CannabisNewsBreaks – Advanced Container Technologies Inc. (ACTX) to Attend Benzinga Cannabis Capital Conference

Advanced Container Technologies (OTC: ACTX), which offers a wide array of products including environmentally controlled transportable cultivation systems, unique packaging supplies, in-demand accessories, and white labeling services, today announced that it will attend the Benzinga Cannabis Capital Conference – the leading cannabis-focused investment event in North America. According to the update, the ACTX executive team will connect with the investment community and present its unique value proposition to raise awareness and generate increased interest in the company. “We offer a dynamic product range and are focused on achieving rapid and sustainable growth,” Douglas Heldoorn, CEO of Advanced Container Technologies, said in the press release. “We believe that we are well-positioned with the right products in the right markets, and we look forward to connecting with the cannabis investment community.”

To view the full press release, visit https://cnw.fm/P2dSC

About Advanced Container Technologies Inc.

Advanced Container Technologies is in the business of selling and distributing self-contained, automated, indoor “micro-farms” called Grow Pods, along with related equipment and supplies. Additionally, the company designs and sells patented proprietary medical-grade plastic containers, known as the Medtainer(R), that store and grind pharmaceuticals, herbs, teas and other solids or liquids. For more information, visit the company’s website at www.AdvancedContainerTechnologies.com.

NOTE TO INVESTORS: The latest news and updates relating to ACTX are available in the company’s newsroom at https://cnw.fm/ACTX

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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420 with CNW — Federal Regulator Cheers State-Level Cannabis Banking Reforms Amid Congressional Inaction

Banking is one of the most crucial resources the state-legal cannabis industry is missing out on due to federal prohibitions. Fearing retaliation from the federal government, most financial institutions refuse to work with cannabis businesses, depriving them of financial services such as bank accounts and loans.

Additionally, it forces marijuana businesses to operate on a cash-only basis, which significantly increases the risk of burglaries and robberies. However, some states have made efforts to increase access to banking services in the nascent cannabis sector in a bid to address these problems.

Former chair of the National Credit Union Administration (NCUA) Rodney Hood says that while these efforts deserve plenty of praise, chances are they won’t be enough to change cannabis banking without congressional intervention. Speaking at an Emerging Markets Coalition about the cannabis banking dilemma, he said that this issue “demands special attention.”

Cannabis has proven to be one of the fastest-growing industries in the country, generating billions of dollars in sales and creating hundreds of thousands of new jobs. If the industry is given access to banking and loan services, it has the potential to be extremely lucrative in the long term. Hood noted that the surge in crime targeting cannabis businesses led to the development of certain protections at the state level for financial institutions that worked with the cannabis industry. Lawmakers in New York are even looking to provide tax breaks for the state’s new cannabis market. Pennsylvania has also passed a bipartisan bill that would protect banks as well as insurers that service medical cannabis businesses.

Hood commended state officials around the country who are trying to find ways to give the cannabis sector access to banking services amid federal inaction. However, Hood said, what the industry really needs is a federal solution instead of a patchwork of state policies to effectively fix the cannabis banking problem. As it stands, state-legal cannabis is worth billions of dollars and is poised to grow exponentially over the years yet it has a practically nonexistent infrastructure for commercial banking. With federal legalization looming on the horizon, the need for cannabis banking has become even greater.

The NCUA has formed an internal working group to work on solutions for cannabis banking in preparation for Congressional action on some kind of cannabis banking bill. One such legislation is the Secure and Fair Enforcement (SAFE) Banking Act, which has been passed by the House several times but stalled in the Senate.

Once federal reforms are enacted, we could see a boom in the activities of companies such as Advanced Container Technologies Inc. (OTC: ACTX) since fairly uniform enabling regulations will have been established for the entire country.

