AMERICANN, INC. (OTCMKTS:ACAN) Files An 8-K Other Events
Item 8.01.
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Other Events |
On March 23rd, 2017, AmeriCann, Inc.s CEO, Tim Keogh,
will be a panelist at a summit organized by Jeffries, LLC, a
Global Investment Banking Firm, in San Francisco, CA. The private
event will consist of 1-on-1 meetings with institutional
investors and an expert panel presentation by leading public and
private companies operating in the emerging cannabis industry.
On March 17th, 2017, AmeriCann retained the services
of a Maryland-based government affairs firm to assist in
identifying opportunities and monitoring legislative and
regulatory changes in Marylands medical marijuana market.
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Item |
Entry Into a Material Definitive Agreement |
On July 31, 2014, AmeriCann closed on an all cash purchase of a
five-acre parcel of land located in Denver, Colorado. The total
purchase price for the property was $2,250,000. The property is
currently zoned for cannabis cultivation and processing by the
City and County of Denver and serves as collateral for a $990,000
loan which was payable on March 15, 2017. On March 15, 2017 the
maturity date of the loan was extended to March 15, 2018. The
interest rate on the loan, 18% per year, remained the same.
About AMERICANN, INC. (OTCMKTS:ACAN)
AmeriCann, Inc. develops, owns and supports medical cannabis cultivation and processing facilities. The Company has a multi-market portfolio of over 1,000,000 square feet of cannabis production infrastructure in various stages of development, which consists of approximately 125,000 square feet of approved cultivation and processing infrastructure on over five acres located at 5280 Monaco St. in Denver, and site approval for approximately 977,000 square feet of cultivation, processing and administration infrastructure at the Massachusetts Medical Cannabis Center (MMCC). To support local businesses that seek to serve cannabis patients in their communities, the Company initiated the AmeriCann Preferred Partner Program. The initial step in becoming a preferred partner involves an application on its Website. The Company focuses on leasing facilities to its Preferred Partners that will be designed with its cultivation and processing system called Cannopy. AMERICANN, INC. (OTCMKTS:ACAN) Recent Trading Information
AMERICANN, INC. (OTCMKTS:ACAN) closed its last trading session up +0.09 at 4.30 with shares trading hands.
