Acology Inc (OTCMKTS:MDTR) is trading up today as the company’s FDA-approved, child-proof container continues to gain recognition in the industry. MDTR, the company was formerly under the stock ticker ACOL, has product that is versatile for both medical suppliers as it can be easily branded and then also works for recreational users.
With legislation on packaging now in effect, MDTR has begun manufacturing Canada-specific packaging with proper labels and humidity packs in each container. “All the effort that we’ve put into our Canadian operations have begun to pay off. We continue to see new orders from all the major LPs and just recently received a large order from a new, emerging LP that shows great promise,” CEO Curt Fairbrother told shareholders.
Acology Inc (OTCMKTS:MDTR) designs, manufactures, brands, and sells proprietary plastic medical grade containers in the United States. The company offers Medtainer containers that store pharmaceuticals, herbs and herbal remedies, teas, and other solids or liquids, as well as coffee, wines and liquors, and food products. It also provides private labeling and branding services for purchasers of containers and other products.
In addition, the company sells and distributes humidity control inserts, lighters, smell?proof bags, hydroponic grow towers, and other items. It markets its products directly to end users; and retail public through Internet, as well as wholesalers and other businesses. The company was incorporated in 1997 and is based in Corona, California.
Acology Containers give consumers the ability to store, carry, and dispense items such as pharmaceuticals, herbal remedies, teas and many other solid and/or liquid contents with ease.
According to company materials, “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.”
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“Obviously, we are bullish on the future. As our position in the California market continues to grow we fully expect to fulfill the needs of this rapidly-expanding market. To that end we are continually acquiring new data as state licenses are granted. Our sales department is very active in calling and selling new clients. These include dispensaries, smoke shops, retail sellers, wholesalers and various cannabis market opportunists around the world. This single aspect of our business has grown by more than 150% in the last three years. Our active customer downline has grown by more than 225% since 2015.”
Safe containers are one of the important aspects of bringing medical cannabis to consumers. MDTR has the chance to be a very solid pick and shovel operator in this space.
Acology Inc (OTCMKTS:MDTR) has a market cap of 140M with a float of 1.79B. MDTR has the potential to make a run here as legalization looms large. We will be writing updates as more news comes out for the company. Sign-up for continuing coverage on shares of $MDTR stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $MDTR, either long or short, and we have not been compensated for this article.