American Cannabis Company Secures 500,000 Unit Order for Its Recently Launched Product, The Satchel(tm)
June 30 2014 - 8:00AM
Access Wire
Child-Resistant, Exit-Package Ordered by
Large Customer of Products for Cannabis Dispensaries
DENVER, CO / ACCESSWIRE / June 30, 2014 /
Brazil Interactive Media, Inc. d/b/a American Cannabis Company Inc.
(OTCQB: BIMI) (the “Company” or “ACC”), today announced a
significant order of its recently-launched product, The
Satchel(tm), which will be for use by dispensaries as an
industry-approved exit package of cannabis-based products.
ACC’s The Satchel(tm) is a child-resistant bag for dispensaries
to assemble orders and ensure the proper handling of cannabis. The
Satchel(tm) has also been awarded an approval from the American
Society for Testing and Materials (ASTM) and meets Colorado’s
Marijuana Enforcement Division’s (MED) handling regulations for
cannabis-based products. The Satchel(tm) is sold through the
Company’s diversified, multi-product distribution division, The
Trade Winds. As reported in press on June 12, 2014, the Company
believes demand for The Satchel(tm) could be approximately 80,000
units per month.
“After first identifying the niche in this market and the year
of development and test marketing of The Satchel(tm) that followed,
we are not surprised at the demand for it," began ACC’s CEO, Corey
Hollister. “Cannabis, just like any regulated prescription
medicine, must adhere to handling and transport standards. These
safety and handling standards are equally important to the
patient/individual as the dispensary itself. Though previous
versions of exit packages were tested, we believe our product now
provides dispensaries a cost-effective, compliant and approved
option to this large market which is currently being serviced by
only a handful of manufactures of compliant exit-bags. Our recent
order is a clear demonstration of this fast growing market in which
we are a first mover.”
ACC’s 500,000 unit order will be shipped and billed to its
customer in 170,000 unit increments through December of 2014. The
Company anticipates recognizing all of the revenues and profits
from this order in its calendar year ending December 31, 2014.
Revenues from sales of The Satchel(tm) and other The Trade Winds
products will be reported to shareholders, the public and, as and
when required, to the U.S. Securities and Exchange Commission.
About American Cannabis Company:
American Cannabis Company (“ACC”) owns and operates three
vertically integrated businesses, American Cannabis Consulting,
Cube Root Inc. and The Trade Winds Inc., which deliver an
end-to-end solution for their customers and clients within the
cannabis industry. Through these businesses, ACC provides
industry specific advisory and consulting services,
manufactures cultivation products and facilities, and manages a
strategic group partnership that produces private label customer
products. ACC has successfully procured licensing agreements for
its clients in several states and is accessing existing and new
growth opportunities, in both domestic and international
cannabis markets.
For more information, please visit:
http://www.americancannabiscompanyinc.com/
Forward Looking Statements
This news release contains "forward-looking statements"
which are not purely historical and include any statements
regarding beliefs, plans, expectations or intentions regarding the
future. Such forward-looking statements include, among other
things, the development, costs and results of new business
opportunities. Actual results could differ from those projected in
any forward-looking statements due to numerous factors. Such
factors include, among others, the inherent uncertainties
associated with new projects. These forward-looking statements are
made as of the date of this news release, and we assume no
obligation to update the forward-looking statements, or to update
the reasons why actual results could differ from those projected in
the forward-looking statements. Although we believe that any
beliefs, plans, expectations and intentions contained in this press
release are reasonable, there can be no assurance that any such
beliefs, plans, expectations or intentions will prove to be
accurate. Investors should consult all of the information set forth
herein and should also refer to the risk factors disclosure
outlined in our annual report on Form 10-K for the most recent
fiscal year, our quarterly reports on Form 10-Q and other periodic
reports filed from time-to-time with the Securities and Exchange
Commission. For more information, please visit
http://www.sec.gov/.
Contact:
Company
John Mattio
Corporate, Media and Investor Communications
Phone: (720) 466-3789
john@americancannabisconsulting.com
Source: American Cannabis Company Inc.
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