Business
American Cannabis Company, Inc. 2017 Mid-Year Review and Shareholder Update
American Cannabis Company, Inc. 2017 Mid-Year Review and Shareholder Update.
About this update from American Cannabis Company, Inc.
[{"type":"text","content":"\n \n \n American Cannabis Company, Inc. 2017 Mid-Year Review and Shareholder Update\n \n \nAmerican Cannabis Company, Inc. 2017 Mid-Year Review and Shareholder Update\n \n DENVER, CO--(Marketwired - Aug 29, 2017) - American Cannabis Company, Inc. (OTCQB: AMMJ) (\"American Cannabis Company,\" \"ACC,\" or the \"Company\"), an international distributor of ancillary products and services to the cannabis industry and one of the largest cannabis consulting firms, released second quarter 2017 financial results for the three-month period ended June 30, 2017 and filed a Form 10-Q Statement with the U.S. Securities and Exchange Commission on Monday, August 21, 2017.\n American Cannabis Company provides advisory and consulting services specific to the cannabis industry, designs industry-specific products and facilities, and distributes proprietary and tailored intellectual property, products, and services to cannabis operators and businesses. The Company operates in the regulated cannabis industry in states and countries where cannabis is regulated and/or has been de-criminalized for medical use and/or legalized for recreational use. \n 2017 Mid-Year Financial Update\n American Cannabis Company is pleased to provide an overview of its second quarter financial results and an update on its progress year-to-date. \n \n \n The Company's current ratio for the period ended June 30, 2017 was 13.40, which reflects the Company's liquidity and its ability to cover its current liabilities.\n \nThe Company's debt to equity ratio for the period ended June 30, 2017 was 0.08, which indicates the Company's solvency and its ability to satisfy its debt obligations.\n \nThe Company's quick ratio for the period ended June 30, 2017 was 13.23, which shows the Company's availability of liquid assets\n \n \n Chief Financial Officer (CFO), Michael Tuohey, CPA, commented, \"Over the course of the last 12 months the financial strength of the Company has continued to improve. We feel this positions the Company to have the flexibility to expand and take advantage of opportunities within the industry. Management is committed to improve its position in the industry and shareholder value.\"\n \n \n \n  \n \n \n Results of Operations (Unaudited)\n \n \n Three Months and Six Months as of June 30, 2017 and June 30, 2016\n \n \n  \n \n \n  \n  \n For the...