US-based manufacturer Advanced Container Technologies (ACT) has revealed that it is providing its bottle and packaging solutions for the cannabis industry in the US state of Oklahoma.
In order to support this, the company has expanded its operations in Tulsa to sell bottles and packaging, technology and components that are compliant.
Go deeper with GlobalData
The company will also provide the self-contained micro farm ‘Grow Pods’.
Last week, ACT reached an agreement with GP Solutions to gain exclusive right to market, sell and distribute the latter’s products in the US and its territories.
GP Solutions manufactured Grow Pods are automated and transportable food-grade shipping containers.
Specially designed and equipped with advanced technology, Grow Pods enable cultivators to start quickly with a low investment and a rapid return on investment.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataIt offers a suitable controlled environment to grow a range of horticultural products, including cannabis and hemp, in all environments and climates.
ACT noted that ‘faster harvesting’ leads to ‘earlier revenue generation’.
In October, the US company along with its shareholders entered an exchange agreement with Florida corporation Medtainer.
As part of this agreement, the shareholders exchanged their shares in ACT for 50,000,000 shares of Medtainer’s common stock, making ACT a wholly owned subsidiary of Medtainer.
Following this transaction, Medtainer changed its name to Advanced Container Technologies. It will trade under the symbol ACTX.
