Cannabis News

American Cannabis Company Posts Q2 Financial Results

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

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