U.S. markets open in 5 hours 53 minutes

American Cannabis Company, Inc. (AMMJ)

Other OTC - Other OTC Delayed Price. Currency in USD
Add to watchlist
0.1725-0.0224 (-11.49%)
At close: 3:59PM EST
Full screen
Trade prices are not sourced from all markets
Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies
Chart Events
Neutralpattern detected
Previous Close0.1949
Open0.1850
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.1700 - 0.2100
52 Week Range0.0500 - 0.2470
Volume1,063,013
Avg. Volume1,037,672
Market Cap10.578M
Beta (5Y Monthly)0.88
PE Ratio (TTM)N/A
EPS (TTM)-0.0160
Earnings DateDec 26, 2018
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
N/A
Research that delivers an independent perspective, consistent methodology and actionable insight
Related Research
View more
  • GlobeNewswire

    American Cannabis Company, Inc. Announces Execution of Non-Binding Letter of Intent for Strategic Acquisition of a 60,000-sq.-ft. Cannabis Cultivation and Extraction Operation in Denver, Colorado

    DENVER, CO, Jan. 21, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- American Cannabis Company, Inc. (OTCQB: AMMJ) (“ACC” or “Company”) is pleased to announce that it has successfully executed a non-binding letter of intent (LOI) with Andina Gold Corporation (OTCQB: AGOL) to purchase assets of its Good Meds and BOSM Labs operating division, a fully licensed cultivation and extraction operation in Colorado offering premium cannabis and cannabis extracts to the wholesale and retail medical and recreational markets. Assets are to include one cultivation operation and one hydrocarbon extraction laboratory and production center. All assets to be acquired will operate out of a 60,000-square-foot facility, centrally located in Denver, Colorado. Currently, only 50,000 square feet of space are being utilized, with 10,000 square feet of additional open space ready and available for the Company to use as it looks to scale up operations. Since 2009, the Good Meds brand has cultivated and provided top-tier cannabis flower products to medical patients and recreational consumers in Colorado. BOSM Labs carries a strong reputation as a high-end manufacturer of well-known hydrocarbon-extracted cannabis products. Combined under one roof, these brands act as one of few long-standing and major contenders in the maturing Denver market. Christopher Hansen, Chief Executive Officer of Andina Gold Corporation, commented: “We are pleased with the non-binding letter of intent with American Cannabis Company, and look forward to working with Terry Buffalo and his team to complete the transaction. The dedicated, consistently excellent work of Good Meds and BOSM Labs personnel has been the driver of their excellent reputation. We also appreciate the steady leadership through this transitional period provided by Amanda Price and John Haugh. We feel confident the impressive work of Good Meds and BOSM Labs will continue as we hand over the keys to American Cannabis Company.” Terry Buffalo, Chief Executive Officer and Chief Financial Officer of American Cannabis Company, commented, “This is another strategic move for ACC. Officially having secured two non-binding LOIs to date, ACC will soon integrate three retail dispensaries and a total of 70,000 square feet of combined cultivation and extraction operations. The due diligence process for Good Meds and BOSM Labs has begun, and we anticipate this to close in Q2 of 2021. We analyzed many opportunities both here in Colorado as well as in other states, and we ultimately chose to focus on the Colorado market initially. This approach will allow us to improve existing operational processes, refine our workflow and deploy an operational management platform that we can use as we branch out to other regions of the country.” About American Cannabis Company, Inc. American Cannabis Company, Inc. offers end-to-end solutions to existing and