USDA Announces Initiative to Build a Better Food System in America

Rhea-AI Summary

Advanced Container Technologies (Ticker: ACTX) is positioned to support the USDA's 'Build Back Better Food System Transformation Initiative,' aimed at improving access to nutritious foods in underserved areas. This initiative seeks to create a more resilient food system, highlighted by the use of GrowPods, transportable controlled environment farms that allow for local food production. Secretary Tom Vilsack emphasized delivering local products to communities in need, ultimately enhancing food quality and reducing environmental impacts.

Positive

• ACTX is strategically aligned with the USDA's initiative to improve food access.
• The company provides GrowPods, which enable local cultivation and reduce food transport emissions.
• ACTX serves as the exclusive distributor of GrowPods in certain markets.

Negative

• None.

CORONA, Calif., March 9, 2022 /PRNewswire/ -- Advanced Container Technologies, Inc. (Ticker: ACTX), announced it is ideally suited to help meet the needs of the new USDA initiative to build a new and more equitable food system.

The "Build Back Better Food System Transformation Initiative" is striving to expand access to nutritious food in rural, tribal, and other currently underserved areas.

"One of the lessons from COVID-19 is that the current food system is too rigid, consolidated and fragile," the USDA stated. 

ACTX can be an integral part of this effort by providing GrowPods - transportable controlled environment farms. With GrowPods, cultivation can be moved directly into the areas where food is needed. Additionally, locating the pods nearer to the point of consumption allows food to be harvested at its peak nutritional value, and greatly reduces the carbon and environmental impact of the nation's current food chain, which relies on trucks carrying mass quantities of produce across the country.

Agriculture Secretary Tom Vilsack said that the goal of the program is to reach underserved communities.  "This program will help get local and regional agricultural products into schools, food banks and other nutritional assistance programs, and organizations that reach underserved communities," he commented.

The USDA stated it is "transforming America's food system with a greater focus on more resilient local and regional food production... ensuring access to safe, healthy, and nutritious food in all communities."

ACTX is the exclusive distributor of GrowPods in certain markets. The company also provides a variety of other products and services, including packaging solutions for medicinal, pharmaceutical, and agricultural products.

For more information on GrowPods or Advanced Container Technologies, call: (951) 381-2555 or visit: www.advancedcontainertechnologies.com.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about ACTX' beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. All information provided in this press release is as of the date of this press release, and ACTX undertakes no duty to update such information, except as required under applicable law.

 

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SOURCE Advanced Container Technologies, Inc.

FAQ

What is the USDA's 'Build Back Better Food System Transformation Initiative'?

It is an initiative aimed at expanding access to nutritious food in underserved areas, promoting local and regional agricultural products.

How is Advanced Container Technologies (ACTX) involved in the USDA initiative?

ACTX is providing GrowPods, which are transportable controlled environment farms, to enhance local food production.

What are GrowPods and how do they benefit food systems?

GrowPods are portable farms that allow for cultivation closer to consumption points, improving food quality and reducing carbon footprints.

Who is the Agriculture Secretary supporting this initiative?

Agriculture Secretary Tom Vilsack is leading the initiative to transform America's food system.

What other products does ACTX offer?

In addition to GrowPods, ACTX offers various packaging solutions for medicinal, pharmaceutical, and agricultural products.