Tuesday, November 18, 2014 1:52:09 PM
Commenting on the financial results, Corey Hollister, American Cannabis Company's CEO, said, "We are pleased with our revenue growth and the achievement of profitability in our first quarter as a publicly traded company after the merger. Our deferred revenue also grew to $184,000 from $11,000 at the start of the year. We generated gross margins on our consulting business of 58% and overall gross margins of 44% during the third quarter." Mr. Hollister continued, "Our management team is focused on addressing the growing demand for our products and services. Costs and staff additions will be strategically managed to support revenue growth while maintaining maximum gross and operating margins to bolster profitability."
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