American Cannabis Company (OTCQB: AMMJ) has announced its intention to acquire Good Meds and BOSM Labs, expanding its footprint in Colorado's cannabis market. CEO Terry Buffalo highlighted the company's growth since 2013, boasting over 2 million square feet of growth space and a diverse product offering including SoHum Living Soils®. The acquisitions aim to add 60,000 sq. ft. and meet increasing demand. Buffalo is optimistic about integrating these assets in 2021 and expanding their consulting services across multiple states.
American Cannabis Company, Inc. (OTCQB:AMMJ) has received approval from Colorado's Marijuana Enforcement Division (MED) for its suitability license, allowing it to operate cannabis licenses across the state. This marks a key milestone in ACC's strategy to transition from a consulting firm to a cannabis brand. ACC aims to enhance its operational efficiencies and reduce costs, expecting positive impacts in Q4 2020. SoHum Living Soils® product sales have surged by 190% year-over-year, driving the company's growth amidst COVID-19 challenges. ACC is also exploring strategic acquisitions in cannabis markets.