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Tag Archives: ACC

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GTEC Provides Update on Status of Sales License and Other Operational Updates

GTEC Provides Update on Status of Sales License and Other Operational Updates
Alberta Craft Cannabis Inc. ("ACC") is a Licensed Producer under Health Canada's Access to Cannabis for Medical Purposes Regulations located in Edmonton, Alberta.  ACC operates a 14,000 sq. ft. craft cannabis cultivation facility. ACC has currently completed its initial harvests and has notified Health Canada. The Company is now awaiting Sales License inspection to be completed within the expected timeline.
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American Cannabis Company, Inc. Comments on New Chief Financial Officer, Engagement of New Independent Auditor and SEC Filing Status

American Cannabis Company, Inc. Comments on New Chief Financial Officer, Engagement of New Independent Auditor and SEC Filing Status
In its Form 8-K filing, the Company disclosed R. Leslie Hymers’ resignation as Chief Financial Officer. The Company replaced Mr. Hymers with Mr. Michael Schwanbeck. Mr. Hymers’ resignation allowed the Company to implement a new policy establishing the Chief Financial Officer position internally. Since 2014, individuals serving as the Company’s Chief Financial Officers were not required to be dedicated employees working inside the Company’s headquarters. The Company’s desire was to require its Chief Financial Officer to work solely for the Company on-site. The Company believes as a result of requiring its principal accounting officer to work internally at Company headquarters, more efficient and organized accounting will result that will assist the Company in making timely reports to the Commission. Mr. Schwanbeck previously served as part of the Company’s internal accounting team, and agreed to the internal position as the Company’s Chief Financial Officer.
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