Advanced Container Technologies Inc (ACTX)

[CrownCannabis]

CORONA, Calif., Aug. 01, 2017 (GLOBE NEWSWIRE) -- Acology Inc. (ACOL) announced today that they extinguished a large portion of their present debt by retiring the company’s 3rd party conversion note and, for the first time in its’ history, have attained sole-possession of the company. The company now intends to use the leverage gained from reducing this considerable debt to continue with the aggressive projects planned for this year.

Several strategic projects currently in development, including the final negotiations to purchase EZ Health Solutions and expanding into the CBD and cannabis extract market, will become the focus of the expansion. The company’s debt-reduction also advances Acology’s plans to move to the OTC-QB. Plans to purchase new products and pursue ownership rights to various intellectual properties relating to the cannabis and pharmaceutical industries will now move forward. In addition, Acology’s plans for the remainder of 2017 include potential partnerships and investments in and with other companies. These objectives, once attained, would open new avenues for business expansion in both the healthcare and cannabis industries and fulfill the commitment made to investors to make this year the most profitable in history of the company.

https://finance.yahoo.com/news/acology-eliminates-major-debt-looks-123000200.html