government assistance payment streamlining and
leveraging of a social services agency, to bring much needed jobs to
ex-offenders and the like, helping to simultaneously offset the ongoing housing
crisis for the local market.
This same dauntless,
charitable attitude by TMEB has led to the formation of a new wholly owned
subsidiary, Terme Medical Ventures, Inc., which will be tasked with hammering
out quality investments in a variety of consumer-oriented medical vectors. The
three primary initial targets for this new subsidiary will be the lucrative and
rapidly expanding medical marijuana market, as well as the clinical device and
infectious disease treatment markets. Terme Medical Ventures will emphasize
refining an ability to provide the best in cutting-edge growing and
distribution technologies, as well as related services, in addition to aligning
key affinity relationships and partnerships in what is now a rapidly burgeoning
industry.
Nationally speaking,
the legal market for the broadest category of marijuana sales was around $1.53B
in 2013, a figure expected to climb 422% to a whopping $8B by 2018 alone (with
the ArcView report placing the figure substantially higher at $10.2B). Company
plans to do some serious damage in the thriving device space will be bolstered by
important relationships that management has already established in the space.
TMEB will be fast out of the gate developing or licensing clinical device
technology that will let users not only do over watch on their own health with
robust monitoring, but also improve their health at the same time. Infectious
disease is a good third leg here and the overlap should be apparent to anyone
following the sector closely.
The prevailing
marijuana legislation basically says it all, with cancer, glaucoma, and HIV/AIDS
at the top of the list for conditions associated with legal permitting in
Colorado for instance. Major secondaries in muscle spasm, seizure, severe pain,
severe nausea, and even severe weight loss/muscle atrophy (cachexia), merely
cement the longer-term upside for infectious disease applications. The
Charlotte’s Web strain used by the parents of Charlotte Figi to treat her
epileptic seizures has really galvanized this nascent industry and it is quiet
easy to see the vast potential for therapeutic applications across the broader
market, especially when executed in conjunction with the right kinds of health
monitoring technologies.
For more info on
Terme Bancorp, Inc., visit www.TermeBancorp.com
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