American Cannabis Company Inc (AMMJ)

[Fallingknife75]

Q3 filing is pretty solid.

Share structure is excellent with only 2% dilution YoYQ, almost all of it was from warrants issued to employees. Share Float remains at roughly 30m, extremely low. Balance sheet is strong with 5x cash and receivables vs total debt. Income statement looks good with 131% Revenue growth from the YoYQ; sequential revenues were flat. Gross margins are strong at 59.7% and they had a bottom line profit for the second quarter in a row (almost unheard of in the sector).

The Chart remains in a two year downtrend but is bumping into a strong support range from 2016 at roughly .18-22.

http://schrts.co/DngIjzJx

I will continue to add small blocks of shares in this range from time to time and will be building cash to keep available for when the chart shows signs of a reversal; will add large blocks at that time.

All the best,

Knife