NEWPORT BEACH, CA, March 12, 2018 (GLOBE NEWSWIRE) -- ADVANTIS CORPORATION (OTC:ADVT) signed a new lease last week that will triple the square footage of its packing and canning facility, according to Advantis CEO, Darren Cherry. Further negotiations are currently in place to purchase the facility to create a cannabis campus that houses several cannabis-related production and manufacturing businesses on several hundred acres of property.
“Sales are growing so fast, we have outgrown our facility,” CEO, Cherry, said. “We will be moving our canning operation to a more central location that more efficiently serves all of Southern California.” The new facility will be located equidistant from Los Angeles, San Diego, and Coachella Valley. Cherry says he is excited for the opportunity to cut down on expenses while making the end-to-end canning process much more efficient. “Logistics has always been one of my strengths,” Cherry explained. “An efficient operation ultimately reduces costs, increases margins, and significantly increases production capacity. Relocating our operations will bring us closer to our largest cultivating partners, which will reduce their transportation and security expenses, as well.” Cherry explained that the new facility will be the first cannabis campus that houses growers, manufacturers, and other related cannabis businesses. “We’ve signed the lease and are already in the process of moving our operations. We have been working through the advance permitting process for some time, and everything is on track to get the entire campus permitted as we transition into the facility,” Cherry stated.
Cherry stated that negotiations for the property purchase are still somewhat fluid, as details of the several hundred acre land acquisition are still being worked out. “The current owner of the property, an agricultural producer, sees the potential of this industry and is intrigued by the prospect of a partnership that would help him get an immediate foothold,” Cherry suggested. “This is a win-win opportunity that can potentially change the way California cannabis operations run on the back end. All production and manufacturing processes for several organizations can be centralized for maximum convenience, efficiency, cost savings, and ultimately profit.” Cherry added that the agriculturally established land would provide a turnkey operation for cannabis cultivators to grow, manufacture, package, pack, and ship from the same location. “We are looking at different combinations of partnership, arrangement, and financing options that will bring this vision to fruition,” Cherry affirmed. “We already have partnerships with master growers that are eager to help move this forward to efficiently expand their own operations.”
Advantis is in a phase of rapid expansion, as current clients systematically significantly increase their reorders of Amster-Can and the company secures two to three new clients each week. They just experienced a fifteenfold order increase from its partners in Oregon, and its partnership with PNTV in Las Vegas, Nevada is ramping up its production as they work with Advantis on additional future projects. As the company continues to add clients and build on it brand recognition, Cherry says they quickly adapt to exceed the needs and expectations of all their clients. “Quickly adapting means creating greater capacity and efficiency with each new order. It means setting up operations to better serve Northern California in the near future; it means having several canning machines being immediately available for larger operations and having larger can sizes, like those we began delivering last week; and ultimately it means we need more space to serve our rapidly growing client base, here in Southern California.” Cherry says that while the new space will certainly increase capacity and efficiency, the location and opportunity for the future growth of the company are what made the decision to expand operations an easy one. “As we have been growing our company and connecting with professionals in this industry, new opportunities are constantly discussed,” Cherry expressed. “As these discussions evolve to action our vision expands with it. The increased revenue we are experiencing right now is enabling our ability to take on additional clients that require significantly greater production capacity. We have nimble operations in place to constantly scale to keep up with the needs of the world’s cannabis packaging needs; and we will responsibly identify and move forward when we see synergies that we can all take advantage of, for Amster-Can and Advantis as a whole. This move to expand presents an opportunity to develop several new revenue streams for Advantis in the not too distant future,” Cherry concluded, beaming. “I am so excited just thinking of when I can share those confidential developments with our shareholders.”
Advantis wishes to thank Investors Hangout for mentioning the company in their podcast.
Advantis Corporation (ADVT) focuses on the development of innovative products that supply the medical, research, and pharmaceutical industries. The company additionally establishes partnerships with businesses that develop and sell proprietary pain management, and consumer products and services.
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.