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Monday, October 25, 2021

The Exciting Story of Americann Inc (OTCMKTS: ACAN)

Americann Inc (OTCMKTS: ACAN) is an exciting Company in small caps making really big moves as it enters the production phase at its recently completed its flagship Massachusetts Cannabis Center (“MCC”) in Freetown, MA with over 40,000 square feet of state-of-the art extraction and product manufacturing infrastructure.

Earlier this year ACAN announced its first harvest at its new state-of-the-art cannabis cultivation and processing facility. Annually, the facility is projected to produce 7,500 pounds of dry flower cannabis and over 400,000 units of infused product. The Massachusetts cannabis market has some of the highest cannabis prices in the United States, with wholesale prices exceeding $4,000 per pound and retail prices greater than $8,000 per pound.

Americann Inc (OTCMKTS: ACAN) operating out of Denver, Colorado is a cannabis company that develops cultivation, processing and product manufacturing facilities. AmeriCann uses greenhouse technology which is superior to the current industry standard of growing cannabis in warehouse facilities under artificial lights. According to industry experts, by capturing natural sunlight, greenhouses use 25 percent fewer lights, and utility bills are up to 75 percent less than in typical warehouse cultivation facilities. As such, AmeriCann’s Cannopy System enables cannabis to be produced with a greatly reduced carbon footprint, making the final product less expensive. Additionally, greenhouse construction costs are nearly half of warehouse construction costs.

AmeriCann Brands recently completed its flagship Massachusetts Cannabis Center (“MCC”) in Freetown, MA with over 40,000 square feet of state-of-the art extraction and product manufacturing infrastructure. The Massachusetts Cannabis Center is being developed on a 52-acre parcel located in Southeastern Massachusetts about 50 miles from Boston. The MCC project is permitted for 987,000 sq. ft. of cannabis cultivation and processing infrastructure, which will be developed in phases, and plans to support both the existing medical cannabis and the adult-use cannabis markets.

AmeriCann is also designing GMP Certified cannabis extraction and product manufacturing infrastructure. Through a wholly-owned subsidiary, AmeriCann Brands, Inc., the Company intends to secure licenses to produce cannabis infused products including beverages, edibles, topicals and concentrates.

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ACAN

Earlier this year ACAN announced its first harvest at its new state-of-the-art cannabis cultivation and processing facility. AmeriCann’s Joint Venture partner recently commenced operations at AmeriCann’s Massachusetts Cannabis Center (“MCC”) in Freetown, MA. The initial phase of the development, building 1, is a 30,000 square foot cultivation greenhouse and processing facility, 100 percent of which is occupied by Bask, Inc., an existing Massachusetts licensed vertically integrated cannabis operator. Annually, the facility is projected to produce 7,500 pounds of dry flower cannabis and over 400,000 units of infused product. The Massachusetts cannabis market has some of the highest cannabis prices in the United States, with wholesale prices exceeding $4,000 per pound and retail prices greater than $8,000 per pound.

AmeriCann’s Operating Revenue from Building 1, the completed first phase at its flagship Massachusetts Cannabis Center, increased 178% for the quarter ending September 30, 2020 from the prior quarter. AmeriCann’s Massachusetts Cannabis Center is located on a 52-acre parcel in Southeastern Massachusetts. The MCC project is permitted for 987,000 sq. ft. of cannabis cultivation and processing infrastructure, which is being developed in phases, and supports both the existing medical cannabis and the adult-use cannabis markets. The initial phase of the development, building 1, is a 30,000 square foot cultivation greenhouse and processing facility, that utilizes AmeriCann’s proprietary “Cannopy” system. Building 1 is fully-occupied by Bask, Inc., an existing Massachusetts licensed vertically integrated cannabis operator.

AmeriCann has filed license applications for Building 2 – the next planned phase of the MCC development. Building 2 calls for 180,000 additional square feet of cannabis cultivation and manufacturing infrastructure.

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Currently runninng northbound off its $0.25 base ACAN is an exciting story in small caps; the Company recently entered the production phase at its flagship Massachusetts Cannabis Center (“MCC”) in Freetown, MA with over 40,000 square feet of state-of-the art extraction and product manufacturing infrastructure. ACAN announced its first harvest at its new state-of-the-art cannabis cultivation and processing facility. Annually, the facility is projected to produce 7,500 pounds of dry flower cannabis and over 400,000 units of infused product. The Massachusetts cannabis market has some of the highest cannabis prices in the United States, with wholesale prices exceeding $4,000 per pound and retail prices greater than $8,000 per pound. We will be updating on ACAN on a daily basis so make sure you are subscribed to microcapdaily.com so you know what is going on withACAN.

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Disclosure: we hold no position in ACAN either long or short and we have not been compensated for this article.

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