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Anyone that says the recent ACAN $800,000 debt financing is not good for shareholders does not understand the transaction or the public capital markets.
If you read the 8-K filing (they didn’t issue a press Release on it as it is a relatively small financing) you will see it consisted of $800,000 in 12 month unsecured Notes with 8% interest Convertible into stock at $1.50 a share with a Warrant to buy another share at $1.50. Nothing toxic, excellent terms, fair conversion price and warrant coverage. And nice new capital for ACAN to prepare for the building of the first phase at their giant MMCC project in Freetown, Massachusetts.
Also, it was placed with accredited investors by GVC Capital, a respected
Colorado Investment Banker that knows the cannabis market (They also assist on capital raising for Grow Generation) also raised $2 million equity for ACAN in 2016 and arranged the company’s current $10 million that is committed with investors and filed with the SEC waiting for approval.
And to say this $800,000 is “ dilutive “ to ACAN shareholders couldn’t be farther from the truth. ACAN has only 20 million Total shares outstanding- a fraction of the shares outstanding for almost any other public cannabis company.
And the ACAN management team has $5 million of their own capital invested in The building of the company and has not sold one share of their stock in the four years since they went public.
Look at Form 4 management stock sales and you’ll see all cannabis companies-TRTC, CANN and many others management has cashed a lot of shares into the market.
ACAN management could have sold many shares any time— and they’ve sold zero!
This team has done a lot of very smart things and the shareholders are about to be highly rewarded. IMO
ACAN is trading over $5.00 and a close above and the all time high at $5.42 would be a major breakout and will get a lot of international attention in the stock.
A move to $10 could be coming IMO. Happy New Year :)
$ACAN
Checkout page 63, nice article on Tim Keogh and ACAN.
https://mjbizmagazine.com/digital-issues/2018-01-Jan/
$ACAN
To understand ACAN and their huge potential in Massachusetts any investor should understand this:
Massachusetts is quickly becoming the most dynamic cannabis market
in the US and there is no possibility the supply could keep up with the insatiable demand that will hit this market on July 1, 2018.
We’ve watched this happen before in Colorado and Nevada. There will literally be lines around the block and product shortages just like Colorado in 2014 and Nevada in 2017 when they went from medical to recreational.
Except Massachusetts will be even better—as it will be the only full legal recreational cannabis market in the entire northeast for at least several years.
Other NE states have a limited medical market and are going to go full recreational fairly soon but Massachusetts is years ahead and the
time required from state approval to implementation of the final rules and granting licenses takes at least a year.
Then the licensees must design and get approvals from the respective cities (not an easy thing) then build the facilities and grow the crop. Two to three years to complete the entire cycle—2021 or later for commercialization.
Starting in July 2018 the legal cannabis consumers will be flocking into Massachusetts from all over the NE including the giant markets of Philadelphia, NYC, Newark and dozens of other major cities.
This Massachusetts opportunity is shaping up as a perfect storm and those those who understand the cannabis industry already know it—limited licenses, vertical integration, delivery, and now cannabis consumption clubs and with it a significant developing canna tourism market which will add to what is already poised to be a $2 billion annual market by 2020. (Colorado will do $1.6 billion in cannabis sales 2017 and the Massachusetts population is 40% larger)
Colorado also has over 1,500 licensed cannabis operators and the industry is flourishing. Washington state and Oregon have about the same .
Massachusetts currently has granted fewer than twenty full licenses and while more will be issued and approved the early movers here are in a very enviable position.
And the Commonwealth has almost no cannabis infrastructure and what they do have is largely old, small scale converted energy draining converted warehouses which are expensive to operate and produce inferior product quality compared to sun grown cannabis from a greenhouse.
This market will require at least 5 million SF of newly built pharmaceutical grade cultivation and processing laboratories like ACAN is going to build at MMCC.
Small craft co op growers are nice but won’t be any meaningful factor in the market.(It’s like making bathtub gin after prohibition—high costs, lack of quality control, inconsistent product and they won’t own any dispensaries for distribution.)
ACAN is perfectly positioned with their 1 million SF shovel ready high tech greenhouse designed cannabis production plant in Freetown with the first phase pre leased to a licensee. They will have the first phase ready just at the right time for the big July 2018 rollout with additional phases build as the market expands. Their structure provides their shareholders with a royalty on everything produced at the plant—without ever touching the cannabis.
