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    cannabis investing

    American Cannabis Company Posts Q2 Financial Results

    Bryan Mc Govern
    Aug. 29, 2017 09:07AM PST
    Cannabis Investing News

    American Cannabis Company announced its financial results for the second quarter of 2017.

    American Cannabis Company (OTCQB:AMMJ) announced its financial results for the second quarter of 2017.
    As quoted in the press release:

    2017 Mid-Year Financial Update
    American Cannabis Company is pleased to provide an overview of its second quarter financial results and an update on its progress year-to-date.

    • The Company’s current ratio for the period ended June 30, 2017 was 13.40, which reflects the Company’s liquidity and its ability to cover its current liabilities.
    • The Company’s debt to equity ratio for the period ended June 30, 2017 was 0.08, which indicates the Company’s solvency and its ability to satisfy its debt obligations.
    • The Company’s quick ratio for the period ended June 30, 2017 was 13.23, which shows the Company’s availability of liquid assets

    Click here to read the full press release.

    Source: www.marketwired.com

    cannabis investingfinancial resultsfinancial update
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