AMERICANN INC (ACAN)
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AmeriCann, Inc., incorporated on June 25, 2010, intends to offer turnkey package of services, which includes consulting, design, construction and financing to approve and license marijuana operators throughout the United States. To support local businesses that seek to serve cannabis patients in their communities, the Company initiated the AmeriCann Preferred Partner Program. As of September 30, 2016, it had one Preferred Partner in Colorado, which was 4900 Jackson, LLC and one Preferred Partner in Massachusetts, which was Coastal Compassion, Inc. Through this program, the Company intends to provide a set of resources, including a range of cultivation facilities, access to a team of experts and in certain cases, capital for its partner’s businesses.
The Company focuses on leasing facilities to its Preferred Partners that will be designed with its cultivation and processing system called Cannopy. The Cannopy includes automation throughout the production life cycle, customized workflow processes, monitoring and controls, and top-line security systems. The Cannopy enables Preferred Partners to produce medical marijuana for patients in the compliant manner. The Company leases its office space located at 3200 Brighton Boulevard, Denver, Colorado on a month-to-month basis. The Company’s Monaco Street Property is zoned for cannabis cultivation and processing by the City and County of Denver.