Wednesday, November 23, 2016 4:40:01 PM
Everyone focuses on ACAN's
Massachusetts cultivation center and that's justified given the huge size, (25 football fields in size when all built out) the appeal of the Massachusetts market and the potential impact to the company.
But this is also -beyond Massachusetts-a company with a very serious management team that was an early entrant into the cannabis industry in Colorado. They have $2 million invested in land they own in Colorado and $1 million in an Illinois cultivation center. They invested $1 million in a cultivation operation in Colorado in 2014 and have gotten all their investment back plus $300,000 more.
This is all in their public filings.
Management has put up over $5 million of their own capital in building the business and ACAN completed a broker dealer led $2 million equity raise just before the election so they have a nice cash position. (Unlike most cannabis companies).
They have spent over $1.4 million and two years getting the giant MMCC proposed project zoned and approved and that looks real smart now. Massachusetts is going to need millions of square feet of cultivation capacity.
ACAN has a well structured capitalization with under 20 million shares outstanding and no cheap options or toxic debt.
And their market value is under $30 million while many clearly inferior public companies have much higher valuations.
Do your own research and DD and you'll see why people that know the industry like this company and what they are doing.
They have very ambitious long term national plans and if they succeed the shareholders will be very well rewarded.
Recent ACAN News
- Form 8-K - Current report • Edgar (US Regulatory) • 08/28/2024 09:02:21 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/26/2024 04:30:28 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/12/2024 08:30:28 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/14/2024 06:20:01 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/07/2024 12:30:47 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/14/2024 09:31:31 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 12/22/2023 10:18:49 PM
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