Published On: Mon, Feb 6th, 2017

American Cannabis Company Inc (OTCMKTS:AMMJ) Secures Contract With New Clients In Pennsylvania

American Cannabis Company Inc (OTCMKTS:AMMJ) has secured two new customers in the state of Pennsylvania. This brings the total count of Pennsylvania customers who have engaged the firm to five. None of the firm’s Pennsylvania customers are in rivalry with each other, as they function in distinct regions of the state.

The details

One of the new clients is looking to get a retail dispensing license, and intends to retain the firm to advise them in answering to state application materials, advancing standard operating processes for their planned retail businesses, and, design services for their new dispensary site.

Another Pennsylvania customer is applying for licensure in cannabis grow, cannabis product production, and retail dispensing. The firm will help this customer in numerous strategic planning measures and with the closure of their state application. They expect to leverage new deals to get additional revenues via long-term consulting deals and prospective sales of ancillary products.

Terry Buffalo, the Principal Executive Officer, said that they are very delighted to welcome the new clients. Pennsylvania is coming up to be an extremely competitive market, and they at ACC plan to provide years of experience, expertise and industry knowledge in effort to provide their customers a competitive advantage. The firm is on the forefront of this growing industry, and they intend to continue in the expansion of their brand.

The legal cannabis supply has jumped quickly in the North America as cannabis legalization for recreational use has accelerated in the last few years. Arcview Market Research report indicated that North American clients spent $53.3 billion in cannabis industry in 2016, with over $6 billion coming from legalized segment while $46.6 billion recorded from the black market.

In the last trading session, the stock price of American Cannabis declined over 0.28% to close at $0.778. The decline came at a share volume of 211,337 compared to average share volume of 988,956 million.

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