Denver, CO -- February 18, 2022 -- InvestorsHub NewsWire --
American Cannabis Company, Inc. (OTCQB:
AMMJ) (“ACC” or “Company”), a business-to-business cannabis
consulting solutions provider and licensed owner operator, is
pleased to provide an overall update on Company progress and its
plans for 2022.
The Company looks forward to a busy year in 2022 across all
brands within its portfolio. Since its inception in 2013, much of
ACC’s success was derived upon being a provider of end-to-end
consulting services. The Company has spent considerable time
aligning itself with strategies for long-term scalability and
sustainability. The acquisition of Naturaleaf in April of last year
gave ACC its first pivot point into a new core focus of overall
business, providing the catalyst needed to connect its overall
brand identity with clean green and organically based cannabis
cultivation. Moving forward, the Company plans to focus on four
primary areas of business that will further promote its clean green
cannabis cultivation mission: operational management consulting,
SoHum Living Soils®, Naturaleaf cultivation and dispensaries, and
brand expansion by means of strategic mergers and acquisitions.
Ellis Smith, Co-Founder and the new CEO of American Cannabis
Company, Inc., said: “This is going to be a very exciting year for
the Company. We are now in a position to deploy our ‘cage-free
cannabis’ products and services across all brands under the parent
company umbrella. With this ability to now showcase our passion and
expertise for a consistent high quality cannabis experience, ACC
will continue to implement means to further validate our mission.
We will continue to show the market how our products stand apart
from other commercially manufactured products.”
In late 2021, the Company received an official certification
from the Organic Materials Review Institute (OMRI) for its product,
SoHum Living Soils®. This product 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. 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 officially OMRI Listed® and appears on the OMRI Products
Lists©.
In addition to this prominent certification, The Company
recently secured Clean Green Certification for SoHum Living Soils®
as well as for all products grown and manufactured under the
Naturaleaf cultivation facility. To become Clean Green Certified®
in both areas means that the flower product and biproduct, the
facility, the cultivating processes, and input materials uphold
strict standards that are consistently maintained under organically
based regulations. Retail bags of SoHum Living Soils® are now
carried in over one hundred and fifty (150+) retail stores and is a
strategic growing component for many commercial cannabis
cultivators. SoHum’s OMRI Listed® and Clean Green dual
certification gives cultivators confidence in using this living
soil solution as part of their organic growing process.
“We are at a very pivotal point in our Company. After having
spent many years developing and refining our brand strategy, all
brands under the American Cannabis Company name are now in
alignment with the core mission to elevate the consumer experience
by committing to wellness, quality products and organically based
practices,” said Tyler Schloesser, Chief Operating Officer of
American Cannabis Company, Inc. Mr. Schloesser continued: “We have
the ability to offer Clean Green Certified® products that are grown
using OMRI Listed® and Clean Green Certified® inputs, and this
certainly differentiates us in the market.”
Through its plant-touching operation, Naturaleaf, the Company is
actively selling Clean Green Certified® flower to medical patients
through its three (3) retail channels within the city of Colorado
Springs. The mission of the Company continues as it has worked with
the Naturaleaf team to now offer Clean Green Certified® cannabis
clones to the market along with an entire line of wholesale
products including organically based flower, trim, and clone stock.
Additionally, ACC has recently partnered with the official Bubba
Kush brand to be the provider of clean green quality cannabis to
the Colorado market. This opportunity gives the Company the ability
to maximize the genetic potential of each licensed strain and
allows for ACC and Naturaleaf to offer top-tier, organically based
products to the conscious cannabis consumer.
On the consulting side of the Company, ACC is implementing its
core mission and values across all projects related to existing
clients. Currently, the Company is working on several large-scale
cultivation operational deployment and management activities for
clients in both Michigan and Arizona. When completed, these
operations will be managed by ACC and set to produce quality
cannabis that is cultivated using practices that are consistent,
replicable, and clean.
Ellis Smith commented: “We are excited to be able to adapt and
apply our processes, methodologies, and technological resources to
our current client projects as well as all future clients and
partners that seek to up-level the way in which cannabis is
produced in their respective region(s) of the world. Our brand
identity stands upon quality, and with that being said, I think
it’s important to convey this steadfast approach that our team
holds to redefine society’s relationship with cannabis through
responsible stewardship. We are approaching 2022 with a clear
focus, and we will continue to expand our footprint and scale all
of our brands with a push toward clean green, organically based
practices.”
About American Cannabis Company, Inc.
American Cannabis Company, Inc. offers clean green 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. 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 SoHum Living Soils® – Winner of
the High Times S.T.A.S.H. Award for “Best Potting Mix”, OMRI
Listed®, and Clean Green Certified®.
For more information about American Cannabis Company, please
visit:
www.theacclife.com
www.americancannabisconsulting.com
www.americancannabiscompanyinc.com
www.sohumsoils.com
www.thenaturaleaf.com
Video Links:
https://americancannabisconsulting.com/resources/video/ (ACC
Site)
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, which 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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