American Cannabis Company Inc (OTCMKTS:AMMJ) Stock Jumps After Providing Key Updates

The American Cannabis Company Inc (OTCMKTS:AMMJ) is an interesting firm considering the fact that it is involved in providing consultancy services to businesses in cannabis sector and is a licenced owned operators as well.

Trading Data

On Friday, AMMJ stock gained 1.83% to $0.0501 with more than 330k shares, compared to its average volume of 375k shares. The stock moved within a range of $0.0460 – 0.0575 after opening trade at $0.0550.

American Cannabis Company, Inc. Provides Overall Update on Company Progress and Plans for 2022

Over the course of the past week the stock has been in the middle of a strong rally and has managed to bring in gains of as much as 8% amidst heavy interest. In this situation, it may be a good idea for investors to perhaps take a look at the updates provided by company with regards to its plans and progress made in the year 2022.

American Cannabis Company noted that 2022 will be a busy year for all the brands that it has in its portfolio. In this regard, it should be noted that since the company had been established back in 2013, the company’s success had largely been driven by the end to end consulting services that it provides.

In addition to that, it was also noted that American Cannabis Company had also come up with strategies that were going to help the company with scalability as well as sustainability over the long term. It may be a good time to start tracking the American Cannabis Company stock.

Key Quote

Ellis Smith, Co-Founder and the new CEO of American Cannabis Company, Inc., said: “This is going to be a very exciting year for the Company. We are now in a position to deploy our ‘cage-free cannabis’ products and services across all brands under the parent company umbrella. With this ability to now showcase our passion and expertise for a consistent high quality cannabis experience, ACC will continue to implement means to further validate our mission. We will continue to show the market how our products stand apart from other commercially manufactured products.”

Technical Data

AMMJ stock is trading below the 20-Day and 50-Day Moving averages of $0.0524 and $0.0608 respectively. Moreover, the stock is below the 200-Day moving average of $0.1185.