American Cannabis Company Inc (AMMJ)

[CuzMoneyMatters]

We'll e can't need a LOT more attention here t5o get to .80-$2.00! We can't even hold onto .20. But I'm rooting for us all anyway!

[Fallingknife75]

I have been one of the only posters on this board for quite a while, glad to see others starting to show up; the "herd" will figure it out eventually.

Buy-Hold-Retire before your old,

Knife

[SimeonGomez]

How is that no one's following this stock? Are people just missing the potential or am I being too optimistic for this company? I hope it goes to the moon.

Look at this report from Reuters: https://backend.otcmarkets.com/otcapi/company/research/251211/content

[beginneer]

I hope we will break out $2 this time. We arrived 0.20’s area w/out any noise. I feel a BO in 2.00’s here.

[CuzMoneyMatters]

Hear ya! Plenty experience with these boaeds!

[Fallingknife75]

So few people follow AMMJ that there is often no commentary. Enjoy it while it lasts, the "herd", and all the nonsense commentary they bring, will be here soon enough.

All the best,

Knife

[CuzMoneyMatters]

No one watching this today and commenting? Sure is a good day!

[CuzMoneyMatters]

Like your thinking! GL to us all!

[beginneer]

In my opinion this is the last dip before it starts rolling. Get ready and grab anything you are able to do. Lets go AMMJ!!!

[Golden Cross]

Yes, looks real good here $AMMJ

[Fallingknife75]

The Weekly chart shows a nice consolidation, testing the 20wma as support as well.

http://schrts.co/JyTbWSZb

The recent run up to .24 was not only testing a previous resistance area, but it was also testing my long term down trend-line; it held for now.

The consolidation is not surprising, but it has dropped farther than I had anticipated. Some of the selling pressure will subside when Mr Hollister is done selling his lots (see Form 4's in link below). Every three months or so he will have a string of sales totaling around 500k shares; the three Form 4's from this month have around 277k shares total. If the pattern remains the same, he is over half way done, which is good for us shareholders.

https://www.otcmarkets.com/stock/AMMJ/disclosure

All the best,

Knife

[Golden Cross]

AMMJ 50/200sma had a bullish golden cross here...Nice bullish sign...

[Fallingknife75]

Nice volume to start the morning with, about a 90k share slap on the Ask followed up by a large Bid hit; nice to see the activity.

IMO a break and hold above .21 will be significant to the chart and indicate the start of the next run; a 50/200dma Golden cross is imminent as well.

http://schrts.co/zcsNUuvM

Good times ahead,

Knife

[drew5]

Nice day here!

[Rogue3]

This continues to move nicely. Just when I think it might retrace, it climbs. Good sign.

[kaylex13]

30s next week

[Fallingknife75]

The recent price volatility should put AMMJ on the radar of more traders at least. If they do their DD on the company, they will become investors as well. I continue to add on any weakness and have nearly reached my desired position.

The chart is set up beautifully,

Good times ahead,

Knife

[darkinvestor]

Thanks again as usual Knife.

Great jump today was unexpected. Up 25 at one point before settling around 9%.

Iv accunmulated a decent amount of shares, I think a little good news goes a long way here. This is still flying low under the radar

[Fallingknife75]

Nothing really stands out in the Q1 report, pretty much as expected. Financials are solid, Revenues were only up 7% from last year Q1, but we are early in their expansion plans, so I will give it a pass for now. As mentioned previously, they recently changed their equity strategy for new partnerships going forward, this should help. Share dilution was minimal, up 2% in the last year.

Really just waiting on new contract signings, or other news, to kick the share price into gear.

Using a two year weekly-chart; The RSI is roughly centered at 52, the share price has broken and held above the 20wma for the first time since September. The 50wma resistance at .19 coincides nicely with the .21 - .25 resistance range; breaking and holding above this range would indicate a long term trend reversal IMO. There is good support in the .11 - .12 range, including the 20wma. The MACD and Signal line are both below the Center Line, showing the downward momentum, however they have been rising in relation to the share price, I see this as a Bullish Divergence. The OBV roughly tracks the share price, nothing notable to me.

http://schrts.co/rYvfHAHj

Switching to a two year-daily chart; The RSI is just above center at 59, the 200dma is providing resistance at .177 with the 50dma providing support at .12. A better view of resistance in the .21 - .25 range is visible. Support in the .11 - .12 range is apparent. The MACD is above the center-line, showing the recent momentum, however there has been a Bearish Signal Line Crossover with the recent consolidation, not unexpected. The OBV reflects the recent buying and is tracking the share price as it should.

http://schrts.co/NhmtMkfT

AMMJ is one of a few, very solid, yet overlooked, companies in the sector. I think they have a bright future, and am continuing my accumulation of shares.

