The company offers a variety of packaging solutions, including complaint odor-proof vacuum sealable storage and exit bags, and the patented Medtainer - an air-tight, moisture-proof container manufactured with FDA-approved medical grade plastics, and a unique built-in grinder
Advanced Container Technologies Offers Customized Packaging for Companies Looking to Launch or Build Brands in the Cannabis and CBD Sectors. (Credit: Pixabay)
Advanced Container Technologies, Inc (Ticker: ACTX), announced its customizable packaging solutions provide the foundation that allows cannabis and CBD companies to create beautiful brands at an affordable price.
The company offers a variety of packaging solutions, including complaint odor-proof vacuum sealable storage and exit bags, and the patented Medtainer – an air-tight, moisture-proof container manufactured with FDA-approved medical grade plastics, and a unique built-in grinder.
Some of the company’s most popular products are its packaging solutions for pre-rolls.
According to an article in MJBizDaily, sales of cannabis pre-rolls surged nearly 50% last year in key recreational markets.
“Pre-rolls have become the second-fastest-growing product category as cannabis consumers shop for value products and enjoy the convenience of the prepackaged good,” according to the publication. In Washington State alone, pre-roll sales increased by 47.1% from $640.1 million in 2019 to $941.6 million in 2020.
“Pre-rolls can also be a great way for consumers to try out a new strain and, if it works, come back for a higher quantity such as an eighth or more,” the article stated.
“It’s less commitment,” one industry-insider said. “It’s like buying a slice of cake versus buying a whole cake.”
Jim Belushi, the film and television actor who recently started a cannabis business, said that at Belushi’s Farm in southern Oregon, pre-rolls make up about 35% of the company’s revenue.
“Since the pandemic, our joint sales have jumped almost 22% since this time last year,” Belushi said. He added that the company rolled a quarter of a million joints in 2020.
Doug Heldoorn, CEO of Advanced Container Technologies, said the company is now providing customized pre-roll packaging to cannabis and CBD businesses throughout the nation.
“I think the growth of this sector took everyone by surprise,” Heldoorn commented. “Fortunately, we invested in inventory back when prices were lower, and have built out an infrastructure to allow us to accommodate almost any size order,” he added. “So today, we can supply quality custom packaging solutions to everyone from start-ups to large MSOs with intensive logistical requirements.”
And while there will always be the people who walk into a dispensary and already know what they want — many people are still adjusting to the new cannabis market, even in states where it has been legal for several years.
And for those people especially, packaging matters. When a customer is looking at two or more similar products for the first time, often the product with the best packaging wins.
Source: Company Press Release