American Cannabis Company Inc (AMMJ)

[baldingcontrarian]

10Q figures. Please make sure you are sitting down...


10Q is out. I will be happy to break it down.

starting from the bottom (line),
net loss was 13k vs 226k
Shares were unch.
loss from operations was 4k(yes, just 4k in what is their slowest quarter, it appears)

SGA actually fell about 30%! 261k vs 335k

gross profits more than doubled in dollar terms,
256k vs. 117k
gross profit % rose 2100 bps,
47.5% vs 26.4%%

margins grew in both divisions, and grew to about 80% in their consulting biz
sales grew about 25% on the top line.

They operated the business super efficiently,
and foresee raising NO money via debt nor equity for the next 12+months, according to their 'liquidity' section.

they basically said that they didnt need to spend much to market nor in investor relations, due to the demand they are seeing and bringing IR in house, respectively.

This was better than I was expecting. The loss from Operations was essentially non existant.
The second quarter look nice so far as well.