SOURCE: Acology Inc.
November 07, 2016 10:07 ET
CORONA, CA--(Marketwired - November 07, 2016) - Acology Inc. (OTC PINK: ACOL) announced today that agreements are pending between their agents in Canada and the national Canadian healthcare service (Health Canada) to adopt the MedTainer™ as the premier packaging solution for cannabis users throughout the country. There is a growing voice throughout the country for total legalization for recreational use. At this moment, 3 of the top 5 medical cannabis consumer companies, Aurora, Organigram Pharm and Redecan Pharm, use MedTainers exclusively for their customer bases. Cannabis is legal to possess, consume, or grow for medicinal purposes under conditions outlined in the Marijuana for Medical Purposes Regulations issued by Health Canada. In June 2015, the City of Vancouver regulated the sale of medical cannabis from municipally licensed dispensaries. The Liberal Party of Canada supports the legalization and regulation of cannabis for recreational use. Prime Minister Justin Trudeau supports ending the prohibition of marijuana and has advocated his and the party's stance for complete legalization multiple times since his ascendancy as Prime Minister.
Acology has had a strong presence in Canada since January 2014, with more than 200K sales units sold and high six-figure revenues. Acology is actively positioning the Medtainer to be the packaging system for what is believed to be a National Canadian cannabis industry sanctioned by the government in Ottawa. Fulfilling the mandate laid down for child-resistance, labeling and track-ability, the MedTainer has been shown to be an excellent solution for medical retailers and wholesalers in Canada. Acology is uniquely positioned to take advantage of new changes in the law when cannabis is legalized for recreational use nationally. Most importantly, it is also in position to fulfill the mandates for compliance when the US Federal Government lifts sanctions on cannabis use, using its Canadian experience as a template.
For investor or sales information please visit Acology 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.
Acology trades on the OTC under the call letters ACOL. The company's websites are www.Acologyinc.com for the hospice and palliative care industry and www.themedtainer.com for the recreational and medical marijuana industry. Orders for Acology products can be taken online and by phone. Custom orders are especially welcome. Please send any and all inquiries to firstname.lastname@example.org or call (844) ACOLOGY (844-226-5649). Ask for Jack Rein, National Services Director. Acology can also be accessed through Twitter and Instagram at @Acologyinc
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 of his or her investment.
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