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American Cannabis Company, Inc. Discusses Its 2020 Strategy with The Stock Day Podcast
American Cannabis Company, Inc. Discusses Its 2020 Strategy with The Stock Day Podcast.
About this update from American Cannabis Company, Inc.
[{"type":"text","content":"Phoenix, Arizona–(Newsfile Corp. – February 27, 2020) – The Stock Day Podcast welcomed American Cannabis Company, Inc. (AMMJ) (“the Company”), a company that offers end-to-end solutions to existing and aspiring participants in the cannabis and hemp industries. CEO and Director of the Company, Terry Buffalo, joined Stock Day host Sharon Lee.Lee began the interview by asking Buffalo about the Company’s background and current projects. “American Cannabis has been around for about seven years, and we are a seed-to-sale consulting company,” explained Buffalo. “We go into new markets helping clients with their application work and business plan,” he continued, adding that the Company will also assist with the build-out and deployment of their client’s facilities as well as operational management.Lee then commented on the Company’s financials throughout 2019, and asked about the factors that contributed to their revenue increases. Buffalo noted that the Company was able to take on additional revenue by working with multiple clients in the emerging markets of both Missouri and Illinois. “In 2020, hopefully we will have 6 to 7 new markets that are coming onboard, which will contribute to our 2020 progress going forward,” said Buffalo.The conversation then turned to a discussion about the contraction of cannabis stock prices and the opportunity it represents for the Company. “You have companies that are not doing enough due diligence,” explained Buffalo, noting that many companies in the cannabis industry are not keeping up to date with their financials. “They’re just running kind of free to make acquisitions for top-line numbers,” he added. “Now the market is changing; you have investors who actually want a return on their money,” said Buffalo. “We’re going to continue seeing it be very challenging in the capital markets for private and public companies to be able to raise capital going forward,” he continued.“How do you see American Cannabis taking advantage of this?”, asked Lee. “We’ve been very strategic and methodical,” shared Buffalo. He explained that one of the Company’s Missouri clients, CannCare, is looking to diversify their holdings in other markets. “We’re vetting a couple of deals with them currently. We hope that we will have some of those deals inked in the next couple of weeks,” said Buf...