NOTE TO INVESTORS: The latest news and updates relating to Advanced Container Technologies Inc. (OTC: ACTX) are available in the company’s newsroom at https://cnw.fm/ACTX

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CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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Advanced Container Technologies Inc.’s (ACTX) Grow Pods Offer Attractive Investment Option for Entry into Indoor Farming

Modular indoor farming is expected to grow to $9.7 billion worldwide by 2026
The “Times” reports that controlled-environment agriculture, including indoor farms, is attracting venture capitalists
ACT’s Grow Pods are essentially micro-farms that can be placed anywhere and allow cultivation 365 days a year

Modular indoor farms are expanding as the demand for year-round produce steadily increases, reports the “New York Times” last week (https://cnw.fm/0zpqd). That upward swing is not news to Advanced Container Technologies (OTC: ACTX), a savvy company that has been pioneering the idea through the distribution of self-contained, automated, indoor micro-farms called Grow Pods.

“Vertical farming is expected to grow to $9.7 billion worldwide by 2026, from $3.1 billion in 2021, according to ResearchAndMarkets.com, a data analysis firm,” states the “Times.” The article went on to report that a recently constructed 95,000-square-foot warehouse in Compton, California, “ticks off all the boxes for ideal storage,” including 32-foot-high ceilings, a secure truck court and access to truck routes. “But it won’t be used for cargo or storage,” the article noted. Instead, the huge warehouse is an indoor vertical farm, expected to open later this year.

“At a time when supply chain disruptions continue to slow distribution, consumers embrace healthy eating habits and climate change is expected to affect crop yields, a practice known as controlled-environment agriculture, including indoor vertical farms relying on artificial light and technology, is attracting venture capitalists,” the article continued. “Pitchbook, a financial data and software company in Seattle, tracked 33 deals worth nearly $960 million in 2021, up from $865 million the year before and $484 million in 2019.”

Few companies are more ideally suited for success in this growing space than Advanced Container Technologies. The company is the sole distributor of Grow Pods, which are advanced, self-contained hydroponic containers manufactured by GP Solutions Inc. (https://cnw.fm/NZPMi). “These innovative automated systems are essentially micro-farms that can be placed virtually anywhere and, with their controlled and specially filtered environment, allow cultivation of a wide variety of crops, 365 days a year,” states the company.

The controlled environment of a Grow Pod offers major advantages for companies looking to produce high-value crops, including the ability to grow produce year-round and the ability to cultivate in a smaller footprint using less water and power. “Grow Pods offer constant temperature, humidity and airflow control, as well as automated watering and lighting schedules for optimal growth and minimal labor requirements, regardless of crop,” says ACT.

Advanced Container Technologies is in the business of selling and distributing Grow Pods, along with related equipment and supplies. Additionally, the company designs and sells patented, proprietary medical-grade plastic containers, known as the Medtainer(R), that store and grind pharmaceuticals, herbs, teas and other solids or liquids.

For more information, visit the company’s website at www.AdvancedContainerTechnologies.com.

NOTE TO INVESTORS: The latest news and updates relating to ACTX are available in the company’s newsroom at https://cnw.fm/ACTX

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Advanced Container Technologies Inc. (ACTX) Makes Mark at CannaCon Conference, Strengthens Foothold in Growing Market

The company exhibited at the premier event, held March 31–April 1, 2022
ACT has worked to strengthen its presence in the cannabis space
This strategic positioning comes as the global cannabis packaging market is projected to reach $297.51 billion by 2026

Advanced Container Technologies (OTC: ACTX) recently wrapped up a successful appearance at the CannaCon Conference, showcasing its new product line and strengthening brand awareness. The company exhibited at the premier event, held March 31–April 1, 2022, alongside Grassfire Distro, ACT’s exclusive packaging reseller (https://cnw.fm/sLimf).

Prior to the two-day event, Advanced Container Technologies CEO Doug Heldoorn noted that ACT had experienced “tremendous success” at last year’s CannaCon Conference. “We have an extensive line of new and exciting products that can help cannabis companies maximize profits throughout the ecosystem — from the cultivator to the retailer,” he stated.

Since its participation in CannaCon last year, Advanced Container Technologies has worked to strengthen its presence in the cannabis space. Recognizing that safe, quality packaging in the sector is essential, ACT offers an impressive line of products, including an array of options for virtually every type of cannabis and hemp product, branding solutions, controlled environment cultivation systems, lighting, nutrients and a variety of other essential items.

