Americann Inc (ACAN)

[tarballmonger]

First of all ACAN doesn't own the property, they lease it. They borrowed the money and flipped the property to the Bartons. The amount they borrowed was the purchase price LESS the monies they had already paid in the form of option to purchase rollovers to Boston Beer Company. So if the Bartons (their family investment vehicle) were to foreclose on the note to ACAN, that includes several provisions that you can go look up, they (the Bartons) would own the land at a discount to market value and could possible sell to get their money back.

You should really read all of the disclosures and other docs. In any event, the logical conclusion to all of this will be ACAN giving up a chunk of the action in return for financing. Probably a joint venture arrangement, which is something they should have done a long time ago. Then investors can evaluate the opportunity and what the share price should be.

In the mean time, enjoy the slide back to reality.