American Cannabis investor Tangiers will invest $5 million in equity

Company issues convertible in connection with $330,000 bridge loan

By Devika Patel

Knoxville, Tenn., June 24 – American Cannabis Co., Inc. arranged a $5 million fixed funding equity commitment investment agreement with Tangiers Global, LLC on March 31, according to an 8-K filed Friday with the Securities and Exchange Commission. The company also issued an 8% fixed price convertible promissory note due Feb. 14, 2017 in connection with a $330,000 bridge loan facility.

Proceeds of both financings may be used for working capital purposes and acquisition or other strategic opportunities.

The Denver company offers consulting services, products and equipment within the cannabis industry.

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