Business
American Cannabis Company, Inc. Announces Strategic Partnership With American Leaf & Joint Submission of Retail Dispensary Application in Massachusetts
American Cannabis Company, Inc. Announces Strategic Partnership With American Leaf & Joint Submission of Retail Dispensary Application in Massachusetts.
About this update from American Cannabis Company, Inc.
[{"type":"text","content":"\nDENVER, CO, May 29, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- American Cannabis Company, Inc. (OTCQB: AMMJ) (“ACC”), a full-service business-to-business cannabis and hemp consulting solutions provider, wishes to announce that it has secured a strategic partnership with American Leaf Company, who together with ACC, successfully filed an application for a retail dispensary license in Springfield, Massachusetts.\n The goal of this strategic partnership is to pursue retail dispensary licenses throughout the Northeastern United States, in states where cannabis is legal for medicinal or recreational use. In order to align ACC’s interests to the long-term operations of the business, ACC has a 25% equity stake in the operating entity of the strategic partnership, which will expand as its business extends to other qualifying states. Members of American Leaf Company have experience in franchising, and have built out over 200 gas stations (Exxon, 7Eleven, BP, etc.) and Dunkin’ Donuts locations to date. Upon securing a license to operate a retail dispensary, American Leaf plans to build out a 3,500 square foot dispensary in the City of Springfield. This dispensary will be called “ACC” and it will be branded and designed with the American Cannabis Company aesthetic and vision. With only the first application submitted to date in this venture, American Leaf has plans to aggressively compete for several license opportunities and launch multiple retail storefronts throughout the Northeastern United States within the next few years. Brian Kochisarli, member of American Leaf, said: “We are pleased to have joined forces with the American Cannabis Company.  The intent is to collaborate with our respective experience and know-how to give us better leverage to meet the needs of local communities in which we operate and to best serve our customers with the highest level of product and service.  Obtaining dispensary licenses is a relatively complex process and this collaboration helps streamline the process.  We are eager to move fairly rapidly in this area.” Tyler Schloesser, Chief Operating Officer of American Cannabis Company, commented: “These are very exciting times for ACC as we have joined arms with a group that sees our vision for the future of this firm. ACC is aiming to...