aspiring participants in the cannabis and hemp industries. We utilize our industry expertise to provide business planning and market assessment services, assist state licensing procurement, create business infrastructure and operational best practices. We are continuing to grow the company by promoting our operational management services and license the American Cannabis Company brand as well as continuing to analyze acquisition opportunities worldwide. American Cannabis Company also developed and owns a portfolio of branded products including: SoHum Living Soils® – Winner of the High Times S.T.A.S.H. Award for “Best Potting Mix,” The Cultivation Cube™ and the High-Density Cultivation System™. American Cannabis Company also designs and provides other industry-specific custom product solutions. For more information about American Cannabis Company, please visit: www.theacclife.com www.americancannabisconsulting.com www.americancannabiscompanyinc.com www.sohumsoils.com www.americanhempservices.com Video Links: https://americancannabisconsulting.com/resources/video/ (ACC Site) https://www.youtube.com/watch?v=aENC4aeNZis (High Density Cultivation System) https://www.youtube.com/watch?v=e9rNxFph_tQ&t (Cultivation Cube) https://www.youtube.com/watch?v=XoIcopO2yE8&t (SoHum Living Soils®) About Good Meds Founded in 2009, Good Meds medical cannabis dispensaries in Englewood and Lakewood, Colorado offer affordable access to premier cannabis for registered Colorado medical cannabis patients. The company’s carefully curated genetics are grown using the highest quality ingredients, to address a full spectrum of medical ailments. Good Meds generates revenue through its retail sales as well as wholesale products sold to non-Good Meds retail outlets in the recreational market. Good Meds supports the growth of the cannabis industry and abides by responsible business practices. The Good Meds assets were acquired by Andina Gold Corp. in 2019. For more information on Good Meds, please visit: https://www.goodmeds.com/. About BOSM Labs Serving the Colorado market since 2017, BOSM Labs balances science and art to produce quality-first, boutique extracts sold at both medical and recreational cannabis outlets. BOSM’s single-source concentrates begin with an artisan cultivation team and end with pronounced flavors that truly capture the essence of the flower at harvest. For more information on BOSM Labs, please visit: https://www.goodmeds.com/bosm-labs/. Contact: IR@americancannabisconsulting.com 303-974-4770 Investors@andinagold.com 303-222-8092 Forward-Looking Statements 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". These 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. Cannabis Remains an Illegal Schedule 1 Drug Under Federal Law Cannabis and its derivatives are considered illegal “Schedule 1” drugs under the Controlled Substances Act (21 U.S.C. § 811). As such, Cannabis and its derivatives are viewed as being highly addictive and having no medical value. The United States Drug Enforcement Agency enforces the Controlled Substances Act, and persons violating it are subject to federal criminal prosecution. The criminal penalty structure in the Controlled Substances Act is determined based on the specific predicate violations, including but not limited to: simple possession, drug trafficking, attempt and conspiracy, distribution to minors, trafficking in drug paraphernalia, money laundering, racketeering, environmental damage from illegal manufacturing, continuing criminal enterprise, and smuggling. A first conviction under the Controlled Substances Act can generally result in possible fines from $250,000 to $50 million dollars, and incarceration for periods generally from five and up to forty years. For a second conviction, fines increase generally from $500,000 to $75 million dollars, and incarceration for periods generally from ten years to twenty years to life.

