---
schema_version: "secwatch.filing_event.v1"
accession: "0001903596-24-000686"
form_type: "8-K/A"
ticker: null
cik: "0000945617"
company_name: "American Cannabis Company, Inc."
filed_at: "2024-11-21T23:59:59+00:00"
generated_at: "2026-05-29T21:29:46.740966+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# American Cannabis enters binding LOI to acquire Credex Corp.; appoints Joseph Cleghorn CEO/interim CFO/Director

## Summary
- Binding LOI to acquire all assets and assume specified debts of Credex Corp.; purchase consideration to be determined post-due diligence.
- Joseph Cleghorn appointed CEO, interim CFO, and Director effective Nov 11, 2024, formalized with a one-year employment contract.
- Cleghorn's contract waives all cash and equity compensation; only health and life insurance premiums are reimbursed.
- LOI includes 60-day due diligence period, binding exclusivity and confidentiality provisions; transaction not yet definitive.
- Cleghorn signed LOI as Chairman of Credex, indicating both buyer and seller representation.

## SEC filing metadata
- accession: 0001903596-24-000686
- form_type: 8-K/A
- cik: 0000945617
- company_name: American Cannabis Company, Inc.
- filed_at: 2024-11-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/945617/000190359624000686/0001903596-24-000686-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/945617/000190359624000686/ammj_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001903596-24-000686
- JSON: https://secwatch.observer/filing/0001903596-24-000686.json
- Plain text: https://secwatch.observer/filing/0001903596-24-000686.txt

## Key facts
- Executive change
  Joseph Cleghorn was appointed as Director at American Cannabis Company, Inc..
  - Action: appointed
  - Role: Director
  source text: Effective November 11, 2024, the Company appointed Mr. Joseph Cleghorn as Chief Executive Officer, interim Chief Financial Officer, and Director.
  evidence_url: https://www.sec.gov/Archives/edgar/data/945617/000190359624000686/0001903596-24-000686-index.htm
- Executive change
  Joseph Cleghorn was appointed as interim Chief Financial Officer at American Cannabis Company, Inc..
  - Action: appointed
  - Role: interim Chief Financial Officer
  source text: Effective November 11, 2024, the Company appointed Mr. Joseph Cleghorn as Chief Executive Officer, interim Chief Financial Officer, and Director.
  evidence_url: https://www.sec.gov/Archives/edgar/data/945617/000190359624000686/0001903596-24-000686-index.htm
- 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 Company appointed Mr. Joseph Cleghorn as Chief Executive Officer, interim Chief Financial Officer, and Director.
  evidence_url: https://www.sec.gov/Archives/edgar/data/945617/000190359624000686/0001903596-24-000686-index.htm

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