AMERICANN INC (ACAN)

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.

Breaking News Arrows

Breaking News

  • AmeriCann Comments on Massachusetts' First Year of Adult-Use Cannabis SalesNovember 22, 2019DENVER, CO / ACCESSWIRE / November 22, 2019 / AmeriCann, Inc. (OTCQB:ACAN), a cannabis company that is developing state-of-the-art cultivation, processing and product manufacturing facilities, commented on the recent milestone of the one-year anniversary of recreational cannabis sales in the Massachusetts. Since the first adult-use stores opened in Massachusetts one year ago, the state has licensed a total of 33 cannabis stores, which have generated over $394,000,000 in sales. "AmeriCann recognized years ago that Massachusetts was positioned to become one of the strongest cannabis markets in the country," stated AmeriCann CEO Tim Keogh.
  • AmeriCann CEO to Speak at Cannabis Advancement Series Hosted at the University of MassachusettsOctober 24, 2019DENVER, CO / ACCESSWIRE / October 24, 2019 / AmeriCann, Inc. (OTCQB: ACAN ), a cannabis company that has developed state-of-the-art cultivation, processing and product manufacturing facilities, announced …
  • AmeriCann Comments on Historic Passage of the Federal SAFE Banking ActSeptember 26, 2019DENVER, CO / ACCESSWIRE / September 26, 2019 / AmeriCann, Inc. (ACAN), a cannabis company that is developing state-of-the-art cultivation, processing and product manufacturing facilities, commented on the House of Representatives' passage of the SAFE Banking Act and the positive outlook for federal cannabis legislation. In a groundbreaking political development a body of Congress has passed pro-cannabis legislation, the House of Representatives approved the SAFE Banking Act (H.R. 1595). Yesterday's approval is an important step in eliminating barriers for cannabis businesses and may be a tipping point in the long-sought quest for marijuana legalization nationally.
  • AmeriCann Completes Construction of Building 1 at Massachusetts Cannabis Center and Expects to Commence Revenue on September 1August 14, 2019DENVER, CO / ACCESSWIRE / August 14, 2019 / AmeriCann, Inc. (ACAN), a cannabis company that is developing state-of-the-art cultivation, processing and product manufacturing facilities, recently received a Certificate of Occupancy for Building 1 of AmeriCann’s Massachusetts Cannabis Center (MCC) in Freetown, Mass. The construction milestone commences the 15-year JV Partnership with Bask, Inc., an existing Massachusetts licensed vertically-integrated cannabis operator, which will occupy 100% of MCC’s Building 1 as of September 1, 2019. Previously, AmeriCann and Bask had signed a 15-year Joint Venture Partnership for Bask to operate the 30,000-square-foot greenhouse facility.
  • AmeriCann Secures $4 Million in Financing and Updates Design and Licensing Plans for 345,000 Square Foot Building at its Massachusetts Cannabis CenterAugust 8, 2019DENVER, CO / ACCESSWIRE / August 8, 2019 / AmeriCann, Inc. (ACAN), a cannabis company that is developing state-of-the-art cultivation, processing and product manufacturing facilities, recently secured a $4,000,000 investment to accelerate the second phase of construction at its Massachusetts Cannabis Center (MCC) in Freetown, Mass. The company also announced plans to expand its operations at MCC by applying for a cultivation license in addition to a marijuana product manufacturing license. On August 2, AmeriCann closed on a $4,000,000 loan with proceeds to be used for the final design and site preparation for Building 2 at the MCC. The new configuration of Building 2 includes over 345,000 in total, with 100,000 square feet of dedicated cannabis extraction, processing and product manufacturing space and 245,000 sq. ft. of cultivation infrastructure.