American Cannabis Co. said it has secured $5 million in funding after Tangiers Global agreed to take an equity stake for that amount in the Denver company.
American Cannabis – a marijuana consultancy and seller of ancillary products ranging from lighting to watering systems – also lined up a $330,000 bridge loan from Tangiers Global, which is based in Cheyenne, Wyoming.
The closing is subject to the filing of a registration statement with the Securities and Exchange Commission. American Cannabis trades on the ove-the-counter market under the ticker symbol AMMJ.
Tangiers Global’s previous investments include $5 million in April for Grow Condos in Oregon, a cannabis cultivation related company, and $5 million in 2011 for the Lingerie Fighting Championships. The company invests in microcap public companies.