Yesterday, American Cannabis Company, Inc. (OTC:AMMJ) announced that it had secured a contract "with a Canadian firm for the purpose of creating a cannabis Licensed Producer facility within the Atlantic provinces."
Who is the Canadian Firm?:
There is no mention of who that Canadian company is in the press release on AMMJ's website. Corey Hollister, the president and CEO of AMMJ mentions in the press release that "...we are excited to be working with a client who is positioned to excel within that market. They have a strong corporate strategy and a significant track record of success within other business sectors both in Canada as well as internationally."
Investors probably are curious which Canadian firm they are referring to, so we have reached out to Terry Buffalo, Chief Operating Officer of AMMJ for more details regarding this contract. We have been watching the stock in the recent days as it has hit new 52-week highs of $1.01 per share. AMMJ has since has a roughly 25% correction since its highs down to $0.76 per share as of today's close.
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