Shares of American Cannabis Company (OTCMKTS:AMMJ) moved up sharply last week with a gain of 61%.
Market Reaction
On Friday, AMMJ stock decreased 0.58% to $0.0770 with more than 2.21 million shares, compared to its average volume of 360k shares. The stock moved within a range of $0.0610 – 0.0870 after opening trade at $0.0825.
American Cannabis Company Partners with Bubba Kush Cannabis Brand
Business-to-business cannabis consulting solutions company and licensed operator, American Cannabis Company (OTCMKTS:AMMJ), on February 25, 2022 announced partnership with the Bubba Kush cannabis brand.
Americal Cannabis Company will be giving consulting services as well as extensive cultivation to Bubba Kush. The firm would also be working closely for producing a stream of Clean Green Certified cannabis. Furthermore, ACC would be engaged in production, packaging, sales as well as distribution of Bubba Kush brand across Colorado.
Ellis Smith, co-founder and CEO of American Cannabis Company said that the firm is excited on working with Bubba Kush and supporting long-standing cannabis strain, which has been staple in gardens for more than two and half decades. Smith added that the goal is to build on relationship and expand into newer markets with them.
The partnership also provides ACC a chance to give top-tier, organically based products at the Naturaleaf retail dispensaries, located in Colorado Springs.
Reggie Harris, CEO and co-founder of BK Brand Wellness, LLC said that they see the partnership as a means to enable top-notch grow partner in medical market of Colorado. Harris added that it hopes to also pursue more collaborations throughout the legal cannabis industry. The CEO further said that Ellis and team embrace the journey of bringing legacy genetics to marketplace. The partnership is best for conscious cannabis consumer in Colorado as individuals prefer to consume high quality and green cannabis products.
Traders Review
AMMJ stock is trading above the 20-Day and 50-Day Moving averages of $0.0551 and $0.0553 respectively. However, the stock is trading below the 200-Day moving average of $0.1008.
