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DENVER, CO, Dec. 28, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- American Cannabis Company, Inc. (AMMJ) (“ACC”), a full-service business-to-business consulting solutions provider, and seller of ancillary products to the cannabis industry, commented today on the filing of its Form 10-K for the year ended December 31, 2017 with the Securities and Exchange Commission on December 26, 2018.
Mr. Terry Buffalo, the Company’s Principal Executive Officer, commented: “I am happy to announce this filing. The Company ran into significant headwinds that caused it to be late with its annual report for last year, including the death of our CFO’s wife at the start of the audit process, and the resulting difficulties caused by our auditor not having conducted a previous audit of our Company. Additionally, we transitioned our Chief Financial Officer’s function so that he would work solely for the Company as an employee on-site. Although this process took more time than anyone wanted or expected, I believe the end result will be more streamlined and efficient accounting overall, and this should allow the Company to make timely filings of its Commission reports.”
Addressing the Company’s quarterly filings that remain outstanding for 2017, Mr. Buffalo further commented: “Work has been ongoing in preparing these filings, and everyone at the Company is working diligently to complete the outstanding quarterly filings. We expect to have then filed as soon as possible, and the Company expects that it will return to current status with the Commission very soon.”
About American Cannabis Company, Inc.
American Cannabis Company, Inc. offers end-to-end solutions to existing and aspiring participants in the cannabis industry. We utilize our industry expertise to provide business planning and market assessment services, assist state licensing procurement, create business infrastructure and operational best practices. American Cannabis Company also developed and owns a portfolio of branded products including; The Satchel™, SoHum Living Soils®, The Cultivation Cube™, and the High-Density Cultivation System™. We also design and provide other industry-specific custom product solutions. The building and development of our brands and product suite are based on our Geoponics Philosophy, "the art and science of agriculture in the soil."
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This news release contains "forward-looking statements" which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs, and results of new business opportunities and words such as "anticipate", "seek", intend", "believe", "estimate", "expect", "project", "plan", or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations regarding the use and development of cannabis-based drugs. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission. For more information, please visit www.sec.gov.