Advanced Cannabis Solutions, Inc. provides services to the regulated cannabis industry throughout the United States. We lease growing space and related facilities (commercial real estate and equipment) to licensed marijuana business operators for their production needs. We are pursuing ancillary business products and services including customized plant nutrient lines, regulatory compliance consulting and advanced logistical support for grow operations. We are a fully reporting public company trading in the OTC market under the symbol CANN.
Our company is based in Colorado Springs, CO, where medical marijuana was legalized in 2000 and fully regulated in 2010.
Colorado has 450 licensed dispensaries using nearly 1,000 commercial properties and occupies well over 5 million square feet of space. The MMJ industry is now estimated to be a $350 million industry in Colorado. With the sale of Adult Use Cannabis commencing in January 2014, overall cannabis sales in CO will likely exceed $500 million in 2014.
Investors looking for SEC filing information for ACS should click go to EDGAR
ACS trades on the OTCQB market under the symbol CANN
COLORADO SPRINGS, CO--(Marketwired - Dec 18, 2013) - Advanced Cannabis Solutions (ACS) (OTCQB: CANN) announced today that it has been selected to present before the ArcView Investor Network at its January 23, 2013 meeting in Las Vegas. The ArcView Investor Network
, founded in 2010, is comprised of about 80 investors from the United States and abroad, many of whom are already involved in the marijuana industry.
ACS President and CEO Robert Frichtel stated, "It is an honor to be selected to share our Company's plans with such a prominent group of leaders in the marijuana industry. We believe that our business model is capable of meeting many of the challenges that growers and retailers are encountering in finding adequate commercial real estate and funding to expand their operations. We are looking forward to sharing this information with the forum members."
About Advanced Cannabis Solutions
ACS serves the cannabis industry by providing the following three distinct areas of products and services: real estate, consulting, and ancillary products. ACSs work exclusively with licensed and regulated clients and does not grow, harvest, distribute or sell cannabis or any substances that violate United States law or the Controlled Substances Act, nor does it intend to do so in the future. Management
Robert Frichtel, President and CEO Robert Frichtel served as a managing partner of IBC Capital Group, a commercial real estate and finance company, since 2002. Since 2010 Mr. Frichtel has consulted for numerous clients throughout the nation that are engaged in the medical marijuana business and has written articles for Bloomberg news regarding the cannabis industry. Between 1999 and 2001, Mr. Frichtel was the president and Chief Operating Officer of EOS Group, a division of Health Net, a NYSE listed healthcare company. Mr. Frichtel received a Bachelor of Science degree in Business Administration from Colorado State University. Roberto Lopesino Seidita, Vice President Business Development Roberto Lopesino, since March 2013, has operated a consulting business that studies and monitors the medical marijuana market in Colorado and consults to the industry on market pricing and trends. Since April 2011, Mr. Lopesino has operated a non-brokered commodities market for the commercial production of medical grade marijuana. He was the owner and manager of North Boulder Wellness Center in Boulder, Colorado, a multi-site medical dispensary and producer of marijuana. Mr. Lopesino studied engineering at Purdue University and the University of Colorado in Boulder. Christopher Taylor, CPA – Chief Financial Officer Christopher Taylor has been our Chief Financial and Accounting Officer since September 23, 2013. Mr. Taylor has been a licensed CPA in the state of Colorado for the last 20 years. He has worked in most aspects of financial management during this time, including financial reporting, auditing, tax preparation, budgeting and SEC compliance. In 2010, he began assisting medical marijuana businesses and built his practice to include over 50 clients in Colorado, Arizona and Washington. Mr. Taylor holds an Accounting Degree from Metro State College in Denver and has held executive positions at the Colorado Lottery (Chief Budget Officer) and Colorado Casino Resorts (CFO).
Preffered Stock: 5,000,000 shares authorized No shares issued & outstanding Common Stock: 100,000,000 shares authorized 13,824,200 shares issued and outstanding as of August 31st 2013