Advanced Container Technologies, Inc. (ACTX) Positioned to Capitalize on Potential Federal Legalization – GlobeNewswire

CORONA, Calif., Feb. 09, 2021 (GLOBE NEWSWIRE) — Advanced Container Technologies, Inc. (OTC:ACTX) (the “Company”), announced it will be able to capitalize on federal legalization of cannabis.
In addition to a full line of customizable packaging solutions and its patented “Medtainer” certified child resistant containers, the company also provides self-contained micro-farms used for cultivation. The company says it provides products and services “from cultivation to consumer.”An article in Forbes stated, “The shift in political leadership in the executive branch and the Senate is making some legal cannabis professionals and pundits feel both excited and optimistic about the future… There is hope that the new Biden/Harris administration coupled with a Democrat-controlled Congress, could herald an era of promise and progression for the sector.”Matt Hawkins, founder and managing partner for cannabis-focused private equity firm Entourage Effect Capital, said that passing the STATES Act should be a top priority, and could mirror current policies that govern the alcohol industry.Brandon Wiegand, regional general manager of The Source dispensaries in Nevada, said since the Senate is no longer under Republican control, cannabis may be legalized in the near future. “With McConnell no longer in a position to obstruct cannabis legislation, I believe we will see [stalled cannabis bills] move forward, giving the cannabis industry much needed support and meaningful reform,” he said.Advanced Container Technologies, Inc. CEO Doug Heldoorn stated, “With the sentiment change of the presidential administration and Congress towards cannabis we feel that ACTX is well position to benefit from any legalization of cannabis at the federal level.” Mr. Heldoorn further stated, “We are now in multiple markets and are able to comply legally to produce and package products in any size and in any region, currently and in the future.”ACT is the exclusive distributor of Grow Pods – transportable micro-farms equipped with advanced technology to

Read More Here...

Share on facebook
Share on twitter
Share on reddit
Share on pinterest
Share on email

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top