Shares of Advanced Container Technologies, Inc. (OTCMKTS:ACTX) have been under pressure and down 7% in the past week. Moreover, the stock has lost 25% over the past 6-month.
On Monday, ACTX stock ended flat at $0.93 with more than 90 shares, compared to its average volume of 1.5k shares. The stock moved within a range of $0.9300 – 0.9300 after opening trading at $0.95.
About The company
Advanced Container Technologies, Inc. (OTCMKTS:ACTX) is engaged in the marketing and sale of GrowPods – these are specifically modified insulated shipping containers. Plants, herbs, and spices are grown hydroponically inside them, in a controlled environment. The Medtainer can be used for the storage of pharmaceuticals, herbs, teas, and other solids or liquids while helping to grind solids and shred herbs, as well as related products. Private labeling and branding services are provided for purchasers of Medtainers and other related products too. Apart from that, it offers lighters, humidity pack inserts, plastic lighter holders, jars, and mylar bags; and printing and shipping services.
Modular Hydroponic Farms From ACTX Can Enhance Food Security
Advanced Container Technologies, Inc announced on June 6th, 2022, about GrowPods being featured in Borgen Magazine. The article talks about how GrowPods can contribute to enhancing worldwide food security.
According to the BBC, more than 928 million are severely food insecure. Due to the absence of a balanced diet, life expectancies decrease, growth is stunted, and children have diminished mental capacities. Moreover, not too many people have sufficient food to survive. United Kingdom’s Global Food Security program has revealed that over 2 million people don’t have access to the crucial micronutrients that affect their health and life expectancy.
The consequences of global food insecurity are enormous, the publication reports. Without a balanced diet, life expectancies decrease, growth is stunted, and children have diminished mental capacities. And, too many people simply don’t have enough food to survive.
Innovative modular hydroponic farms like GrowPods can combat this very troubling issue. They can be set up virtually everywhere while providing an efficient way to grow several types of leafy greens and other food items. They can also eliminate the risks of crops getting ravaged by locusts and other insects. Since there won’t be any pests, there will not be any need to spray pesticides, which is harmful to human health.
GrowPods can be used to prevent malnutrition. Most produce naturally loses around 45% of its nutritional value by the time it has completed transit and is purchased. The GrowPods method of localizing produce is an ideal fit for poor and malnourished areas. Establishing international partnerships can ensure the smooth rollout of these modular farms, and thus boost global food security.
ACTX stock is trading above the 20-Day and 50-Day Moving averages of $0.84 and $0.91 respectively. However, the stock is trading above the 200-Day moving average of $1.07.