Advanced Container Technologies Offers Customized Packaging for Companies Looking to Launch or Build Brands in the Cannabis and CBD Sectors

Rhea-AI Summary

Advanced Container Technologies, Inc. (ACTX) offers customizable packaging solutions for cannabis and CBD businesses, enabling them to create distinctive brands economically. Their product line includes vacuum-sealable storage bags and the patented Medtainer, an FDA-approved, air-tight container with a built-in grinder. With the cannabis pre-roll market surging nearly 50%, the company sees increased demand for its packaging solutions, especially tailored for pre-rolls. CEO Doug Heldoorn notes significant growth in this sector, attributing it to lower inventory costs and robust infrastructure.

Positive

• Strong demand for customizable packaging solutions in the growing cannabis market.
• Introduction of innovative products like the Medtainer, enhancing product appeal.
• Increased sales and revenue opportunities due to surging pre-roll sales in key markets.

Negative

• None.

Company’s complaint packaging solutions and proprietary containers can create powerful brands

CORONA, Calif., July 14, 2021 (GLOBE NEWSWIRE) -- Advanced Container Technologies, Inc (Ticker: ACTX), announced its customizable packaging solutions provide the foundation that allows cannabis and CBD companies to create beautiful brands at an affordable price.

The company offers a variety of packaging solutions, including complaint odor-proof vacuum sealable storage and exit bags, and the patented Medtainer - an air-tight, moisture-proof container manufactured with FDA-approved medical grade plastics, and a unique built-in grinder.

Some of the company’s most popular products are its packaging solutions for pre-rolls.

According to an article in MJBizDaily, sales of cannabis pre-rolls surged nearly 50% last year in key recreational markets.

“Pre-rolls have become the second-fastest-growing product category as cannabis consumers shop for value products and enjoy the convenience of the prepackaged good,” according to the publication. In Washington State alone, pre-roll sales increased by 47.1% from $640.1 million in 2019 to $941.6 million in 2020.

“Pre-rolls can also be a great way for consumers to try out a new strain and, if it works, come back for a higher quantity such as an eighth or more,” the article stated.

“It’s less commitment,” one industry-insider said. “It’s like buying a slice of cake versus buying a whole cake.”

Jim Belushi, the film and television actor who recently started a cannabis business, said that at Belushi’s Farm in southern Oregon, pre-rolls make up about 35% of the company’s revenue.

“Since the pandemic, our joint sales have jumped almost 22% since this time last year,” Belushi said. He added that the company rolled a quarter of a million joints in 2020.

Doug Heldoorn, CEO of Advanced Container Technologies, said the company is now providing customized pre-roll packaging to cannabis and CBD businesses throughout the nation.

“I think the growth of this sector took everyone by surprise,” Heldoorn commented. “Fortunately, we invested in inventory back when prices were lower, and have built out an infrastructure to allow us to accommodate almost any size order,” he added. “So today, we can supply quality custom packaging solutions to everyone from start-ups to large MSOs with intensive logistical requirements.”

And while there will always be the people who walk into a dispensary and already know what they want — many people are still adjusting to the new cannabis market, even in states where it has been legal for several years.

And for those people especially, packaging matters. When a customer is looking at two or more similar products for the first time, often the product with the best packaging wins.

For more information on how to grow your cannabis or CBD business with quality customized packaging, contact Advanced Container Technologies, at: (951) 381-2555 or visit: www.advancedcontainertechnologies.com.

About Advanced Container Technologies, Inc.

Advanced Container Technologies, Inc. is in the businesses of selling and distributing hydroponic containers called GrowPods; and designing, branding and selling medical grade containers and packaging systems; as well as other products and accessories, such as humidity control inserts, odor-proof bags and lighters; plus private labeling and branding services. For more information visit: www.advancedcontainertechnologies.com.

Forward-Looking Statements
This release includes predictions or information considered "forward-looking" within securities laws. These statements represent Company's current judgments but are subject to uncertainties that could cause results to differ. Readers are cautioned to not place undue reliance on these statements, which reflect management's opinions only as of the date of this release. The Company is not obligated to revise any statements in light of new information or events.

Company Contact:
(951) 381-2555
info@advancedcontainertechnologies.com

Investor Relations:
Stuart Smith
SmallCapVoice.Com, Inc.
512-267-2430
ssmith@smallcapvoice.com 

FAQ

What is Advanced Container Technologies, Inc. (ACTX) known for?

Advanced Container Technologies, Inc. specializes in customizable packaging solutions for the cannabis and CBD industry, including odor-proof storage bags and innovative containers like the Medtainer.

How have cannabis pre-roll sales affected Advanced Container Technologies (ACTX)?

The surge in cannabis pre-roll sales, which increased by nearly 50%, has driven demand for ACTX's packaging solutions, particularly for pre-roll products.

Who is the CEO of Advanced Container Technologies, Inc. (ACTX)?

The CEO of Advanced Container Technologies, Inc. is Doug Heldoorn, who has commented on the growth of the cannabis sector and the company's ability to meet increasing demand.

What is the Medtainer offered by Advanced Container Technologies (ACTX)?

The Medtainer is a patented, air-tight, moisture-proof container made from FDA-approved materials, featuring a built-in grinder, aimed at enhancing the packaging of cannabis products.

What are the recent trends in cannabis pre-roll sales?

Recent trends indicate a significant rise in cannabis pre-roll sales, with Washington State reporting a 47.1% increase from 2019 to 2020, reflecting a growing consumer preference for packaged cannabis products.