ACAN is based in Colorado (the forefront of the legal cannabis industry) and has been public since 2014. Management has invested over $5 million of their own capital in the business and investors have contributed millions more. They are preparing for an additional $10 million equity raise with a commitment from a substantial investment group for the entire amount.
They have been carefully preparing their aggressive Massachusetts project as a platform for growth and cash flow—and as a prototype for expansion into other states.
This has taken almost three years and they have been right on every step — location, scale, advanced scientific design and efficiency. The same design can be replicated as other states become legal and that is their plan.
The ACAN decision in 2014 to go all in on the Massachusetts market is about to pay off in a big way. $ACAN ... 2018 should be an amazing year for ACAN and it’s investors, IMO.
US cannabis stocks are getting a lot of play and worldwide interest due to the big 2018 prospects. No state is hotter than Massachusetts-it’s projected to grow from $100mm in 2017 to $1.2 billion by 2019.
ACAN is perfectly positioned to be the big winner there.
Through $3.50 should mean $5.50 (old high) and $10 would still only be a market value of $250mm and the average cannabis stock is now over $200mm.
ACAN is way above average and way undervalued, IMO. Should be a very exciting 2018... $ACAN
ACAN is beginning to get wider interest from cannabis investors and is preparing for a breakout year in 2018.
All the US cannabis stocks are moving and everything is coming together—Including the fact that Massachusetts—where ACAN has by far their largest investment with a shovel ready giant greenhouse production center ready for construction.
And Massachusetts is rolling out recreational cannabis in July and it is expected to create the most important legal cannabis market in the entire northeast US.
If the ACAN stock breaks out above the all time high of $5.50 it will appear on all the breakout boards meaning trading could increase a lot and get real interesting. $ACAN
ACAN has one of the lowest number of shares outstanding of any of the public cannabis companies—22 million with no cheap options or toxic debt total shares versus 300 million to over one billion for many of them. ACAN has a very well structured capitalization because the management knows the capital markets and what it takes to grow a company.
Also, the founders and management of almost every public cannabis stock have sold a large number of personal shares through Form 4 (management stock sales). ACAN is one of the only where management has sold none of their shares in almost 4 years. (Look it up)
And management has invested almost
$5 million of their own funds in ACAN.
This company is poised for a very big 2018 and beyond as cannabis prohibition is ending and Massachusetts is going to be the second biggest state for legal cannabis growth exceeded only by California.
The chart looks great and If it trades above the all time high of $5.50 it will attract a a lot of investor interest from all over the world. $ACAN
$ACAN
$ACAN
The MMCC project is the perfect project in exactly the right time in an ideal location. Massachusetts is the best developing cannabis market in the nation and will require millions of feet of cannabis cultivation just to keep up with demand in ‘18.
And ACAN CEO Tim Keogh, the very savvy cannabis pioneer, marina developer and native of Massachusetts probably knows more about the Massachusetts cannabis program than anyone—
He also headed and owns part of a company (CCI) which was awarded and owns one of only 15 highly valuable full Massachusetts cannabis licenses.
And CCI is just opening their first dispensary next month in Fairhaven with another getting ready to start in Dartmouth while they look for a third location to meet the coming demand next year and beyond.
CCI will need hundreds of thousands of feet of cultivation and processing capacity to serve their customers. MMCC can provide that capacity—with a very nice return to ACAN investors. That’s been the plan from the start.
ACAN has been in the right place with this project in the Massachusetts market from day one and knows exactly what they are doing.
They will have their MMCC project ready for the big recreational rollout in mid ‘18 and will likely build all 1 million SF by 2019.
ACAN is perfectly positioned to be one if the most dynamic companies in the cannabis space in 2018 and beyond, IMO. $ACAN
Anyone who is really concerned about ACAN and their mega Massachusetts Medical Cannabis Center cannabis production complex in Freetown should know:
ACAN took a big chance with a big possible payday by optioning the site in 2014 , planning and designing the project and buying the land in 2016 for $4.5 million.
The odds got a lot better for success when Massachusetts voters approved recreational cannabis last year.
Now the date is set for the rollout of recreational cannabis in the Commonwealth in July 1, 2018 and they look even smarter. $ACAN
AmeriCann CEO to Present at Massachusetts State House New Summit
•November 15, 2017Comment
Massachusetts Marijuana Summit: Understanding the Challenges and Opportunities in the New Age of Legalization
DENVER, CO / ACCESSWIRE / November 15, 2017 / AmeriCann, Inc. (OTCQB: ACAN), an Agricultural-Technology company that is developing the next generation of sustainable, state-of-the-art medical cannabis cultivation properties, announced today that CEO Tim Keogh will be speaking at today's State House News Forum "Massachusetts Marijuana Summit" held in Boston, MA.
