WHISKYLADY
4 years ago
Interview,PR or news
I have invested over $20 thousands since 2017 and this company has no credibility over any news,PR which were found as false misleading info
I was known as pumper here for long,
because I posted company press release and news like you did which later found as false and misleading info
none of company's PR were true sales LP orders and uplist were not true
2020 3 months 10Q ending September 30th
Note 3 – Going Concern
The accompanying consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. At September 30, 2020, the Company had a working capital deficit of $1,301,346. In addition, the Company has generated operating losses since its inception and has notes payable that are currently in default. These factors, among others, raise substantial doubt about the ability of the Company to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the successful execution of its operating plan which includes increasing sales of existing products while introducing additional products and services, controlling operating expenses, negotiating extensions of existing loans and raising either debt or equity financing. There is no assurance that the Company will be able to increase sales or to obtain or extend financing on acceptable terms, or at all, or successfully execute any of the other measures set forth in the previous sentence.
22gtelite
4 years ago
Thought I'd post this up. The board has been kinda dead.
Expanding to Oklahoma
This is something :)
CORONA, Calif., Nov. 24, 2020 /PRNewswire/ -- Advanced Container Technologies, Inc. (Ticker: OTC:ACTX), announced it has expanded its operations in Tulsa, Oklahoma. The company will sell its bottles and packaging; technology and components used for cultivation; as well as the "Grow Pod" self-contained micro-farms.
In 2018, Oklahoma voters approved State Question 788. Since the voter approval, numerous businesses, entrepreneurs as well as existing farmers have been eager to get into the highly lucrative market, which require large investments for land or warehouse space, and equipment.
Grow Pods offer a unique pathway for growers to get started quickly - with a low investment and a rapid ROI.
Grow Pods are transportable food-grade shipping containers that are specially modified and equipped with advanced technology to provide an optimal environment for growing a wide range of horticultural products, including cannabis and hemp.
Rather than taking months to identify and acquire indoor or outdoor space; plus research, order and install all the necessary equipment; GrowPods are fully equipped with a "plug and play" configuration. This allows growers to get plants started in just a matter of days after taking delivery. This translates to faster harvesting and earlier revenue generation than with conventional agricultural methodologies.
Grow Pods feature a sealed eco-system utilizing filtered air and water that eliminates pests and pathogens, so that the plants grow beautifully, which can command a higher price in the market. And, with the ability to grow year-round, Grow Pods give farmers the opportunity to expand into new high-margin niches, including hemp for CBD, and nutritious, better-than-organic "Super Foods."
According to a recent report (https://bit.ly/3q3pVbx) the North America legal marijuana market size is expected to reach $104.9 billion by 2027, expanding at a CAGR of 15.5%.
For more information, call: (951) 381-2555 or visit: www.advancedcontainertechnologies.com.
Hug Life
4 years ago
So, I did some DD on this case. I should clarify immediately that I likely did not find everything. If you can find more, please let us all know.
According to the company, they reached out immediately to the SEC to fix the problem. They have also mentioned the situation in subsequent reports through the June 30, 2020, quarterly report, which was published on September 28.
Hug Life
4 years ago
https://virtual-strategy.com/2020/10/20/medtainer-inc-completes-acquisition-of-advanced-container-technologies-inc/
CORONA, Calif., Oct. 20, 2020 /PRNewswire/ — On October 9, 2020, Medtainer, Inc. (MDTRD) consummated an exchange agreement with California-based Advanced Container Technologies, Inc. (“ACT”) and its shareholders under which these shareholders exchanged their shares in ACT for 50,000,000 shares of Medtainer’s common stock. As a result, ACT has become the wholly owned subsidiary of Medtainer. In connection with this transaction, Medtainer, which is a Florida corporation, changed its name to Advanced Container Technologies, Inc., effective October 3, 2020, and its trading symbol to ACTX, effective 20 business days after October 9. On October 8, 2020, the outstanding shares of Medtainer’s common stock were reverse-split on the basis of one new share for every 59 shares outstanding. Medtainer now has 51,001,860 shares outstanding, which are held by 427 shareholders.
On August 6, 2020, ACT and GP Solutions, Inc. (“GP”), of Colton, California, entered into a Distributorship Agreement, under which ACT has the exclusive right to market, sell and distribute GP’s products in the United States and its territories. This agreement has an initial term that expires on December 31, 2025, and is renewable indefinitely as long as ACT meets prescribed sales targets. GP manufactures fully insulated, food-grade shipping containers that are specifically modified to provide an optimal controlled environment for growing a wide range of horticultural and agricultural products in all environments and climates. The containers can be used to grow large amounts products in a small volume and in a short period: for example, according to GP, 4,000 heads of romaine lettuce can be grown in a single container in less than 5 weeks.
Medtainer entered into the exchange agreement because its board of directors believed that the company needed to expand its product base and become profitable. Douglas P. Heldoorn, the chief executive officer of Medtainer and a member of its board of directors, stated: “Our sales have been relatively flat for the past several years and the Company has a history of losses. We are delighted to have acquired ACT and believe that it offers an opportunity to expand our products, enter into a new market and increase shareholder value.”
On October 9, Daniel Salinas, of Broken Arrow Oklahoma and Eric Horton, of San Diego California, were appointed to the board of directors, following the resignations of Russell Ward and Jeffory A. Carlson, and Mr. Carlson was appointed chief financial officer of Medtainer.
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