ACP created a cash flow positive model that protects shareholders
Privately owned American Cannabis Partners (“‘ACP”), a multistate operator creating a sustainable Jamaican cannabis experience, has created a cash flow positive business model that protects shareholders and the company regardless of the fluctuations in the industry. ACP’s CEO, Stephen Jordan worked in the cannabis business for three years in Jamaica. He brought those relationships, and employees with 30-40 years of experience in cultivation, back with him to California when recreational cannabis became legal in 2018. The company currently operates in Northern California and Michigan with plans to expand into a third state within the next year.
Tangible assets like real estate and equipment play a key role in creating stability for ACP before building the company out. They have acquired 11 cultivation licenses, one retail license, and have around 560,000 square feet of canopy space for cultivation. This provides the safety net to liquidate if necessary to stay in business while also protecting shareholders. ACP will remain cash flow positive as they move forward into their projected third U.S. state in 2022 and a fourth in 2024.
Assets and safety are essential values to the company, and, says Jordan, “That’s one of the hardest things to find in this industry. A lot of people and a lot of companies have products, but they’ve placed themselves in very strenuous liability situations. If they can’t make a product, they no longer have a company. ACP took the opposite direction” (https://cnw.fm/K1IbH).
The company’s “asset and safety strategy” is to acquire real estate and licenses in states that have newly passed cannabis legalization. This allows them to capitalize on Federal interstate commerce opportunities. Additional strategies are in place to capture the growth of emerging medical and recreational commercial markets.
Concern for the shareholder’s safety highlights the company’s overall care for others. A recent article shares what ACP refers to as its triple bottom line and goal to positively impact people (as a high-paying grower), the planet (100% organic material), and profits (through assets and safety) (https://cnw.fm/Bd1HN). The people will always come first. This is seen most clearly in ACP’s continued commitment to the needs of Jamaica and its people.
In addition to cultivation and real estate, ACP is focused on medical research. The company’s newly added medical director, Jeereddi A. Prasad, M.D., is responsible for placing physicians of various specialties in direct interaction with cultivators, to genetically steer plants for volunteer clinical research studies that focus on PTSD, Parkinson’s, and other conditions.
This is a company worth watching as they continue to spread out across the U.S., maintain the status as a high-paying grower, while remaining environmentally friendly and cash positive.
For more information, visit the company’s website at www.ACPFarms.com.
NOTE TO INVESTORS: The latest news and updates relating to American Cannabis Partners are available in the company’s newsroom at https://cnw.fm/ACP
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