NEWPORT BEACH, CA--(Marketwired - Dec 19, 2016) - ADVANTIS CORPORATION (OTC PINK: ADVT), concluded its year-end meeting, and announced that 2017 revenue will be the largest in company history.
Advantis CEO, Christopher Swartz, recapped company developments over the course of the year. "The former leadership team did a fantastic job of setting the table for success. There were some challenges that emerged with some of the products, distribution channels, and strategies that Advantis pursued early in the year; decisions were made that established the relationships and laid the groundwork to make Advantis' recent sales progress possible." Swartz reflected on some of the low revenue products and efforts to expand in other legal cannabis states. "The leadership team had the right idea, but we just didn't have the revenue in place to support that kind of growth. We still have active plans to establish ourselves in these other states -- we have the necessary organizations, but we first need to ensure a consistent revenue stream to support the expansion. We now see that revenue stream in sight... in fact, revenue is about to explode."
Swartz was excited to share what company efforts are leading to and how Advantis will evolve in 2017. "Advantis has achieved an important milestone by generating significant sales revenue this quarter," Swartz exclaimed. "I see this momentum continuing for the foreseeable future, and we are poised to achieve our highest revenue ever in 2017." This quarter, Advantis has been gaining several new clients for the premium Amstercan and Black Label Amstercan products, and have developed products and partnerships to sell rosin presses, which are very high margin products. The company is additionally establishing partnerships to co-brand strains of cannabis for premium label Amstercan products. "We work with serious cultivators to package their most premium marijuana. Speedweed sells out of their Amstercan orders every week, and each successive reorder is more substantial; between Speedweed and additional clients we secure every week, we are on track to sell almost 15,000 Amstercans by the end of January." Speedweed is California's largest medical marijuana delivery service.
Swartz related that the largest source of revenue is being generated by the Rosin6 and Nugsmasher line of rosin presses. "Revenue from our rosin presses will surpass six figures this quarter, and our momentum is gaining steam. We sold three dozen Nugsmasher Jr.'s in the first week, established seven new retail accounts, and will finalize an agreement with the largest online distributor of rosin presses this week." Swartz stated that 2017 revenues are expected to significantly increase as the company continues to establish new relationships and distribution channels. "Our initial marketing and advertising blitz was a huge success, and Advantis is quickly becoming a trusted name in the industry. I am fully confident that our revenue for 2017 will be in the millions, if these current trends continue."
Swartz expanded on what these revenue streams mean to the company's future. "This initial product launch went far better than expected," Swartz said. "As our brand names gain traction, it will enable us to expand into other areas of the industry. We are in the midst of the great 'green rush,' and with this consistent revenue stream, we are positioned to take full advantage of it." Swartz stopped short of hinting at what is to come, however he commented that he is planning on producing quarterly live interactive video shareholder conferences as business progresses. Swartz will shortly announce registration information so shareholders or potential investors can enroll to be part of the first call. "I do my best to ensure our shareholders are aware of developments as they happen, and I am committed to strengthening shareholder value." Swartz said there are exciting developments that will be announced in the coming weeks that will further enhance the company's bottom line. "With growing revenues, burgeoning partnerships, and an established business base, 2017 is the year Advantis arrives," Swartz concluded.
Links to Advantis websites can be found at advantiscorp.com, rosin6.com, nugsmasher.com, and amstercan.com
Forward-Looking Statements: This news release contains forward-looking statements made by ADVANTIS CORPORATION. All such statements included in this press release, other than statements of historical fact, are forward-looking statements. Although management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Actual results may differ materially from those indicated by these statements. The following risk factors, among others, could cause actual results to differ materially from those described in any forward-looking statements. These risks and uncertainties include, but are not limited to, economic conditions, changes in the law or regulations, demand for products of the Company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward-looking statements. Forward-looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate, and similar expressions or which by their nature refer to future events. The Company is not entitled to rely on the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 because it is not registered under either Act.