Most recently, the company launched its Store ‘n Seal bags, a new line of premium-quality packaging (https://cnw.fm/NkH1N). The new commercial-grade bags are leak proof, odor proof and watertight, and are designed to store vegetables, lettuce, leafy greens and even cannabis safely. The bags, which feature thick 5ml plastic with a resealable zipper across the top, are available in two varieties: a silver bag with a see-through window and a black-out bag. Each bag holds up to two pounds of product.

This strategic positioning comes as the global cannabis packaging market is projected to reach $297.51 billion by 2026, with a CAGR of 22.59% (https://cnw.fm/0wr6N). ACT’s quality options aren’t going unnoticed; the company recently reported year-over-year revenues that show a 209% increase over the prior period, and company management expects that trend to continue.

“We believe that we are in a stronger position than most of our competitors who are hampered by enormous operating expenses and dwindling growth rates,” says Heldoorn. “With our focus on remaining nimble and keeping costs and operating expenses as low as possible, we are in an excellent position to continue to grow rapidly outperform our competition in many key indicators.”

“As the cannabis market continues to become more competitive, it becomes even more important for companies to find new ways to increase profitability,” Heldoorn added. “Our unique product line can help companies grow brands, deepen customer loyalty, and increase profits.”

Advanced Container Technologies is in the business of selling and distributing self-contained, automated, indoor “micro-farms” called Grow Pods, along with related equipment and supplies. Additionally, the company designs and sells patented, proprietary medical-grade plastic containers, known as the Medtainer(R), that store and grind pharmaceuticals, herbs, teas and other solids or liquids.

For more information, visit the company’s website at www.AdvancedContainerTechnologies.com.

NOTE TO INVESTORS: The latest news and updates relating to ACTX are available in the company’s newsroom at https://cnw.fm/ACTX

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420 with CNW — Schumer Reaches Out to GOP Senators for Input on Upcoming Cannabis Legalization Bill

Senate Majority Leader Chuck Schumer has made his support for cannabis reform quite clear. Last year he revealed that he was working on a bill that would federally legalize cannabis and he has stated that he would act on cannabis legislation with or without President Joe Biden’s approval. However, efforts to pass some kind of marijuana legislation, whether it is widespread reform or cannabis banking, have been held back by the GOP.

Cannabis legalization is one of the many things Republicans and Democrats can’t seem to agree on. While a lot of Democrats believe that legalizing cannabis would be beneficial for the economy, millions of Americans looking for alternative medical options, and communities that were disproportionately harmed by the drug war, many Republicans are completely against legalizing cannabis.

With Schumer planning on introducing the Cannabis Administration & Opportunity Act (CAOA) to the Senate later this month, he has revealed that he and his colleagues are reaching out to GOP senators for their input on the bill. According to Schumer, he would like to see what the Republican senators would like to include in the bill before he files it near the end of April.

The legislation has been in the works for quite some time now, with the senate majority leader discussing plans to unveil it for longer than a year. Last February, Schumer said that he and his colleagues would be unveiling the Cannabis Administration & Opportunity Act before circulating a letter among lawmakers for input on the bill.

During a recent press briefing, Schumer said that he along with bill co-sponsors Senate Finance Committee Chairman Ron Wyden and Senator Cory Booker have been discussing the bill and are trying to reach out to lawmakers from the right for their input.

Schumer’s comments come just a few days after the House of Representatives passed the MORE Act for the second time. The legislation would end federal cannabis prohibition, launch a commercial cannabis market and try to alleviate the damage caused by the war on drugs. Unsurprisingly, most of the votes in favor of the bill came from the Democrats while only three Republicans approved the cannabis reform legislation.

As it stands, the GOP has repeatedly stood in the way of any federal cannabis reform that gets to the Senate as the left has a slim majority. If Schumer can get enough Republican senators on his side, Congress could finally legalize cannabis at the federal level after decades of prohibition, creating an environment that allows industry actors such as Advanced Container Technologies Inc. (OTC: ACTX) to offer value to people across the country.

