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Alias Born 03/05/2019

Re: None

Tuesday, 03/05/2019 3:39:05 PM

Tuesday, March 05, 2019 3:39:05 PM

Post# of 27120
The facility in Corona is basically a printing facility that just recently purchased a third printer to keep up with demand for customized labels for product sellers that are white labeling what they sell and Medtainer inventory. The company has doubled the size of their facility I believe.The rights to intellectual property, the container, was recently purchased for approximately $1,000,000. Setting up their own facility to produce the molds and injection machines for producing the containers will probably be way to expensive at this stage of the game. The company has more than 12 employees. A year ago they had 2 I believe. The increase is in sales force and others required to handle the increase in orders. The company was basically set up to provide med containers to patients and with the legalization they have, what seems like, a perfect gold rush product. But they aren't the only one in the market place. They do have licensing, I believe, in all the Canadian provinces.