The Forum will kickoff with an address by Massachusetts' newly created Cannabis Control Commission's Chairman Steven Hoffman and two lively panel discussions with experts from government, law, and the state's rapidly evolving marijuana industry about the many challenges and opportunities as Massachusetts navigates the new world of legalization.
The panel of experts will be moderated by Mr. Dan Adams of the Boston Globe and Mr. Jim Borghesani of the Marijuana Policy Project. The panel will address the state-specific regulatory, financial, and operational considerations facing regulators and entrepreneurs in Massachusetts' regulated Adult-Use and Medical Cannabis industry.
AmeriCann is developing the Massachusetts Medical Cannabis Center (MMCC), a state-of-the-art cannabis cultivation and processing development in the midst of the rapidly growing Massachusetts medical cannabis market. The MMCC project is approved for 1 million square feet, which will be developed in phases and is expected to be one of the most technologically advanced cultivation facilities in the nation.
"Massachusetts is one of the most dynamic developing cannabis markets in the United States," stated AmeriCann CEO Tim Keogh. "Our MMCC project will become a center of excellence for quality, consistency and efficiency and play an important role in helping to provide the cannabis infrastructure the Commonwealth requires."
The project first phase will consist of a 30,000 square foot greenhouse, laboratory and research center. AmeriCann has agreements with Coastal Compassion, Inc. one of a limited number of licensed operators in the Massachusetts cannabis market. Coastal Compassion, Inc. will lease 100% of the first phase of MMCC upon completion.
About AmeriCann
AmeriCann (OTCQX: ACAN) is a publicly traded Agricultural Technology (Ag-Tech) company that is developing a new generation of sustainable, state-of-the-art medical cannabis cultivation and processing properties.
AmeriCann, Inc. is a Certified B Corp, an acknowledgment of the company's commitment to social and environmental ethics, transparency and accountability. AmeriCann became the first public cannabis company to earn this respected accreditation. More information about the Company is available at: www.americann.co or follow AmeriCann on Twitter @ACANinfo
About Massachusetts Medical Cannabis Center (MMCC)
The Massachusetts Medical Cannabis Center is approved for nearly 1,000,000 square feet of medical cannabis cultivation and processing in Freetown, Massachusetts. The state-of-the-art, sustainable, greenhouse project will consist of multiple planned phases for tenants in the Massachusetts medical marijuana market.
AmeriCann's Cannopy System uniquely combines expertise from traditional horticulture, lean manufacturing, regulatory compliance, and cannabis cultivation to create superior facilities and procedures. AmeriCann is planning to replicate the Canopy platform in additional states.
The first phase of the project consists of 30,000 sq. ft. of cultivation and processing infrastructure in Building 3 and 130,000 square feet of Building 1. AmeriCann can expand Building 1 to approximately 600,000 sq. ft., based on patient demand.
About Solanna
AmeriCann has developed and owns "Solanna", a new comprehensive line of nutraceutical-grade cannabis-infused products. AmeriCannhas created the brand, packaging concepts and invested significantly in Standard Operating Procedures and Good Manufacturing Practices to ensure safety, consistency, and efficacy across the product offering.
The intellectual property for Solanna will be licensed by AmeriCann to regulated cannabis businesses and will initially focus on providing healthier alternatives to smoking that include:
Capsules
Topical lotions and balms
Sublingual tinctures
Oral dissolving film
Trans-dermal applications
The Company plans to expand the product line to include edible products, health drinks and branded concentrates. The products are designed to allow consumers to manage dosage through micro-dosing and to improve efficacy by incorporating blends of other plants, essential oils, and other supplements that enhance and complement the benefits of cannabis.
The Solanna line of products will be offered exclusively through AmeriCann's Preferred Partners.
Regarding the mention of a 50,000 SF cannabis cultivation facility being built in a town next to AmeriCann’s giant MMCC
project—consider that the Commonwealth of Massachusetts is going to need MMCC’s 1,000,000 SF and five more like by end of ‘18 just to keep up with demand. A 50,000 SF cultivation facility in a converted warehouse is insignificant in the whole picture.
Massachusetts opens for full legal cannabis on Sunday, July 1, 2018–The lines at the very limited number of dispensaries will
be around the block three times, prices will be $6,200 a pound ( double western state prices) with short supply and the media will be all over the story.
