Tuesday, November 24, 2020 12:32:42 PM
(11/23) announcing they have been issued two important licenses from the Massachusetts licensing board that will allow them to cultivate and process cannabis. This is a very big deal.
They announced plans to build a 400,000 second phase at their MCC project (12 x the size of their current 30,000 greenhouse) to deploy these licenses. MCC is located 40 miles from Boston in the middle of what is regarded as the most dynamic legal cannabis market in the US.
ACAN plans to use these licenses to become a large scale producer of a wide array of cannabis products for the fast growing Massachusetts market.
This will make them IMO a major player in the booming eastern US cannabis market and likely a prime acquisition candidate for a larger MSO that wants to expand.
The ACAN stock is continuing to attract increased interest and move higher as more investors discover this overlooked gem. It still only trades at a $30 million market valuation a fraction of many other companies with far less value.
https://americann.co/news/americann-secures-two-new-cannabis-licenses/
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