American Cannabis Company Inc (OTCMKTS:AMMJ) reported that its active customer in New Brunswick has successfully filed supporting documents and application materials for the objective of acquiring business licenses to run within the newly established medical cannabis plan that is to be regulated by the Canadian government and the province.
This customer will be constructing a 63,000 square foot warehouse showcasing advanced extraction and cultivation technologies with an emphasis on lean manufacturing principles. American Cannabis’s client will be placing a greenhouse on the roof of the warehouse, increasing the firm’s overall output prospect as they look to meet the demand of the medicinal market as well as prepare and advance for sales and licensure for Canada’s imminent 2018 recreational market.
Terry Buffalo, the CEO of American Cannabis Company, expressed that they are extremely delighted to be working with such a dedicated and determined customer who intends to see their businesses succeed. Canada is full of business prospects for their company, and they cannot be happier to be offering services to what will soon be a leading producer in the space.
Earlier the company reported that in addition to the scope of work for offerings as indicated, it has expanded its current suite of services to include dispensary management and cultivation. The firm presently provides complete turnkey solutions for customers that need more hands-on assistance with business activities.
American Cannabis Company is actively seeking strategic associations with licensed and aspiring operators in growing marijuana plans and new state markets. The executive team anticipates to receive improved returns on its stock performance and the firm’s investments in client assignments due to the progressed business model, in which the firm offers discounted services in lieu for equity in its clients’ firms.
The firm is presently licensing intellectual property to customers for some of its services and products offered. This licensing service enables those customers to distribute and market the firm’s brand and/or white-labeled offerings in the numerous state markets.