NOTE TO INVESTORS: The latest news and updates relating to Advanced Container Technologies Inc. (OTC: ACTX) are available in the company’s newsroom at https://cnw.fm/ACTX

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420 with CNW — House Approves Federal Marijuana Legalization Measure

Last week, the U.S. House of Representatives approved a measure that would legalize cannabis across the country as well as eliminate criminal penalties for any individual who possessed, distributed or manufactured the substance. Legislators passed the Marijuana Opportunity Reinvestment and Expungement (MORE) Act in a 220 to 204 vote. The same act was approved in the House in 2021 but failed to advance in the Senate.

This measure, which was sponsored by House Judiciary Chairman Jerrold Nadler, will deschedule marijuana from the government’s Schedule I classification under the Controlled Substances Act. It will also set up procedures for the expungement of prior convictions from individuals’ records and levy a tax on the sale of marijuana products. This tax will start at 5%, before eventually increasing to 8%.

Funds raised through the imposed tax will be directed to a fund set up to provide youth recreation programs, re-entry services, legal aid, substance-use treatment programs, mentoring programs and job training programs. It will also offer loans to small businesses involved in the marijuana industry. Qualifying companies must be controlled and owned by economically and socially disadvantaged individuals.

In her remarks last week about the legislation, House Speaker Nancy Pelosi stated that the landmark bill was one of the most important criminal justice reform measures in recent history. Pelosi stated that the measure would decriminalize cannabis at the federal level, provide opportunities for individuals to participate in the cannabis industry and deliver justice for individuals harmed by the unfair and brutal consequences of the criminalization of marijuana, so that the grave mistakes of the past wouldn’t be repeated.

The House Speaker also called attention to the changes made at the state level over the past few decades, noting that it was time for the federal government to jump on the bandwagon. Thus far, Washington, DC, and 18 other states in the country have legalized cannabis for recreational use, with DC and another 37 states also enacting laws to legalize medical cannabis. California was the first state in the country to legalize medical cannabis in 1996.

Meanwhile, Senators Cory Booker and Ron Wyden are working with Senate Majority Leader Chuck Schumer to draft a similar legalization measure in their chamber. However, prospects for approving such a measure in the Senate appear to be slim given that Democrats would need every member as well as 10 Republicans to overcome the 60-vote obstacle that is required for the measure to advance to a final vote.

Should marijuana prohibition be ended at the federal level, entities such as Advanced Container Technologies Inc. (OTC: ACTX) will grow a lot faster because of the wider market that will be opened.

NOTE TO INVESTORS: The latest news and updates relating to Advanced Container Technologies Inc. (OTC: ACTX) are available in the company’s newsroom at https://cnw.fm/ACTX

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CannabisNewsBreaks – Why Advanced Container Technologies Inc. (ACTX) Is ‘One to Watch’

Advanced Container Technologies (OTC: ACTX) markets and sells advanced, self-contained hydroponic containers called Grow Pods; the patented Medtainer(R), a water-tight, air-tight, smell-proof, child-resistant, medical-grade herb container and grinder; and related products, such as humidity controllers and LED lighting systems for vertical farming. Medtainers may be used to store pharmaceuticals, herbs, teas, and other solids or liquids and can grind solids and shred herbs. The company also provides private labeling and branding services for purchasers of Medtainers and certain related products. At the same time, Advanced Container Technologies is currently the sole U.S. distributor of Grow Pods, developed and manufactured by GP Solutions Inc., having entered the Grow Pod business in October 2020 with the acquisition of all shares of Advanced Container Technologies Inc., a California corporation. “As of Feb. 28, 2022, ACTX is exploring the acquisition of the assets and the assumption of some or all the liabilities of GP Solutions Inc.,” a recent article reads. The Grow Pods offer a self-contained, indoor “micro-farm” environment that also features unique and innovative automated systems, meaning the Grow Pods can be placed virtually anywhere. With their controlled and specially filtered environment, they allow the cultivation of a wide variety of crops closer to the point of consumption all year round. Moreover, “Indoor micro-farms, utilizing a practice known as vertical farming, have attracted the attention of governments and universities, which are now promoting vertical farming as a way to combat food insecurity and inequities.”

To view the full article, visit https://cnw.fm/syRoa

About Advanced Container Technologies Inc.