The same as Colorado and Nevada when they opened for full legalization-except Massachusetts will be far bigger. They will be the only full legal state in the entire northeast.
The development of the adult use cannabis market in Massachusetts is a giant business opportunity for anyone that’s in it.
And ACAN isn’t just in it, they have a three year head start and their MMCC project-the large environmentally advanced state of the art greenhouse cultivation and extraction facility shovel ready with the first phase pre leased and construction about to commence.
As for not getting any of their other projects built—anyone that follows the ACAN story knows they
have contributed over $2,000,000 in corporate cash toward the build out, with local licensees, in Colorado and Illinois, of two large cannabis producing facilities that have both been finished and are producing premium cannabis daily.
The MMCC project in Freetown is where the company has their biggest investment and major upside by far, but the other earlier developments were good for learning the cannabis business first hand and the economics were just fine for shareholders.
2018 will likely be a very exciting time for ACAN. They went into Massachusetts cannabis heavy and early and they are about to reap the dividends.
There is a major cannabis forum in Boston November 15 ( Wednesday) with all the movers and shakers in Massachusetts cannabis. (google for details )
The new CCC commissioner who will be in charge of the Massachusetts program will speaking and so will ACAN CEO Tim Keogh.
Anyone in the area might attend to learn just how enormous the Massachusetts cannabis market is going to be. $ACAN
Attached is another very positive news story about ACAN's massive MMCC. It is going to be a prime asset for ACAN in Massachusetts-the best developing cannabis market in the US. $ACAN
http://dailyfreepress.com/2017/09/14/expansive-medical-marijuana-center-eyes-massachusetts-market/
-Forbes highlights $ACAN in weekly Cannabis industry recap. Word is getting out that this has the potential to be a very exciting cannabis play. $ACAN
https://www.forbes.com/sites/debraborchardt/2017/09/08/cannabis-industry-weekly-recap-982017/?c=0&s=trending#12e2e0df1365
With this financing and the Massachusetts cannabis market so hot the ACAN stock is likely to gain
a lot of interest from new investors.
ACAN stock is probably worth more than the $40 million market valuation it trades for without their big MMCC project. With it being built the sky is the limit. Looks like lots of good news coming here.
The ACAN management was smart to bet in Massachusetts for their mega greenhouse project. It looks like a big payoff coming to shareholders on that bet, IMO... $ACAN
Anyone interested in the cannabis industry should seriously watch this program which CNBC released last week.(see trailer below)
Cannabis is going mainstream fast and the real cannabis stocks are going to reflect this.
With 94% of Americans supporting medical cannabis in the recent polls the politicians are going to get the message very soon.
https://www.youtube.com/embed/6mAClMqKN94
With the recreational cannabis bill now in place Massachusetts is going to have explosive growth in their cannabis industry for five years --$1 B a year emerging market with almost no cultivation capacity.
ACAN went in there quietly two years ago bought the land and master planned a giant greenhouse cannabis campus --the Massachusetts Medical Cannabis Center (MMCC) project 47 miles from Boston. It will be their flagship project.
It's now ready to build and just when the market is ready for it.
Great play on the Massachusetts cannabis market-probably the most dynamic in the nation. $ACAN
Nice Article and more talk about ACAN. $ACAN
http://www.thecannabist.co/2017/07/27/canada-greenhouse-cannabis-cultivation-massachusetts/82609/
Like anyone that really understands the Massachusetts cannabis business (Their CEO likely knows as much as anyone) ACAN is likely waiting and watching to see if Governor Baker signs the recreational bill that both chambers finally passed. He has until the 31st to sign and make the Commonwealth a red hot recreational market or not. If he signs smart companies will begin to make final plans for development.
And the ACAN MMCC project is increased in value by a lot if recreational is for real.
Medical only or recreational too, this is a perfectly located well planned master planned cannabis development that is ready to build.
The long awaited legislative agreement on the Massachusetts recreational cannabis program is through committee and final vote is expected with the bill to be signed by Governor Baker next week.
This is a highly positive development for ACAN as they have bet a lot in time and capital to get this giant high tech cannabis production and processing plant south of Boston approved and designed. Smart move.
Massachusetts is projected to be a $1.6 billion annual market with a booming cannabis tourism market besides the 6.7 million people that live there.
The MMCC project and five more like it will need to be built in Massachusetts just to keep up with cannabis demand. And they will have to be large scale greenhouses like MMCC to compete.
