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CORONA, Calif., Feb. 19, 2019 (GLOBE NEWSWIRE) -- Dear Shareholders- I know that you haven’t heard from us in a while, and I apologize for that. I assure you that it was not by omission but by design. The end of 2018 and the beginning of 2019 have been tremendous for our company from several different aspects and we made a conscious decision to delay publishing any news until we could confidently talk about events that we have been planning for several months and have now come together.
First, I’m very pleased to tell you that we have solidified our business associations with many of the Licensed Producers in Canada. In fact, January 2019 has seen the largest LP orders for the Medtainer in our company’s history. Even better, larger orders are on the way. There are several contributing factors to this, primary of which is that there is nothing on the cannabis packaging market today that compares to the multi-fictional, child-safe and legally compliant Medtainer. When we met with other packaging companies this past November in Las Vegas at MJBizCon we asked pointed questions about the lawful suitability of their products; did they meet with the legal standards that were in effect in their locations? Were their products CRR or ASTM Certified? Did they meet with FDA pharmaceutical regulations? The answers that we received were a nearly uniform ‘No’. In short, the Medtainer continues to stand apart from the competition.
Added to this is our continuing campaign to solve one of the most pressing needs that growers have today; pre-packaging cannabis that can be inventoried and sustained fresh for an extended period of time. Once added to the LP’s inventory it can remain there until needed and can then be opened by the consumer and be as fresh as the day it was packaged. The Medtainer and the MedX 2-Way Humidity Pack has solved that problem. This has attracted a lot of attention from producers around the world and increased Medtainer’s value with investors.
In addition to the continuing strong surge in sales that began last year and has continued in the early part of 2019 our company is preparing to expand its operations. Final details are now in place that will effectively double the size of our current business set-up. This expansion will fulfill our expectations for sustained increases in our current output. We estimate that we can, at the very least, double our current output with this expansion. Orders for all of our products are increasing exponentially and new product lines are being finalized that will add to our diversity in the global cannabis and pharmaceutical markets.
2019 is the expected year that the US Federal Government is set to change the current schedule 1 designation of cannabis. This will be another paradigm shift for the industry and the US will finally take center stage as the premiere market for recreational and medicinal cannabis. Our company has been preparing for this event since 2015 when we first envisioned the Medtainer as a federally-compliant cannabis packaging solution. We continue to prove that business model in Canada and throughout the rest of the world, and indeed, the Medtainer and the MedX 2-Way Humidity System are now recognized globally.
Back at the beginning of 2018 we set the goal of capturing 5% of the global cannabis packaging market by 2023. We are well on the way of achieving that goal, and the changes that we are making in the next 90 days confirm that commitment. Now we are taking our place on the world stage.
I am deeply grateful for your patience and your continued faith in us. Together, we are expanding confidently towards new achievements in a fast-moving and exciting market.
For investor or sales information please visit Medtainer Inc. and D&C Distributors online or by phone. The company is located in their production and distribution facility at 1620 Commerce St. Corona, California, 92880.
Medtainer Inc. trades on the OTC under the call letters MDTR. The company’s websites are www.Medtainerinc.com for the hospice and palliative care industry and www.themedtainer.com for the recreational and medical marijuana industry. Orders for Medtainer can be taken online and by phone. Custom orders are especially welcome. Please send all inquiries to info@MedTainerinc.com or call 844-226-5649. Ask for Jack Rein, National Services Director. Medtainer Inc. can also be accessed through Twitter and Instagram at @MedTainerinc
This press release includes statements that are covered by the Private Securities Litigation Reform Act of 1995. Because such statements deal with future events, they are subject to risks and uncertainties and actual results for fiscal year 2016 and beyond could differ materially from the company’s current expectations. Forward-looking statements are identified by such words as “anticipates”, “projects”, “expects”, “planned”, “intends” and “believes” “estimate” “targets” and other similar expressions that indicate trends and future events. It is understood that investment entails risk on the part of the investor and could result in the loss of some or all his or her investment.