Acology Announces Big LP Order; Canadian Market Begins to Move
CORONA, Calif., June 18, 2018 (GLOBE NEWSWIRE) — Acology Inc. (OTCMARKETS:ACOL) announced today that Organigram Holdings Inc. (US-OTC:OGRMF) has renewed another order for Acology’s signature product, the MedTainer™, which will be custom printed for the Canadian LP and equipped with Acology’s MedX 2-way humidity packs. This follows several other Canadian LP orders in the last month and reflects the run-up to the successful vote in the Canadian legislature to legalize cannabis for recreational use. Acology, having completed and submitted applications to each Canadian provincial authority delegated to adopt and enforce packaging compliance, is now finalizing steps in several provinces to serve as a primary retail package for legal cannabis in those provinces.
There will be a refractive period of at least 14 weeks before the Canadian market can be fully operational, as there are several legislative hurdles still to jump and Ottawa cautiously moves to full licensing and operation. This means that there are still decisions to be made when it comes to packaging. Acology has and continues to position itself throughout this process as the preferred retail packaging system for most, if not the entire, Canadian market. The Medtainer fits all Canadian safety, labeling and content parameters perfectly and is the only patented multi-functional container on the market. Acology continues to aggressively market its’ products in developing markets world-wide and anticipates what compliant packaging would be once the US becomes a retail cannabis market.
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.
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