American Cannabis Company, Inc. Announces It Has Secured A Contract With A New Client In California
American Cannabis Company, Inc. (OTCQB: AMMJ) (“ACC”), a full-service business-to-business consulting solutions provider, and seller of ancillary products to the cannabis industry, today announced that it has secured a consulting contract with California City Cannabis Company (California City) in the state of California. In conjunction with the consulting agreement, ACC will acquire an equity stake in California City’s project that is currently non-operational and in the development stage.
As proposed, California City has plans to construct a cannabis business park located in California City, California. The plans for the park include a total twenty to twenty-five acres of land set aside for development, and the potential hosting of future extraction, cultivation and distribution businesses. It is expected that this property will ultimately house up to sixteen (16) greenhouses at 25,000-35,000 square feet per unit, with a canopy limit of 22,000 plants. The project will begin with the initial construction of two greenhouses, which California City expects to expand into sixteen greenhouses over the next three years. California City’s project has been initially granted permits for medical cultivation and extraction and anticipates converting all of its licenses to recreational use after city regulatory review and approval.
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