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Acology Becomes Medtainer: Name Change Announced, Call Letters Changing, North American Business Increases Significantly
CORONA, Calif., Sept. 24, 2018 (GLOBE NEWSWIRE) -- Acology Inc. (ACOL-OTC) has filed an 8K with the SEC announcing that they have changed the name of the company to MEDTAINER INCORPORATED and have filed a request to change their call letters to reflect that change.
The name change is the result of hard work by the company, changing over from a simple distribution business to owning and controlling all the intellectual property, including the patents and trademarks, of this growingly popular container. The MedTainer’s is now recognized around the world, with 7 global URLs and 100,000 online followers.
Sharp increases in orders for the multi-functional MedTainer and 2-way humidity packs continue. Orders have been received from many of the major LPs in Canada, including Tilray, Aurora, Organigram, Aphria, Broken Coast, James E. Wagner and Redecan. With the Canadian legal cannabis rollout beginning in less than a month Acology/MedTainer is now poised for increased business with strategically-placed companies in the cannabis sector that see the Medtainer as an opportunity to create branding, labeling and licensing agreements.
Acology/MedTainer has set its’ sights on strategic partnerships with several of these emerging companies and will possibly have agreements in place by the end of the year. Acology/Medtainer’s management’s design is to offer numerous size and functionality options for the entire cannabis industry. The 20-dram Medtainer will become the platform to launch these packaging selections with the goal of capturing 5% of the total global cannabis packaging market by 2022. North America is an essential part of the organizational blueprint, with the eventual reclassification of the United States FDA cannabis Schedule 1 designation happening, as some experts have predicted, next year.
This is in keeping with the company’s mission of increasing its’ value steadily over the course of the last 24 months, strengthening the company’s position as the cannabis market begins to accelerate.
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 of his or her investment.
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