---
schema_version: "secwatch.filing_event.v1"
accession: "0001903596-24-000647"
form_type: "8-K"
ticker: null
cik: "0000945617"
company_name: "American Cannabis Company, Inc."
filed_at: "2024-11-08T23:59:59+00:00"
generated_at: "2026-05-30T03:11:30.026252+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# AMMJ sells 302.9M shares for $310K; appoints new CEO/Chairman as part of restructuring

## Summary
- Sells 302,900,458 common shares to TEC, LLC for $310,000 (~$0.001/share) to fund delinquent SEC filings and pay $135K+ to creditors.
- Proceeds required to file Form 10-Q for June and Sept 2024, Form 10-K for 2024, and submit new 15c2-11 application.
- At closing, Ellis Smith and Hollister & Blacksmith assume all company debts and indemnify company; Smith releases two promissory notes.
- Company will transfer Colorado medical marijuana licenses to Smith and Hollister & Blacksmith, subject to regulatory approval.
- Appointed Joseph Cleghorn as director, Chairman, CEO, and interim CFO effective Nov 11; he has 30+ years in real estate and marijuana industry.

## SEC filing metadata
- accession: 0001903596-24-000647
- form_type: 8-K
- cik: 0000945617
- company_name: American Cannabis Company, Inc.
- filed_at: 2024-11-08T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/945617/000190359624000647/0001903596-24-000647-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/945617/000190359624000647/ammj_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001903596-24-000647
- JSON: https://secwatch.observer/filing/0001903596-24-000647.json
- Plain text: https://secwatch.observer/filing/0001903596-24-000647.txt

## Key facts
- Executive change
  Joseph Cleghorn was appointed as Chief Executive Officer at American Cannabis Company, Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: Effective November 11, 2024, the Registrant appointed Joseph Cleghorn, age 64, as a director of the Company, Chairman of the Board of Directors, Chief Executive Officer, and interim Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/945617/000190359624000647/0001903596-24-000647-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.