CORONA, Calif., April 01, 2019 (GLOBE NEWSWIRE) -- MedTainer Inc. (MDTR-OTCMARKETS) announced today that talks are under way with legal authorities to join a Canadian exchange and move from its current pinksheet status to OTCQB or OTCQX.
The company finds itself in a strong position heading into the second quarter of 2019 and has decided that its presence on a Canadian exchange is overdue. Whether the move will be made to the Toronto Stock Exchange (TSX) or the Canadian Securities Exchange (CSE) is to be determined. The CSE has been friendlier to cannabis companies while the TSX would be a good position for an emerging industrial company like MedTainer Inc. The company qualifies for both exchanges and the determination will be made based on which exchange places the company in a better trading position.
The move to the QB or the QX will be based on the mechanics of how the US market will act, including new banking procedures and resolutions, once the Federal Government changes the current schedule for cannabis. Both exchanges are agreeable in terms of investor participation and both host a wide variety of companies that have benefitted greatly from the enhanced profiles that each designation offers. Decisions on which exchanges will work best for MedTainer Inc. will be made once the legal opinions have been submitted and potential strategic partners have been consulted.
For investor or sales information please visit MedTainer Inc. and D&C Distributors online or by phone. The company is located in their production and distribution facility at 1620 Commerce St. Corona, California, 92880.
MedTainer Inc. trades on the OTC under the call letters MDTR. The company’s websites are www.Medtainerinc.com for the hospice and palliative care industry and www.themedtainer.com for the recreational and medical marijuana industry. Orders for MedTainer can be taken online and by phone. Custom orders are especially welcome. Please send all inquiries to info@MedTainerinc.com or call 844-226-5649. Ask for Jack Rein, National Services Director. MedTainer Inc. can also be accessed through Twitter and Instagram at @MedTainerinc
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 his or her investment.