Medtainer, Inc. (OTCMKTS: MDTR) has been moving up steadily on strong volume after another test of the $0.01. MDTR has a long history of big moves popping from under a penny to $0.03 highs in early October.
Medtrainer is an exciting company’s signature product, the FDA-approved MedTainer(TM), continue to increase beyond the record pace set for the same quarter last year as well as new orders from mj majors such as Tilray, Aurora, Organigram, Aphria, Broken Coast, James E. Wagner and Redecan.
Medtainer, Inc. (OTCMKTS: MDTR) is an innovative company operating in the fields of manufacturing, branding, sales, consulting and has most recently brought a revolutionary design to the forefront, the first-ever polypropylene (PP) air-tight, water-tight, smell-proof delivery and storage system which also embodies a grinding component. Medtainer Containers give consumers the ability to store, carry, and dispense items such as pharmaceuticals, herbal remedies, teas and many other solid and/or liquid contents with ease. The Company operates Acologyinc.com for the hospice and palliative care industry, and themedtainer.com for the recreational and medical marijuana industry.
The MedTainer(TM), continue to see record growth beyond the record pace set for the same quarter last year. In addition, more Licensed Producers have begun to order what the Company has positioned as one of the primary, if not THE primary, retail packaging containers for the emerging cannabis market. In addition, one of Canada’s premier franchising companies, the Shefield Group, has begun a pilot program to introduce the MedTainer to its customers across the country. Both Acology and Shefield agree that retail cannabis will be a major market in Canada and that hundreds, if not thousands of stores, shops and boutiques will soon be selling cannabis products to the general consumer. The franchise sector in Canada currently generates over $68B in retail sales per year.
MDTR got really hot earlier this year when Aurora Cannabis placed its’ 7th order for thousands of MedTainers in anticipation of the mid-October start to Canada’s legal recreational cannabis market. The company states that it anticipated and is well-prepared to fulfill the increased influx of orders for their signature multi-functional, certified child-resistant, FDA-approved container. The company also introduced a new size 40-dram MedTainer to the market, doubling the size of its’ signature product. This is in keeping with the anticipated demand of consumers who will want larger quantities of retail flower cannabis and make it easier to classify and label retail cannabis, as demanded by Canadian federal law.
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Earlier this year MedTainer announced growing sales reporting $1,196,498 in revenues for the 6 months ended June 30, 2018 up from $1,090,035 for the same period last year. The Company said its portfolio increased by an instant $2.5M with the purchase of the MedTainer(TM) intellectual property and Inventory control is well in hand despite the surge in product orders. Sharp increases in orders for the multi-functional MedTainer and 2-way humidity packs continue. Orders have been received from many of the major LPs in Canada, including Tilray, Aurora, Organigram, Aphria, Broken Coast, James E. Wagner and Redecan. With the Canadian legal cannabis rollout beginning in less than a month Acology/MedTainer is now poised for increased business with strategically-placed companies in the cannabis sector that see the Medtainer as an opportunity to create branding, labeling and licensing agreements.
Earlier this year Medtrainer said they are in the final stages of negotiations with Manitoba based Humble+fume to distribute its signature product, the MedTainer™ throughout the entire country. humble+fume’s successes include securing exclusive supply agreements with two of the Canadian Provinces where cannabis retail will be publicly sold and granted “Preferred Supplier” status in each of the other provinces who have announced their intentions. Both MedTainer Inc. and Humble+fume have agreed that the MedTainer should become one of the primary compliant packaging solutions on the market and expect unit sales numbers to increase rapidly and immediately after the agreement is finalized. Humble+fume works with many of the privately run cannabis retailers, who have been awarded licenses to do so, across the country, as well as most of the licensed producers.
In a recent update CEO Curt Fairbrother said “In 2013 we began positioning ourselves to be the primary solution for safe, compliant cannabis packaging. This included a plan to anticipate what federal packaging guidelines would be. Using Canada as a possible model for US compliance we have made the MedTainer CPSA certified and have injected our unique, multi-functional container into the mix as a primary retail and accessory solution in that country. Orders continue to grow. Our profits continue to climb. All this in a market that is only a quarter of the size of the potential US market. We’ve not simply imagined the ramifications, we’ve been acting to realize them.”
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Currently trading at a $84 million market valuation MDTR has $12k in the treasury, $2.9 million in assets and $1 million in current liabilities and growing sales reporting $1,196,498 in revenues for the 6 months ended June 30, 2018 up from $1,090,035 for the same period last year. MDTR is an exciting Company; they recently announced orders for its signature product, the FDA-approved MedTainer(TM), continue to increase beyond the record pace set for the same quarter last year as well as new orders from mj majors such as Tilray, Aurora, Organigram, Aphria, Broken Coast, James E. Wagner and Redecan. These are big names in the mj business and a mark of MDTRs steady Canadian expansion. We will be updating on MDTR when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with MDTR.
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Disclosure: we hold no position in MDTR either long or short and we have not been compensated for this article.