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Thursday, 12/21/2017 5:00:50 PM

Thursday, December 21, 2017 5:00:50 PM

Post# of 383727
$CANN nice Cali weed news, might have to get a few:

DENVER, Dec. 21, 2017 /PRNewswire/ -- General Cannabis Corp. (OTCQB: CANN) signed a $955,000 two-year contract today to manage a grow facility in California. This represents the largest single contract the company has undertaken since inception. The Company also plans to provide significant other services, including hardware and supply procurement, in addition to the initial contract terms.

"We have been developing potential clients in California for the past year, where cannabis becomes legalized for adult use on Jan. 1, 2018," said Robert Frichtel, CEO of General Cannabis. "California will become the world's largest legalized and regulated cannabis market at the beginning of the new year. We are pleased to have gained a solid foothold in what is projected to be a $7 billion state-wide market."

This new contract for Next Big Crop, the business consulting and management arm of General Cannabis, represents the second major California-based project for the company. Iron Protection Group, the firm's security division, opened an office near Sacramento earlier in 2017.

Richard Cardinal, Managing Director of Next Big Crop added: "We have worked to tailor our offerings and scope of services to accommodate California's evolving regulatory framework. This contract, along with our current management of one of Maryland's premier medical cannabis cultivation facilities, represents Next Big Crop's leadership positioning in cannabis operations and crop management nationwide. We anticipate additional major contracts throughout the first and second quarters of 2018, which should lead to significant growth for the year."

"Revenue from this new contract alone for the two-year contract period would be nearly equal to Next Big Crop's trailing 12-month operations revenue stream for the period ending Sept. 30, 2017," said Michael Feinsod, General Cannabis Chairman. "The foundation for General Cannabis is now not only stronger but more expansive. We are very excited about the opportunities for business growth in 2018 and beyond. We continue to actively seek new opportunities in regulated markets across the country."

"The louder he talked of his honor, the faster we counted our spoons." ~Ralph Waldo Emerson

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