DENVER, CO -- September 28, 2021 -- InvestorsHub NewsWire --
American Cannabis Company, Inc. (OTCQB:
AMMJ) (“ACC” or “Company”), a full-service business-to-business
cannabis and hemp consulting solutions provider and licensed owner
operator, is pleased to announce that its proprietary potting mix,
SoHum Living Soils®, was recently awarded an official certification
from the Organic Materials Review Institute (OMRI).
OMRI's mission is to provide the agricultural industry with
peace of mind in knowing that quality materials are consistent and
organic as a standard. This organization provided an independent
review of SoHum Living Soils®, looking at each individual input
that is intended for use in certified organic cultivation and
production.
“This is a major achievement for the SoHum Living Soils® product
line,” said Terry Buffalo, Chief Executive Officer for American
Cannabis Company, Inc. “OMRI certification solidifies our soil
product as a top-tier medium for cannabis cultivation. Being OMRI
Listed® gives organic farmers a means to verify the credibility of
our products, providing assurance that the highest quality
ingredients are consistently utilized in soil manufacturing,”
continued Buffalo.
SoHum Living Soils® is a fully amended, pH-buffered growing
medium that will continue to disrupt the agricultural markets as a
‘Just Add Water’ super soil, acting to eliminate the human error
element from cannabis and non-cannabis crop cultivation.
Awarded the High Times S.T.A.S.H Award for “Best Potting Mix”,
SoHum Living Soils® was created to combat complex cannabis
cultivation strategies as it is a complete living soil that
optimizes a plant’s genetic potential. Designed to be ready to use,
SoHum Living Soils® is a complete and diverse solution for both
indoor and outdoor cultivation, combining the best of modern
science and agriculture with traditional expertise and farming
practices. With this recent approval from OMRI, SoHum Living Soils®
is now officially OMRI Listed® and appears on the OMRI
Products Lists©.
Ellis Smith, Co-founder and President of American Cannabis
Company, Inc., commented: “We are very excited as a team to now
have an OMRI certified product to offer cannabis cultivators across
the country. It has taken years to develop the blend to where it is
today, and this certification puts SoHum Living Soils® on the map
as a solution to produce high quality, organic cannabis on both
small and commercial scales.”
Those looking to purchase SoHum Living Soils® can do so by
contacting an official distributor or visiting the SoHum Living
Soils® website at www.sohumsoils.com (for store
locator, see https://sohumsoils.com/shop-living-soil/#storelocator).
The SoHum Living Soils® potting mix is also available for purchase
on the Walmart, The Home Depot and Amazon online store
platforms.
To see the OMRI Listed® certificate for SoHum Living Soils®,
click here.
About American Cannabis Company, Inc.
American Cannabis Company, Inc. offers end-to-end solutions to
existing and aspiring participants in the cannabis and hemp
industries. We utilize our industry expertise to provide business
planning and market assessment services, assist state licensing
procurement, create business infrastructure and operational best
practices. We are continuing to grow the company by promoting our
operational management services and license the American Cannabis
Company brand as well as continuing to analyze acquisition
opportunities worldwide. The Company currently owns and operates
Naturaleaf in Colorado Springs, Colorado. This medically licensed
entity consists of three (3) retail dispensaries, one (1)
commercial cultivation facility, and one (1) non-volatile
extraction operation. American Cannabis Company has also developed
and currently owns a portfolio of branded products including: SoHum
Living Soils® – Winner of the High Times S.T.A.S.H. Award for “Best
Potting Mix,” The Cultivation Cube™ and the High-Density
Cultivation System™. American Cannabis Company also designs and
provides other industry-specific custom product solutions.
