Medtainer, Inc. (OTCMKTS: MDTR) made a spectacular move up after the Company announced they have formally changed their name to Medtainer, Inc. CEO Curtis Fairbrother said “Aurora Cannabis’ order increased last week and we were featured in a story on EQUITIES.COM. Our production tables are filled with orders and our printing operations are in full gear.”
MDTR has seen a spectacular rise in recent days since being stuck at $0.01 range for months. The stock does have a long history of big moves running to $0.05 a share at the end of last year.
Medtainer, Inc. (OTCMKTS: MDTR) bills itself as a 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.
Earlier this year MDTR acquired the entire intellectual property portfolio for their signature product, the MedTainer(TM). The purchase includes both the U.S. design and utility patents, patents-pending in the European Union, international trademarks, domain names and all manufacturing processes and licenses, including molds, casts, patterns and forms. These properties, previously held by Polymation LLC, enables the company to move forward with Acology’s plan to expand its growing operation and enable it to begin developing new products based on the unique engineering principles that have made the MedTainer so successful. Acology’s public portfolio also expands considerably with this acquisition. The Company believes the MedTainer is an indispensable product for not one, but two, rapidly expanding industries in the rapidly growing legal marijuana marketplace.
In July MDTR said orders for the MedTainer(TM), continue to increase beyond the record pace set for the same quarter last year. In addition, more Licensed Producers have begun to order what Acology 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.
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With legislation decided, and packaging rules now in effect throughout the country, Acology has begun manufacturing Canada-specific packaging with proper labels, child-resistant lids and two-way humidity packs in each MedTainer. Acology has focused on becoming the standard packaging system for across-the-counter, pre-packaged cannabis sales in North America.
MedTainer recently 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.
Last week MDTR announced Aurora Cannabis has 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.
CEO Curtis Fairbrother said “Obviously, we are bullish on the future. As our position in the California market continues to grow we fully expect to fulfill the needs of this rapidly-expanding market. To that end we are continually acquiring new data as state licenses are granted. Our sales department is very active in calling and selling new clients. These include dispensaries, smoke shops, retail sellers, wholesalers and various cannabis market opportunists around the world. This single aspect of our business has grown by more than 150% in the last three years. Our active customer downline has.
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Currently trading at a $46 million market valuation MDTR has $12k in the treasury, $2.9 million in assets and $1 million in current liabilities. 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 Acoology steady Canadian expansion. In addition, more Licensed Producers have begun to order what Acology has positioned as one of the primary, if not THE primary, retail packaging containers for the emerging cannabis market. 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.