California Cannabis Legalization for Adult Use Leads to Record Month for Advantis Corp.
Newport Beach, CA, Jan. 16, 2018 (GLOBE NEWSWIRE) -- - ADVANTIS CORPORATION (OTC PINK: ADVT) announced that it is filling a record number of Amster-Can orders as a direct result of the legal cannabis law going into effect this month in California. The packaging laws that the recreational cannabis industry must follow requires child-proof lids along with specific package and labeling requirements. Advantis has tailored the Amster-Can product to adhere with all requirements of the law, and the recreational marketplace is already responding with, “a massive influx of orders,” according to Advantis CEO, Darren Cherry.
“In California, the 6th largest economy in the world, the cannabis market alone is projected to bring in over $6 billion a year,” Cherry explained. “We have positioned our company and brand perfectly over the past year, and we are the preeminent supplier of packaging solutions in this state, becoming that in Oregon, and now on our way in Nevada.” Cherry says he has stepped up marketing efforts and expansion plans since he came on board in September. “With Oregon ramped up to full production, Nevada ramping up, and the orders for the recreational and medical markets here in California, we are set for a record month of Amster-Can production,” Cherry said. “This is an immediate reaction to the law, and I foresee this sustained growth trend continuing for the foreseeable future.” Last month, Cherry stated that he projects record revenue in every quarter of 2018.
The packaging and labeling laws contained within the California law provide Advantis with a significant market and brand advantage. Recreational purveyors are moving to supply pre-packaged products, as opposed to the standard non-child proof medicine containers that medicinal users have been used to. Amster-Can adheres to state labeling laws, while allowing for branding and marketing opportunities; it also provides the child-proof lids. “Through Speedweed initially and later through sustained marketing efforts, we have developed a trusted brand name that growers and dispensary owners have come to recognize,” Cherry says. “Now we have can size options, optional see-through packaging, the child-proof lids, and additional packaging options coming in the future. I feel confident that we will continue to scale this business as we become the primary cannabis packager for the state of California.” Cherry added that additional opportunities arise to provide Amster-Can branded proprietary and non-proprietary products through their new clients and partners, and the option to pay with Bitcoin has become attractive to some. “We are currently negotiating to be the exclusive packager for several large cultivation farms. I am so excited about what’s happening at Advantis, but even more so for what the future holds.”
Advantis wishes to thank Investors Hangout for mentioning the company in their podcast.
Links to Advantis websites can be found at advantiscorp.com, rosin6.com, elixicure.com, and amstercan.com
About Advantis Corporation
Advantis Corporation (ADVT) focuses on the development of innovative products that supply the medical, research, and pharmaceutical industries. The company additionally establishes partnerships with businesses that develop and sell proprietary pain management, and consumer products and services.
Forward Looking Statements: This news release contains forward-looking statements made by ADVANTIS CORPORATION. All such statements included in this press release, other than statements of historical fact, are forward-looking statements. Although management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Actual results may differ materially from those indicated by these statements. The following risk factors, among others, could cause actual results to differ materially from those described in any forward- looking statements. These risks and uncertainties include, but are not limited to, economic conditions, changes in the law or regulations, demand for products of the Company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward looking statements. Forward looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate, and similar expressions or which by their nature refer to future events. The Company is not entitled to
California Recreational Cannabis Legalization Leads to Record Month for Advantis Corp.
rely on the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 because it is not registered under either Act.
CONTACT: Media Relations Contact Name: Woo Kim, Director Organization: Advantis Corporation Phone: 949-354-3585 Address: 1048 Irvine Ave. #900 Newport Beach, CA 92660 E-mail: email@example.com