American Cannabis Company Inc (OTCMKTS:AMMJ) has signed a deal with client in Pennsylvania who will be filing for the upcoming medical marijuana program in the state. It is expected to leverage this deal to secure additional revenues finalizing long-term consulting deals, potential sales of ancillary goods and services to boost cultivation operations.
Corey Hollister, the CEO and President, said that as the sixth most populous state in the nation, Pennsylvania is a major industry in the growing medical cannabis market. The new client operates with the sharp business acumen and a record of remarkable performance from within other sectors. This experience will play a vital role in the attempt to realize their goal of working within Pennsylvania’s introduced medical marijuana program.
Earlier in October, American Cannabis posted that they will be promoting their item SoHum Living Soils™ by participating in the Cannagrow Expo. SoHum Living Soils™ is a “just add water” cultivation medium that constitutes 100% natural ingredients and gives the plant a full source of micro/macro nutrients to record genetic optimization of the cannabis crop.
Not just do SoHum Living Soils™ improve the plant’s prospect, it also removes both the need for complicated feeding schedules and the related perils of operator error. It uses the geoponic grow process, cultivating the crop in soil just as nature required.
The CEO commented that cannabis operators are moving on from the practice of assessing success strictly dependent on product yield to assessing success based on traditional business mechanisms such as quality, output versus input and cost of goods sold. SoHum Living Soils™ are designed to fulfill the requirements of the advancing industry as it matures.
In the last trading session, the stock price of American Cannabis jumped more than 46% to close the day at $0.848. The gains came at a share volume of 4.91 million compared to average share volume of 3.21 million.