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September 04, 2023
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HyperScale Nexus Holding Corporation entered into an Agreement and Plan of Merger to acquire American Cannabis Company, Inc. (OTCPK:AMMJ) on September 5, 2023. Each three hundred shares of AMMJ common stock will be exchanged for one share of HyperScale Nexus common stock based on an exchange ratio of 300 to 1. Pursuant to the terms of the Merger Agreement, AMMJ will be a wholly owned subsidiary of HyperScale Nexus. Transaction has been unanimously approved by the board of directors of both the companies and recommended the adoption of this Agreement by the stockholders.
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