American Cannabis Company Inc (OTCMKTS:AMMJ) has established themselves as a legitimate cannabis company with a promising financial outlook. The cannabis industry continues to heat up, and that’s leading to new investor interest in companies like Denver-based American Cannabis Company Inc. (OTCMKTS:AMMJ), a full-service provider of B2B consulting services for the cannabis industry. Shares of the company are currently trading at $0.53, giving the company a total market capitalization of $28.17 million. Over a 52-week period, shares of the company have traded as low as $0.01 and as high as $0.68.
Over a four-year operating period, AMMJ has developed a stellar reputation as one of the leading names in the cannabis industry. In June 2016, for example, Cannabis Business Executive named American Cannabis Company one of the Top 100 Ancillary Businesses in the Cannabis Industry.
American Cannabis Company Inc (OTCMKTS:AMMJ) operates in two primary business segments – a consulting and professional services division (“American Cannabis Consulting”) and a division focused on the sale of products and equipment used in the cultivation, processing, transportation and retail sale of cannabis (“American Cultivator Company”).
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Given the complex regulatory landscape for marijuana legalization in the United States, American Cannabis Company has become known as a trusted name in helping aspiring companies navigate the byzantine regulatory environment. The company offers a mix of business planning, licensing application, cultivation build-out, regulatory compliance, audit, and business growth services. As a result, the company has helped clients acquire 13 state-level, merit-based marijuana operating licenses in 7 different U.S. states. It has also helped two Canadian clients with Health Canada approvals.
As part of running a diversified business, AMMJ also offers a portfolio of branded products, including The Satchel, SoHum Living Soil and The Cultivation Cube. In June 2016, the U.S. Patent and Trademark Office awarded AMMJ a patent for The Satchel, a child-resistant, tamper-proof exit package solution. This solves a major problem for buyers of recreational marijuana in states such as Colorado, where buyers must provide these “exit packages” as a way of transporting marijuana from the retail store back home.
Investors are interested in the company because it is in much stronger financial condition than other companies in the cannabis industry. The company has steady revenues and is not burning through cash on speculative R&D initiatives. Moreover, the company is keeping debt to a minimum.
Investors are also comfortable with the management team, which has a proven track record of dealing with U.S. marijuana legislation at the state level. The company’s two co-founders, Corey Hollister and Ellis Smith, were also the first to utilize a niche growing technique (“True Living Organics”) on a commercial scale for Colorado’s medical marijuana market. That experience is what led to the company’s growing line of products and equipment – especially the SoHum Living Soil solution, which is specially formulated for the needs of independent cannabis growers.
The near-term catalyst for the stock, of course, is the upcoming ballot initiatives in November. When voters head to the polls on Nov. 8, they will be voting on the legalization of marijuana for recreational or medical use in nine different U.S. states – Arizona, Arkansas, California, Florida, Maine, Massachusetts, Montana, Nevada and North Dakota.
The opening up of the California cannabis market could have a huge impact on AMMJ moving forward, both in terms of B2B consulting services that it can offer to clients and in terms of the cultivation products and equipment that could experience a spike in demand.
Overall, what we’re seeing is a market embrace of “Green Rush 2.0,” as investors race to find out which companies have the financial staying power in an increasingly competitive marketplace. AMMJ, which is a full-service provider of B2Bs solutions that also has a portfolio of branded products (including one that has full patent protection), could be one of those leaders. Stable revenues, solid financials and a respected management team are just further evidence that shares of AMMJ could get a boost over the final two months of the year. For more on American Cannabis Company and other fast-moving penny stocks, subscribe now to OracleDispatch.com