AmeriCann (OTCQX: ACAN), a medical marijuana facility developer based in Denver, Colorado, recently launched the first phase of its planned MMJ facility in Massachusetts, and retained highly-experienced Campanelli Construction as general contractor. In the first quarter of 2017, AmeriCann plans to break ground on the Massachusetts Medical Cannabis Center – which is approved for 1 million square feet – and expects to have its preferred partners start cannabis production on the property by fall. When complete, the facility will be one of the largest and most technologically-advanced medical marijuana centers in the United States. The first phase of the project could cost up to $25 million and will include a 30,000-square-foot development and research building and a 130,000-square-foot processing and cultivation facility, according to AmeriCann CEO Tim Keogh. The State of Massachusetts allows both medical and recreational marijuana use.
To learn more, visit www.americann.co
AmeriCann is a publicly traded company that plans to develop and lease sustainable, state-of-the-art medical cannabis cultivation properties. The Company has over 1,000,000 square feet of facilities in the planning and design stages of development. The Company has designed a proprietary line of cannabis infused products which will be branded and licensed to companies in regulated markets. 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.
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