NOTE TO INVESTORS: The latest news and updates relating to ACTX are available in the company’s newsroom at https://cnw.fm/ACTX

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CannabisNewsBreaks – Advanced Container Technologies Inc. (ACTX) Founder Featured in Bell2Bell Podcast

Advanced Container Technologies (OTC: ACTX), the exclusive U.S. distributor of self-contained, automated, indoor “micro-farms” called Grow Pods, along with related equipment and supplies., is spotlighted in the latest episode from the Bell2Bell podcast. ACTX founder and chair Doug Heldoorn chatted with host Stuart Smith, providing insight into the company, the agricultural advantages of Grow Pods and the potential of the company. Heldoorn also discussed Advanced Container Technologies’ operational goals for the remainder of 2022 and beyond. The Bell2Bell Podcast delivers informative updates and exclusive interviews with executives operating in fast-moving industries. “As excited as everybody is about the cannabis industry, Grow Pod technology aligns with so many factors of society today,” said Advanced Container Technologies founder and chair Doug Heldoorn during the interview. “I’m twice as excited about that as I am with the cannabis industry. . . [Grow Pods] offer a growing system that uses 70% to 75% less water than regular irrigation. You have a controlled environment where right now in California you can grow outdoor vegetables in a controlled setting . . . We can plug this into any state and make it self-sufficient. With Grow Pods, you control the environment, therefore you can control the outcome.”

To listen to the full interview, visit https://cnw.fm/AgcGi

To view the full press release, visit https://cnw.fm/BgvcG

About Advanced Container Technologies Inc.

NOTE TO INVESTORS: The latest news and updates relating to ACTX are available in the company’s newsroom at https://cnw.fm/ACTX

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CannabisNewsBreaks – Advanced Container Technologies Inc. (ACTX), Grassfire Distro to Exhibit at CannaCon in Oklahoma City

Advanced Container Technologies (OTC: ACTX), which offers a wide array of products including environmentally controlled transportable cultivation systems, unique packaging supplies, in-demand accessories, and white labeling services, today announced that it will be exhibiting at the CannaCon Conference. The company will participate at the event, slated to take place at the Oklahoma City Convention Center on March 31 and April 1, alongside Grassfire Distro, its exclusive partner for reselling some of its packaging and white labeling products and services. “We had tremendous success at last year’s CannaCon Conference, and we are looking forward to attending again this year,” said Doug Heldoorn, CEO of Advanced Container Technologies. “We have an extensive line of new and exciting products that can help cannabis companies maximize profits throughout the ecosystem — from the cultivator to the retailer.”

To view the full press release, visit https://cnw.fm/v0kbZ

About Advanced Container Technologies Inc.

NOTE TO INVESTORS: The latest news and updates relating to ACTX are available in the company’s newsroom at https://cnw.fm/ACTX

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CannabisNewsBreaks – Advanced Container Technologies Inc. (ACTX) Engages IBN for Corporate Communications Expertise

Advanced Container Technologies (OTC: ACTX), the exclusive U.S. distributor of automated indoor “micro-farms” called Grow Pods and related equipment and supplies, today announced that it has selected the corporate communications expertise of IBN (InvestorBrandNetwork), a multifaceted financial news and publishing company for private and public entities. As part of the relationship, IBN will leverage its investor based distribution network of 5,000+ key syndication outlets, various newsletters, social media channels, wire services via InvestorWire, blogs and additional outreach tools to generate greater awareness for Advanced Container Technologies. “The USDA has stated that vertical farming practices utilizing indoor micro-farms are no longer ‘futuristic’ concepts, and Advanced Container Technologies is capitalizing on this growing opportunity through its distribution of Grow Pods,” said IBN Director of Client Solutions Chris Johnson. “We’re excited to customize our comprehensive suite of corporate communications solutions for the company as it explores a possible acquisition of GP Solutions and continues to refine and commercialize its line of Medtainer containers.”

To view the full press release, visit https://cnw.fm/9tWpF

About Advanced Container Technologies Inc.

NOTE TO INVESTORS: The latest news and updates relating to ACTX are available in the company’s newsroom at https://cnw.fm/ACTX

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