News Today: Advantis Corp Announces Imminent Lease Signing for OC Location, a Tripling of Monthly Amster-Can Orders with Existing ClientFont size: A | A | A
8:30 AM ET 2/25/19 | GlobeNewswire
Advantis Corp Announces Imminent Lease Signing for OC Location, a Tripling of Monthly Amster-Can Orders with Existing Client
NEWPORT BEACH, CA, Feb. 25, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- ADVANTIS CORPORATION (OTC PINK: ADVT) CEO, Darren Cherry, announced that he plans on signing the lease agreement for the Orange County packaging and distribution location next month. Upon moving in, Cherry hopes to also announce that another one of the company's existing clients will triple their monthly Amster-Can order.
Recent announcements by Cherry continue to point Advantis on a sustained upward trajectory. Earlier this month, Cherry announced plans to open a Los Angeles location in order to double their Amster-Can production overnight. There has been nearly no mention of the Orange County location expansion for the last several weeks, but Cherry says there's been nothing to announce, as he previously stated that the company was in the final phase of the regulatory process. "We're ready," Cherry said. "Our revenue is up, we're initiating our licensing process, and now we should be ordering two additional pallets a month for one of our existing clients. The additional revenue more than fully supports the expense of the larger and more ideally located space. In fact, the savings of so many other costs associated with our current location will pay for it. The timing is perfect." Cherry says that he is also excited to move to the new location because it is closer to his home.
One of their Orange County clients that has been using other types of canning for its products is currently negotiating to move all of its business to Advantis following the realization of product demand. "I hope to sign the agreement to triple their current pallet-a-month order by next month," Cherry explained. "I love when our product itself becomes our best marketing strategy. Products packaged in cans have proven to outsell other options time and again. It's a brilliant marketing solution for our partners and in high demand by the end user. And Now that we package edibles and flower in Amster-Can, our partners are able to send us more of their business almost instantly. We expect this doubling and tripling of orders from our existing clients to be a trend that continues for the foreseeable future." Cherry concluded his comments by saying the 2018 year-end report will be out shortly, saying, "We are incredibly fortunate for these order increases and are constantly increasing our capacity to keep up with it. The new Orange County location, and how we equip it, will put us ahead of the game for the first time. Last quarter we saw massive order increases, and this quarter we will recognize the lion's share of that revenue; orders will continue to increase quarter over quarter."
AI