All the best,

Knife

[darkinvestor]

Excellent, thanks Knife! Take care

[Fallingknife75]

The shares will be issued to White Lion as the company needs $$ over the next, roughly 30 months, remaining.

This prospectus relates to the resale of up to 34,090,909 shares of the Common Shares, issuable to White Lion Capital, LLC (“White Lion”), a selling stockholder pursuant to a “Purchase Notice right” under an investment agreement (the “Investment Agreement”), dated October 11, 2019, that we entered into with White Lion. The Investment Agreement permits us to issue Purchase Notices to White Lion for up to seven million, five hundred thousand dollars ($7,500,000) in shares of our common stock over a period of up to thirty-six (36) months or until $7,500,000 of such shares have been subject of a Purchase Notice.

If the company needs it, they will draw on it. White Lion can sell or hold the shares they receive as they see fit; I am not in a position to predict their actions.

All the best,

Knife

[darkinvestor]

When should we expect White Lion's 34m shares to be liquidated into the market?

That would be significant considering the 53m OT, an 70-80% increase in O/S should drop the PPS.

AMMJ has had great movement the last few weeks, coming from 8 cents to about 17 cents today, but far from its PPS a year ago.

Given the flooding of new shares from White Lion, looks like we will go into penny or sub penny land without any good news to off-set.

[Fallingknife75]

The company's near term financial needs should be taken care of by the $7m lending facility with White Lion Capital. The effective date of the S-1 filing was 4 Nov 2019, so it is largely untapped if at all. Due to this fact, I don't expect any of the newly raised A/S to be used anytime soon.

The A/S raise was necessary due to the previous A/S being only 100m. The current O/S of 53.5m, plus the 34m expected shares from the White Lion deal, totals 87.5m; leaving virtually nothing of the previous 100m A/S to play with going forward. Raising the A/S now was easy for them to do, not even requiring a shareholder vote since the insider holdings made it a sure thing anyway.

Will they eventually use the new A/S to raise revenues if an opportunity presents itself? Of course, that's what the capital markets are for. Given the history of AMMJ, and it's use of capital, I don't see any significant dilution coming. In all honesty, I would like to see the Float a bit larger; this would add liquidity to the stock, benefiting both traders and investors. Hopefully bringing more of both to the company.

All the best,

Knife

[darkinvestor]

500m is a big jump, thats about 10x the current OS, and 5x the current AS.

Why would they need so much headroom unless they were planning to dilute?

They have good revs and cash on hand, but this is certainly not a good thing.

[Fallingknife75]

Tuesday's 8k filing raising the Authorized Share (A/S) count to 500m would be seen by many as a bad thing, but it isn't. The previous A/S of 100m was mostly obligated due to the loan facility with White Lion Capital, approx 35m. The raising of the A/S gives them flexibility as they move forward with their expansion/partnership plans. I am glad to see them getting ahead of their expected needs. Also, any share issuance will likely be restricted and not be a factor in the share price until the restriction is lifted, typically after one year. The Preferred Share authorization remains unchanged and unused to date.

https://www.otcmarkets.com/filing/html?id=14083542&guid=tm4HU635083Yjth

All the best,

Knife

[Fallingknife75]

Nobody is watching AMMJ, not yet anyway.

The long and short term charts are looking solid. If we close above .11 on the week, it will be the first time since September that they close above the 20 Week moving average.

http://stockcharts.com/h-sc/ui?s=AMMJ&p=W&yr=2&mn=0&dy=0&id=p71105846807

On the daily chart, we have closed above the 50dma for a few consecutive days now; last time it happened was in late January.

http://stockcharts.com/h-sc/ui?s=AMMJ&p=D&yr=0&mn=6&dy=0&id=p40066319679

AMMJ is a very solid, yet overlooked company. With their small share structure, I expect a rather fast run up, when the herd figures out what they are missing.

All the best,

Knife

[darkinvestor]

Great show today, at one point up 24%. AMMJ is flying low under the radar but moving back up slowly.

[Fallingknife75]

Glad to be of help, I have been following AMMJ for a while and like their potential.

All the best,

Knife

[darkinvestor]

Great post, thanks Knife.