  • Newsfile

    American Cannabis Company, Inc. Discusses Non-Binding LOI for The Acquisition of Naturaleaf with The Stock Day Podcast

    Phoenix, Arizona--(Newsfile Corp. - December 22, 2020) - The Stock Day Podcast welcomed American Cannabis Company, Inc. (OTCQB: AMMJ) ("the Company"), a company offering end-to-end solutions to existing and aspiring participants in the cannabis and hemp industries. CEO of the Company, Terry Buffalo, joined Stock Day host Everett Jolly. Jolly began the interview by commenting on a recent press release by the Company detailing the execution of a non-binding letter of intent to purchase ...

  • American Cannabis Company, Inc. Announces Executed Non-Binding Letter of Intent (LOI) for Strategic Acquisition in Southern Colorado
    GlobeNewswire

    American Cannabis Company, Inc. Announces Executed Non-Binding Letter of Intent (LOI) for Strategic Acquisition in Southern Colorado

    DENVER, CO, Dec. 17, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire \-- American Cannabis Company, Inc. (OTCQB: AMMJ) (“ACC” or “Company”), a full-service business-to-business cannabis and hemp consulting solutions provider, is pleased to announce that it has successfully executed a non-binding letter of intent (LOI) to purchase assets of Naturaleaf, a long-standing licensed operator in the Colorado Springs medical cannabis market since 2009. Assets include three (3) retail dispensaries located throughout the city and one (1) 10,000 square foot cultivation operation with non-volatile extraction capabilities. After having recently received Marijuana Enforcement Division (MED) approval for a Suitability License, ACC is one of only few publicly traded companies authorized to acquire and operate various cannabis licenses throughout Colorado. This acquisition serves to aid in the Company’s overall expansion strategy to become a national cannabis operator. Naturaleaf, a well-known brand frequently sought out by locals in the Colorado Springs area, has been providing medical patients with cannabis and cannabis-derived products for over ten (10) years. Its staff and patient specialists maintain a very active presence in the local community, strive to find patients the right medicine for present or given conditions, and promote cannabis education to its patrons in a one-on-one retail concierge experience.Scott Saunders, owner of Naturaleaf, commented, “I’m very pleased Naturaleaf has been chosen by American Cannabis Company for acquisition. My team, my wife, Lois and I have worked very hard and diligently since 2009 to create Naturaleaf as a genuine service to our patients, our employees and the community. Our strict compliance policies and dedication to high quality production and customer service through the years has positioned Naturaleaf firmly in the Colorado Springs market. I’m excited for our patients and employees. I see American Cannabis Company as an ideal candidate to take advantage of emerging opportunities in the cannabis space and to capitalize on what we’ve built.”Terry Buffalo, Chief Executive Officer of American Cannabis Company, commented, “We have spent much time and effort analyzing the Colorado market for the right opportunity to move into cannabis operations. As a publicly traded company, it has been difficult to locate acquisition opportunities where the seller’s financials are auditable under PCAOB stipulations and ASC-805 rules. After having vetted many deals in the Colorado market both in operations and in looking at financials, we determined that Naturaleaf was the best opportunity for us to enact the pivot into our new business model. We are now underway with the due diligence process and required audit, which we expect to close in Q1 of 2021. This first acquisition will be the catalyst that brings ACC into the fold as licensed cannabis operators, securing a foothold in Colorado as we continue to pursue additional acquisition opportunities nationally.”About American Cannabis Company, Inc.American Cannabis Company, Inc. offers end-to-end solutions to existing and aspiring participants in the cannabis and hemp industries. We utilize our industry expertise to provide business planning and market assessment services, assist state licensing procurement, create business infrastructure and operational best practices. We are continuing to grow the Company by promoting our operational management services, and license the American Cannabis Company brand, as well as continuing to analyze acquisition opportunities worldwide. American Cannabis Company also developed and owns a portfolio of branded products including: SoHum Living Soils® - Winner of the High Times S.T.A.S.H Award for “Best Potting Mix”, The Cultivation Cube™ and the High-Density Cultivation System™. We also design and provide other industry specific custom product solutions.For more information about American Cannabis Company, please visit:www.theacclife.comwww.americancannabisconsulting.com www.americancannabiscompanyinc.com www.sohumsoils.comwww.americanhempservices.comFor more information on Naturaleaf, please visit:www.thenaturaleaf.comVideo Links:https://americancannabisconsulting.com/resources/video/ (ACC Site)https://www.youtube.com/watch?v=aENC4aeNZis (High Density Cultivation System)https://www.youtube.com/watch?v=e9rNxFph_tQ&t (Cultivation Cube)https://www.youtube.com/watch?v=XoIcopO2yE8&t (SoHum Living Soils®)Forward Looking StatementsThis 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.Cannabis Remains an Illegal Schedule 1 Drug Under Federal LawCannabis and its derivatives are considered illegal “Schedule 1” drugs under the Controlled Substances Act (21 U.S.C. § 811). As such, Cannabis and its derivatives are viewed as being highly addictive and having no medical value. The United States Drug Enforcement Agency enforces the Controlled Substances Act, and persons violating it are subject to federal criminal prosecution. The criminal penalty structure in the Controlled Substances Act is determined based on the specific predicate violations, including but not limited to: simple possession, drug trafficking, attempt and conspiracy, distribution to minors, trafficking in drug paraphernalia, money laundering, racketeering, environmental damage from illegal manufacturing, continuing criminal enterprise, and smuggling. A first conviction under the Controlled Substances Act can generally result in possible fines from $250,000 to $50 million dollars, and incarceration for periods generally from five and up to forty years. For a second conviction, fines increase generally from $500,000 to $75 million dollars, and incarceration for periods generally from ten years to twenty years to life.Contact: IR@americancannabisconsulting.com303-974-4770