AMMJ OTCM· American Cannabis Company Inc.
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AMMJ OTCM· American Cannabis Company Inc.
Earnings report Q3 2023

American Cannabis Company Reports Decreased Revenue in Latest Quarter

Segments of revenue

American Cannabis Company's revenue is derived from various segments. In the three months ended September 30, 2023, the company reported the following revenues:

  • Consulting Services: $168,528
  • Product & Equipment: $218,242
  • Cannabis Products: $213,120


Despite a decrease in cannabis product revenues compared to the previous year, American Cannabis Company showed strength in its consulting services and product & equipment segments. Consulting services revenue increased significantly from $66,824 in the same quarter last year to $168,528, indicating a strong demand for the company's expertise in the cannabis industry. The product & equipment segment also performed well, generating $218,242 in revenue. This growth can be attributed to the company's ability to meet the market demand for its products and equipment.


The company faced challenges in its cannabis product segment, with revenues declining from $190,067 in the same quarter last year to $213,120. This decrease of $66,340 can be attributed to reduced sales during the period. The costs associated with cannabis products also decreased, reflecting decreased investment in infrastructure remodeling and upgrades. These challenges indicate a need for the company to reassess its strategies in the cannabis product segment to regain growth.


It is noteworthy that American Cannabis Company's loyalty reward program, which provides discounts to dispensary customers based on their total purchase amount, does not have a separate performance obligation. The revenue from the loyalty reward program is recognized at the time of purchase, indicating a customer-centric approach to driving sales and customer loyalty.


American Cannabis Company reported a mixed performance in its latest quarter. While the consulting services and product & equipment segments showed strength with increased revenues, the cannabis product segment faced challenges with decreased sales. The company's loyalty reward program highlights its focus on customer satisfaction and retention. To address the challenges in the cannabis product segment, the company may need to reevaluate its sales and marketing strategies. Overall, American Cannabis Company's performance in the latest quarter reflects the dynamic nature of the cannabis industry and the need for continuous adaptation to market conditions.

Source documents

Form 10-Q  filed on Nov 14, 2023
145 pages scanned

Reference data

Company financials Q3 revenue 599.9k
Analyst estimates Q3 EPS missed by NaN%
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