American Cannabis Co. Secures $285K in New Orders
September 22nd, 2015
American Cannabis Company Inc. ( ), a full-service business-to-business consulting solutions provider, and seller of ancillary products to the cannabis industry, recently announced two client orders for cultivation equipment totaling $285,000. Management expects to begin fulfilling the order this month.
“It is exciting to see our client’s progress and the dedicated efforts of our talented team resulting in the advancement of next generation cannabis cultivation center build-outs,” said American Cannabis CEO Corey Hollister. “With the development of in state product testing programs, facility design is one of the most critical components to sustainable success over the long-term.”
The announcement comes shortly after a series of other announcements of new clients and contracts that management has been building up over the past several months. Last quarter, the company reported revenue of $469,000, gross profit of $177,000, and a net loss of $44,000, which represents significant top-line revenue growth and a narrowing net loss.
Utilizing its industry expertise, the company provides business planning and market assessment surveys, assists with state licensing procurement, creates business infrastructure, and develops operational best practices. The firm also provides group purchasing services to help its clients from concept to creation to commercialization to ongoing operations.
Shares of American Cannabis Company Inc. (OTCQB: AMMJ) were trading up 0.08% in early hours of Tuesday, September 22, 2015.
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