For more information about American Cannabis Company, please
visit:
www.theacclife.com
www.americancannabisconsulting.com
www.americancannabiscompanyinc.com
www.sohumsoils.com
www.americanhempservices.com
www.thenaturaleaf.com
Video Links:
https://americancannabisconsulting.com/resources/video/ (ACC
Site)
https://www.youtube.com/watch?v=aENC4aeNZis (High
Density Cultivation System)
https://www.youtube.com/watch?v=e9rNxFph_tQ&t (Cultivation
Cube)
https://www.youtube.com/watch?v=XoIcopO2yE8&t (SoHum
Living Soils®)
ACC Contact:
IR@americancannabisconsulting.com
303-974-4770
Forward-Looking Statements
This news release contains "forward-looking statements," which
are not purely historical and may include any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Such forward-looking statements include, among other things, the
development, costs and results of new business
opportunities and words such as "anticipate",
"seek", intend", "believe", "estimate", "expect", "project",
"plan". These or similar phrases may be deemed "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Actual results could differ from those
projected in any forward-looking statements due to numerous
factors. Such factors include, among others, the inherent
uncertainties associated with new projects, the future U.S.
and global economies, the impact of competition, and the Company's
reliance on existing regulations regarding the use and development
of cannabis-based drugs. These forward-looking statements are made
as of the date of this news release, and we assume no obligation to
update the forward-looking statements or to update the reasons why
actual results could differ from those projected in the
forward-looking statements. Although we believe that any beliefs,
plans, expectations and intentions contained in this press release
are reasonable, there can be no assurance that any such beliefs,
plans, expectations or intentions will prove to be accurate.
Investors should consult all of the information set forth herein
and should also refer to the risk factors disclosure outlined in
our annual report on Form 10-K for the most recent fiscal year, our
quarterly reports on Form 10-Q and other periodic reports filed
from time to time with the Securities and Exchange Commission. For
more information, please visit www.sec.gov.
Cannabis Remains an Illegal Schedule 1 Drug Under
Federal Law
Thirty-five states, including Colorado, the District of Columbia
and four U.S. Territories currently have laws broadly legalizing
cannabis in some form for either medicinal and/or recreational use
governed by state specific laws and regulations. Although legalized
in some states, cannabis is a “Schedule 1” drug under the
Controlled Substances Act (21 U.S.C. § 811) (“CSA”) and is illegal
under federal law. Cannabis and its derivatives are viewed as being
highly addictive and having no medical value. The United States
Drug Enforcement Agency enforces the Controlled Substances Act, and
persons violating it are subject to federal criminal
prosecution.
As a result of the November 2020 federal elections, and the
election of Joseph R. Biden as president, it is expected that the
federal government will move to amend parts of the CSA and
de-schedule cannabis as a Schedule 1 drug.
In late January, 2021, Senate Majority Leader Chuck Schumer said
lawmakers are in the process of merging various cannabis bills,
including his own legalization legislation. He is working to enact
reform in this Congressional session. This would include the
Marijuana Freedom and Opportunity Act, that would federally
de-schedule cannabis, reinvest tax revenue into communities most
affected by the drug war, and fund efforts to expunge prior
cannabis records. It is likely that the Marijuana Opportunity,
Reinvestment, and Expungement (MORE) Act would be incorporated.
Other federal legislation under review for possible submission
includes the SAFE Banking Act (or Secure and Fair Enforcement Act),
a bill that would allow cannabis companies to access the
federally-insured banking system and capital markets without the
risk of federal enforcement action, and the Strengthening the Tenth
Amendment Through Entrusting States Act (or STATES Act), a bill
that seeks protections for businesses and individuals in states
that have legalized and comply with state laws.
Notably with respect to our business, on November 1, 2019,
Colorado Bill HB-19-1090, was passed and made effective. This law
allows publicly traded corporations to apply for and qualify for
the ownership of Colorado cannabis licenses. Other states that have
legalized cannabis for recreational and/or medicinal use restrict
public companies from owning interests in state cannabis licenses
altogether, or have enacted regulations which make it difficult for
corporations to comply with application requirements, including all
shareholders submitting to and passing background checks.
On September 18, 2020, Colorado’s Marijuana Enforcement Division
(MED), approved the Company’s application for suitability,
establishing the Company as one of the few publicly traded
companies authorized to acquire and operate various cannabis
licenses throughout Colorado, in both the recreational and medical
markets.
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