NEWPORT BEACH, CA , Jan. 29, 2018 (GLOBE NEWSWIRE) -- ADVANTIS CORPORATION (OTC PINK: ADVT) announced that it is finalizing an agreement to provide Amster-Can and other Advantis branded products to a licensed manufacturer and seller in Colorado. While the company nears production capacity on the newest Amster-Can canning machine at its home-base in California, Advantis continues to expand its network in California. The larger size see through cans and child-proof lids N2Pack developed has already received several thousand pre-orders in time to implement California’s strict packaging laws for the recreational cannabis industry.
Advantis CEO, Darren Cherry, says the company has been working to expand into Colorado for some time. “There were significant barriers to entering the Colorado market in the beginning,” Cherry explains. “We’ve developed relationships over time and have now found the perfect licensed manufacturer and seller to partner with.” Details of the pending agreement include Amster-Can packaging and other branded and co-branded products. “It’s a competitive landscape, and this is the first step toward proving ourselves in the state and further establishing our brand name across the nation.” Cherry says details of the agreement are similar to the arrangements made in Oregon and Nevada; upon finalization of the agreement, the licensed manufacturer will go into full canning production.
Since Cherry began as CEO in September, Advantis expanded its Amster-Can operation into Oregon and Nevada with partners that have enough product to reach packaging capacity with their daily volume. This expansion is made possible through their solid partnership with N2pack, which supplies the patented packaging equipment to Advantis. “We learned that in order to expand into other states, we must be nimble and responsive to the evolving marketplace. We’ve developed a turnkey process to provide equipment and manpower to package goods anywhere around the globe,” Cherry said. “It’s just a matter of time, exposure, and marketing... and of course building great relationships.”
Cherry has been building on the relationships the company established in California, but brings much more to the table than the Advantis Board could have hoped for. “In just 3 short months, Darren Cherry has accomplished what we have been working years toward: national expansion,” said Advantis Board member, Woo Kim. “We just received the larger packaging machine to keep up with production in California when we brought him on board; it is already nearing capacity with thousands of pre-orders for the California recreational market on deck. This is all thanks to Darren’s integrity, established client network, and amazing branding and marketing skills. His logistical development to create this scalable business model is unmatched in this industry. Oregon, Nevada, and now Colorado... the Board couldn’t be happier with its choice of leadership,” Kim concluded. He was sure to include that Cherry is currently implementing a plan to more than double California Amster-Can production.
While Oregon, Nevada, and Colorado have had recreational cannabis laws for some time, California is quickly becoming the largest marketplace, with recreational sales expected to top $6 billion this year. “California is our home base for a reason,” Cherry stated. “This is where it all started. This is where medical cannabis got the ball rolling toward full legalization across the nation, over 20 years ago. This is where I’ve had and have been building my relationships over the decades. I’ve found my home at Advantis and have invited my network to join me.” Cherry says the company is currently in negotiations with several companies in Northern and Southern California to become their exclusive packaging provider. “Each opportunity is unique, and we will further penetrate the Northern California cannabis market. We are near capacity with the newest packaging equipment, so we will be ordering additional packaging machines -- whether it will be several ‘mobile’ units or another larger machine in our home office, depends on the type and size of agreements we make with our newest partners. When these deals all finalize, we will have more than doubled California packaging capacity... while we are working on further national expansion,” Cherry related.
Every company that Advantis is currently negotiating with has their current medical cannabis license and temporary recreational licenses from the state of California. “Pre-sales of the California recreational-compliant packaging are through the roof,” Cherry exclaimed. “The larger cans and see through packaging is in high demand, as California’s child-proof packaging laws take effect. New sizes equal more shelf space, more shelf space equals more revenue per square foot of dispensary. All of our clients recognize the branding and marketing opportunities, and the nitrogen-fresh canning process is part of that marketing story.” California requires specific labeling verbiage and child-proof lids for cannabis sold in the recreational marketplace. Advantis developed a branding and co-branding process to custom design labels for the patented packaging to include branding and marketing space, in addition to the required language to be in compliance with state law. “The future is bright and getting brighter by the day. 2018 is proving to be the year of rapid expansion for Advantis, and I will ensure we responsibly keep pace with this massive rise in demand,” Cherry concluded, alluding to plans to order new machines and independent contractors to achieve the company’s expansion goals.
Advantis wishes to thank Investors Hangout for mentioning the company in their podcast.
Links to Advantis websites can be found at advantiscorp.com, rosin6.com, elixicure.com, and amstercan.com
About Advantis Corporation
Advantis Corporation (ADVT) focuses on the development of innovative products that supply the medical, research, and pharmaceutical industries. The company additionally establishes partnerships with businesses that develop and sell proprietary pain management, and consumer products and services.
Forward Looking Statements: This news release contains forward-looking statements made by ADVANTIS CORPORATION. All such statements included in this press release, other than statements of historical fact, are forward-looking statements. Although management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Actual results may differ materially from those indicated by these statements. The following risk factors, among others, could cause actual results to differ materially from those described in any forward- looking statements. These risks and uncertainties include, but are not limited to, economic conditions, changes in the law or regulations, demand for products of the Company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward-looking statements. Forward looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate, and similar expressions or which by their nature refer to future events. The Company is not entitled to rely on the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 because it is not registered under either Act.