|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.4110 - 0.4999|
|52 Week Range||0.1801 - 2.9900|
|Beta (3Y Monthly)||0.83|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Medtainer Inc. (MDTR-OTCM) announced today that they have begun selling custom-printed Medtainers® to Las Vegas-based Planet 13 (PLTH-CSE) (PLNHF-OTCQX). Planet 13 Marketing Coordinator Brandon Zimmer says, “We are pleased to work with Medtainer to begin offering custom Planet 13 and Medizin branded Medtainers®. Planet 13 accounted for approximately 10% of total cannabis sales for the State of Nevada in March1 and sees over 3,000 visitors per day.
Again, there is nothing about the way our Company has done or is doing business last year, or in the previous 4 years, that has caused or is causing concern. In the last few weeks yet another of the big North American Licensed Producers placed a large order with us for the first time.
The Company has received inquiries expressing concern about its failure to file its Annual Report on Form 10-K and about the date on which it will be filed. The reason that the report has not been filed arises from the Company’s acquisition of the patents and trademark relating to its Medtainer products and a related website in June 2018 in exchange for shares of its common stock. After that acquisition, the Company valued these assets and amortized them using the market value of these shares on the acquisition date.
MedTainer, Inc. (MDTR-OTCMARKETS) announced today that it has not filed its Annual Report on Form 10-K with the Securities and Exchange Commission on time, but expects to make this filing within the next few days. The reason for the delay is that the Company has not completed its annual audited financial statements because it has not finalized certain entries, none of which is material to the Company’s financial condition. The Company has not disagreed with its accountants on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure.
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.
MedTainer Inc. (MDTR-OTCMARKETS) announced today that 3 more Canadian Licensed Producers have adopted the MedTainer™ , bringing the number of LPs using MedTainers as either a packaging or promotional unit to 12. MedTainer is very close to achieving that goal and intends to announce which of the LPs will begin utilizing the MedTainer in other ways than promotion or direct retail in the very near future. LPs are seeing the Medtainer as an innovative, multi-functional container that can be featured in retail establishments, including large pharmacy chains and box stores.
MedTainer Inc. (MDTR-OTCMARKETS) announced that the company has begun to re-position in order to attract new and diverse levels of investment and investors. MedTainer executives, after weighing the timing carefully and consulting with professionals in several disciplines, decided to proceed. MedTainer Inc. has seen a steady surge in business over the course of the last several months and a steady increase in revenues over the last two years. It’s the company’s intention to take advantage of increases in sales and revenues to enhance its position as one of the premiere global pharmaceutical packaging manufacturers.
MedTainer Inc. (MDTR-OTCMARKETS) announced today that orders for its signature product, the MedTainer™, have continued to rise and the company has recorded the biggest February in its history. Canadian Licensed Producers have placed large orders for the FDA approved, safety and manufacturing compliant, multi-functional container. Customer feedback has been universally positive, and the company is confident that this trend will continue for the foreseeable future.
In fact, January 2019 has seen the largest LP orders for the Medtainer in our company’s history. There are several contributing factors to this, primary of which is that there is nothing on the cannabis packaging market today that compares to the multi-fictional, child-safe and legally compliant Medtainer. In short, the Medtainer continues to stand apart from the competition.
MedTainer™ Inc. (MDTR-OTCMARKETS) published their 3rd Quarter 10-Q today and report that gross sales in the quarter have increased approximately 22% compared to 3rd Quarter, 2017. This reflects the growing confidence that many of the licensed cannabis producers in Canada now have in the MedTainer and the MedX two-way humidity pack, offering a solution to the rigorous compliant packaging regulations in that country. The purchase of the entire MedTainer intellectual property portfolio, the purchase of new equipment, doubling the floor space of the factory and landing new business have conservatively increased the published value of the company by $2.5M as of September 30, 2018.
Dear Shareholders: Tomorrow’s elections signify another milestone in the final run-up to the United States government changing, for all time, the current Schedule 1 narcotic designation that cannabis and the US cannabis industry is saddled with. At least 5 states will pass legislation that will legalize either medical or recreational cannabis. Why are these actions so important to our business and, more particularly, the MedTainer™?