[Fallingknife75]

The Balance Sheet remains strong for AMMJ, with roughly $1m in Cash and only $325k in Total Liabilities. The Income statement looks good on a Year over Year comparison, but when you break out each quarter for 2019, Q4 looks pretty poor with a 64% revenue drop from Q3 numbers. This is likely due to the equity for services model they were trying. The company has had a number of these attempted equity deals fall through; there is a list of them in the 10K. It’s nice to see that the company is re-thinking how they will acquire equity going forward. Let’s hope the change gets the revenue numbers back up again.

“The Company no longer intends to enter into equity deals in exchange for service.”

There were no Financing Activities on the Flow statement, and the little dilution for the last quarter was primarily from employee compensation and warrants. For companies with a share structure this small, it is especially important to watch for dilution. It’s also important to know what insiders own and what they are doing with their shares. The most recent Outstanding Share count is 53,456,866; updated yesterday, and three insiders own 43% of it. The only one doing any selling is Corey Hollister who appears to have scheduled sales every 3-4months of roughly 500k shares. This is worth keeping an eye on as his sales can provide short term dips in the share price that can be taken advantage of. With such a high insider ownership, it only leaves roughly 30m shares actually available, making the stock quite volatile. There will be another 34m shares potentially being doled out to White Lion Capital as the company dips into the financing agreement; worth watching as well.

The stock trend is pretty obvious, I have been nibbling a few shares here and there, but am waiting for a reversal prior to adding significantly. The recent spikes down were unexpected, one of them appeared to be a Market Sell order which is foolish on the OTC, the other appeared to be from a temporary lack of Bid support which recovered shortly afterward.

From the recent Podcast it seems they may have some announcements coming soon:

Weve been very strategic and methodical, shared Buffalo. He explained that one of the Company’s Missouri clients, CannCare, is looking to diversify their holdings in other markets. We’re vetting a couple of deals with them currently. We hope that we will have some of those deals inked in the next couple of weeks, said Buffalo.

It will be interesting to see what is announced and how the news is received, I’ll be watching.

All the best,

Knife

[Fallingknife75]

Delayed, bummer.

Knife

[Fallingknife75]

Looking forward to seeing the Q4 revenue numbers. If their growth continues, as I expect, and the margins remain in the range of the past two quarters (68.5% and 59.7% respectively), they should pull off another profitable quarter.

AMMJ is an overlooked gem IMO. Let's hope they continue to perform, the herd will discover them soon enough.

All the best,

Knife

[Rogue3]

closed respectably, all things considering...

[Rogue3]

Share price at .056 as of 11:30? Bid is same but the ask is .099.

[Rogue3]

This one is hanging tough in the .11 and .12 range. Dont think the rest of my order will fill unless I chase. Will 4Q results show another positive net revenue? Patiently waiting.

[Fallingknife75]

The recent form 4's show Mr. Hollister thinning his position again; it appears to be a regular thing every few months. The amount of shares being sold is an insignificant percentage of his holdings, so no need to worry IMO, but it will put some pressure on the share price.

I am focused on other plays at the moment, but am building cash to increase my position in AMMJ in the near future.

All the best,

Knife

[Rogue3]

Finally began a starter position. Funny. Only my partial order at .10 filled.

[CuzMoneyMatters]

Looking for .22-.23 on the rebound. Lotsa life!

[blindjohn]

Keep on selling ... mwhuahauha

[Stonerex]

Nice comeback.. I was about to jump...still oversold...fire up the engines!   $AMMJ$

[drew5]

That was a run to remember.

[Captainandy]

#AMMJ: 2016 ALL OVER AGAIN...?

[golf_cart]

these guys are cash flow positive. interesting...

[golf_cart]

ITS $AMMJ TIME

[blindjohn]

Snoochie boochies

[darkinvestor]

This was at near a dollar just over a year ago

[kaylex13]

Much lower share structure then cnbx could get into the high 20s in few days

[blindjohn]

Hold on tight like a twiger

[Fallingknife75]

The company is solid and the shares are quite oversold, but the "bottom" is still illusive. Using a five year chart there is good support in the .08 - .085 range from 2015 - 2016. If it gets to that level I will be loading up heavily, otherwise I am looking for signs of a trend reversal which I believe will be coming early in 2020.

http://schrts.co/UpTHxfiI

Buy-Hold-Retire before your old,

Knife

[Rogue3]

Still feeling around for an entry point here.