Replies to post #394 on Americann Inc (ACAN)

[mc67]

Exactly : " The issue with previous years' capital raise is different for now. Currently, with many states including Massachusetts passing REC, the MJ market becomes red hot, raising capital for further development will become less an issue."

[Alan Brochstein]

Not sure who is going to trust these clowns. I have been listening to John Barton's b.s. on this for years. Gets real old.

[tarballmonger]

The issue with previous years' capital raise is different for now. Currently, with many states including Massachusetts passing REC, the MJ market becomes red hot, raising capital for further development will become less an issue.

How so?? No security collateral means no money!! All they have to offer any money is a lease and sub-tenant who needs money as well. You think anyone is going to write a check for $10Million just because these guys say the market is going to be YUGE? They live in fantasy land. I was hoping they had found an equity partner to go in with. That would have allowed for initial development and down the road expansion. What they have now done instead is stupid! I had two good flips with this and now its off to greener pastures. GLTA