ACAN bet a lot on the Massachusetts MJ market and it's about to pay off big time, IMO.
Anyone who says CCI (the Massachusetts medical cannabis licensee that has leased the first phase at ACAN's MMCC project ) doesn't have a license should go to Fairhaven, Massachusetts where CCI is just moving into 10,000 SF state of the art medical cannabis dispensary, infused products kitchen and cultivation center.
Also, ACAN designed, invested $1 million, consulted and partnered for a very successful 15,000 SF warehouse cultivation and lab project in Colorado and have invested $1 million in an Illinois warehouse grow and laboratory, and paid $2.25 million for a cannabis zoned site in Denver which they still own. Like the company and their large scale Massachusetts project or not, but to say their first tenant doesn't have a license or that they haven't developed cannabis properties is not true.
Anyone interested in ACAN and their big Massachusetts Medical Cannabis Center ( MMCC) project should understand the following:
The Massachusetts cannabis market after a very slow and indecisive start is now viewed by experts as perhaps the best opportunity in the nation.
All experts agree that with recreational cannabis opening July 1 2018 the Massachusetts market will explode with growth much like Colorado, Washington and Oregon did when they went full legal.
Projections are for over $1 billion in cannabis sales in Massachusetts annually by 2020. Thus will require
at least 3 million SF of cultivation and processing capacity. The entire state has 300,000 SF in place and it's all in converted warehouses.
ACAN is the early mover here and in the ideal place with the perfect project at the right time. They have the first phase leased and ready to build.
The final bill giving the rules on recreational will be done shortly and it will give the Massachusetts MJ industry a major boost.
Americann.co
Anyone that questions the demand for the ACAN MMCC project in Freetown doesn't have a clue about the reality of the Massachusetts medical and soon to be adult use cannabis market. Here are the facts:
Massachusetts is the best market in the US for cannabis with almost no growing capacity, a giant untapped market and the highest prices in the nation --$6,200 a pound retail.
Colorado is a few years ahead of Massachusetts with adult use and has 8.2 million SF of cultivation capacity with a population of 5.5 million.
Massachusetts has 6.7 million population and 280,000 SF of cultivation-all in obsolete converted warehouses.
Massachusetts will require at least 3 million SF of cultivation and the MMCC project will provide 1 million SF of that.
Also the MMCC project is years ahead of any competitor in latest greenhouse growing technology.
It is going to be a great cash producing project for ACAN and it's shareholders for years to come.
$ACAN
Would you please take the time to understand that the $1.2 million private placement you are discussing has absolutely nothing to do with any individual selling any of their shares. This is stock being sold by the company and all net proceeds go to the company to further development of their business. Very routine. No selling shareholders.
All good for ACAN shareholders. Move on.
Would you please take the time to understand that the $1.2 million private placement you are discussing has absolutely nothing to do with any individual selling any of their shares. This is stock being sold by the company and all net proceeds go to the company to further development of their business. Very routine. No selling shareholders.
All good for ACAN shareholders. Move on.
Ben Barton, the largest ACAN shareholder, has invested over $5 million in personal capital into the company and has never sold any shares. The filing DF Phoenix cites has nothing to do with Mr. Barton selling anything.
ACAN continues to get more media coverage! $ACAN
AmeriCann Inc. (OTCQX: ACAN) a company that is developing the next-generation of sustainable, state-of-the-art, energy efficient medical cannabis cultivation properties, announced yesterday that, The Company's flagship Massachusetts Medical Cannabis Center ('MMCC') project is 47 miles from Boston in the midst of the rapidly growing Massachusetts medical cannabis market. The MMCC project is approved for 1 million square feet, which will be developed in phases and is expected to be one of the most technologically advanced cultivation facilities in the nation. The company is planning to replicate the MMCC technology in additional states.
AmeriCann Inc. was also recently added to two Marijuana stock indices:
The LD Micro Index: http://www.ldmicro.com/the-index
North American Marijuana Index: https://marijuanaindex.com/stock-quotes/north-american-marijuana-index/
Forbes has a nice mention of ACAN in article below. $ACAN
https://www.forbes.com/sites/debraborchardt/2017/05/08/the-marijuana-industry-is-getting-super-sized/#200f9818126e
Big and very positive news for the cannabis industry. The budget bill
includes no funds for government
enforcement against states that have medical cannabis.
More investment funds will be flowing and more people than ever will be watching cannabis stocks.
https://mjbizdaily.com/congress-action-medical-cannabis-protections-gives-industry-breathing-space/