American Cannabis Company Inc (OTCMKTS:AMMJ) has signed another customer in Pennsylvania who will be seeking for a dispensary license in the upcoming medical marijuana plan. The company projects to leverage this deal to secure additional revenues using long-term consulting deals and prospective sales of ancillary products.
The expert view
Corey Hollister, the CEO of American Cannabis, said that they are thrilled to be working with this customer in the look out of a state licensed dispensary business within the imminent Pennsylvania medical marijuana plan. As more states approve medical marijuana plans, they are seeing numerous market framework for license ownership moving from vertically integrated structures all the way to hybrid and decoupled models. Pennsylvania has chosen a hybrid model that allows for standalone dispensary businesses, and the customer is well positioned to use this opportunity.
A couple of months ago, the company reported that the third quarter sales of SoHum Living Soils™ till that period was more than $53,000 to numerous clients. SoHum is a patented “just add water” growing medium that comprises 100% natural ingredients and offers the plant a full buffet of micro/macro nutrients to record genetic optimization of the Cannabis plant.
Not only does SoHum enhance the plant’s potential, it removes the need for intricate feeding schedules and the related risks of operator error. The CEO of American Cannabis commented that SoHum Living Soils™ is a remarkable offering in the regulated cannabis industry. The product minimizes risk and cost while enhancing consistency and quality, offering a meaningful value proposition for clients.
SoHum is the basis for company’s Geoponics process, ‘the science and art of agriculture in soil’. The objective of this process is to establish ethical and profitable cultivation procedures in the regulated Cannabis industry that support their mission of redefining society’s association with Cannabis via responsible stewardship. American Cannabis delivers end-to-end offerings to different participants in the cannabis market.