American Cannabis Company, Inc.,
Closed Up 48.50% After 8-K
Filing Showing Merger Agreement.
American Cannabis Company, Inc., (OTCQB:AMMJ) saw a strong close up 48.50% today, after a major filing posted yesterday showing that the company has entered into a merger agreement with HyperScale Nexus Holding Corporation. The close came after a mid-day run up as much as 117.50% to a high of $.087. Below we will details some of the core points of American Cannabis Company, Inc., and some of the key details of the merger agreement itself.
This Is What American Cannabis Company, Inc., Does:
As detailed within the AMMJ OTC Markets Profile, “American Cannabis Company, Inc. offers end-to-end solutions to existing and aspiring participants in the cannabis industry. The company provides business planning and market assessment services, assist state licensing procurement, create business infrastructure and implement operational best practices. American Cannabis Company also developed and owns a portfolio of branded products including: The patented Satchel, SoHum Living Soils, The Cultivation Cube and The High Density Cultivation System ("HDCS").”
Details Of The New Merger Agreement With HyperScale Nexus Holdings Corporation:
In this 8-K AMMJ SEC filing, posted yesterday, AMMJ stated that on 9/5/23, the company entered into an agreement with HyperScale Nexus Holdings Corporation, to merge the two companies into one. According to the filing, the merger was unanimously agreed to the Board Members of each company.
While verbose in nature, the majority of the filing covered all legal aspects, mostly detailing in depth the vocabulary used within the filing. Traders are still awaiting further details about the specifics of the merger and what it will mean for the merged entities bottom line, by way of news updates which will likely be coming soon. Today’s growth was impressive but further details, if particularly bullish, could see a continuation of this recent growth action.
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