Advanced Container Technologies (OTC: ACTX) today announced that it is exploring the acquisition of the assets and the assumption of some or all of the liabilities of GP Solutions Inc., a manufacturer of modified insulated shipping containers in which plants, herbs and spices may be grown hydroponically in a controlled environment. ACTX is currently the sole U.S. distributor for these containers and various related products in certain specific markets. According to the update, discussions between ACTX and GP Solutions are in preliminary stages, and none of the terms and conditions of the acquisition have been determined, including the consideration to be delivered to GP in exchange for its assets or the liabilities of GP that ACTX would assume. Advanced Container Technologies intends to structure any transaction such that its board of directors and executive officers would not change and that voting control of ACTX would not be affected.
To view the full press release, visit https://ibn.fm/iT7K7
About Advanced Container Technologies Inc.
Advanced Container Technologies sells and is the leading distributor of controlled environment indoor farms called GrowPods. For more information on GrowPods or Advanced Container Technologies, call (951) 381-2555 or visit www.AdvancedContainerTechnologies.com.
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