CORONA, Calif., Oct. 15, 2018 (GLOBE NEWSWIRE) -- MedTainer Inc. (MDTR-OTCMARKETS) announced today that they are in the final stages of negotiations with Manitoba based Humble+fume to distribute its signature product, the MedTainer™ throughout the entire country. humble+fume’s successes include securing exclusive supply agreements with two of the Canadian Provinces where cannabis retail will be publicly sold and granted “Preferred Supplier” status in each of the other provinces who have announced their intentions. Both MedTainer Inc. and Humble+fume have agreed that the MedTainer should become one of the primary compliant packaging solutions on the market and expect unit sales numbers to increase rapidly and immediately after the agreement is finalized. Humble+fume works with many of the privately run cannabis retailers, who have been awarded licenses to do so, across the country, as well as most of the licensed producers.
This news comes in a week that will see the Canadian retail recreational cannabis market open. Financial experts are projecting that the Canadian cannabis market will exceed $9.2B CAD by 2025. Management of both companies expect to finalize the distribution deal within the next few days and have already begun production of Canadian-compliant MedTainers to meet the expected demand.
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. currently trades on the OTC under the call letters ACOL. 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 products 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 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.