General Cannabis (OTCQX: CANN)

General Cannabis is a Colorado-based company that provides services and solutions to the regulated cannabis industry. ACS leases medical marijuana grow space and other facilities, such as equipment and real estate, to business operators licensed to grow marijuana. ACS trades in the OTC market with the symbol CANN. It is based in Colorado Springs in Colorado, where medical use of marijuana was legalized in 2000 and was fully regulated in 2010.

Due to the legalization of marijuana for recreational use in Colorado and Washington, and medical marijuana laws in other states, marijuana usage has shown a strong potential to become a big business throughout the United States. This has led to increased demand for marijuana growing space. ACS is committed to helping meet this demand by buying property and leasing specialized real estate to marijuana growers and dispensaries for their production.

General Cannabis plans to provide a variety of ancillary services, advance logistic support, and regulatory compliance consulting to entrepreneurs in the cannabis industry. The company only provides solutions to the regulated cannabis industry, and does not engage in growing, harvesting, distributing, or selling marijuana or any substances that violate the Controlled Substance Act of the United States. ACS works exclusively with regulated and licensed business operators.

On December 31, 2013, Advanced Cannabis Solutions, Inc. closed on the purchase of a commercial marijuana grow facility in Pueblo County. The purchase of the 5,000 square foot grow facility in three acres of land represents the first asset acquisition of the company.

General Cannabis intends to leverage the extensive experience of its management team in serving the industry by providing ancillary products, real estate, and consulting. The company believes that cannabis industry’s strong national momentum will continue as more people appreciate the benefits of medical marijuana.


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Latest Financial News for CANN

The 2019 Outlook for General Cannabis After a 2018 Year of Expansion

NEW YORK, NY / ACCESSWIRE / March 18, 2019 / Traders News Source, a leading independent equity research and corporate access firm focused on small and mid-cap public companies is issuing a comprehensive report on General Cannabis Corp. (CANN), a trusted partner to the cultivation, production and retail sides of the cannabis business. On Feb. 13, 2019, the company announced that it had hired apparel and manufacturing veteran David Hirst, to lead Chiefton Supply's growth efforts in the booming cannabis-inspired lifestyle apparel space. On March 5th, the company announced an investment in Consolidated C.R., LLC, a Puerto Rico limited liability company.

General Cannabis Announces Investment in Vertically Integrated Cannabis Operation in Puerto Rico

Consolidated C.R., LLC (“CCR”), a Puerto Rico limited liability company.  The Company is investing $375,000 in the form of a convertible promissory note, bearing interest at 12%, collateralized by virtually all of the assets of CCR, with a term of 18 months.  The Company has a 90 day option to convert $250,000 of principal under the note into a 10% equity ownership in CCR. CCR is a vertically integrated medical cannabis company located in San Juan, Puerto Rico.

4 Marijuana Stocks Looking to Finish Strong on Thursday (2/14/19)

CORAL GABLES, FL / ACCESSWIRE / February 14, 2019 / What's incredible about the marijuana stock market is the sheer amount of excitement surrounding companies in the cannabis industry. As we've seen over the course of the past few years, more countries have brought forth legislation in favor of legalizing marijuana for recreational, as well as medicinal, purposes, and as a result, companies in the space have seen an influx in investor attention. If companies continue like this, the marijuana industry may see impressive gains as a result of favorable public opinions.

General Cannabis Taps Apparel, Retail and Manufacturing Veteran David Hirst to Lead Growth Efforts for Apparel Subsidiary Chiefton Supply

General Cannabis Corp (CANN), the comprehensive resource for the highest quality service providers available to the regulated cannabis industry, has hired apparel and manufacturing veteran David Hirst, to lead Chiefton Supply’s (Chiefton) growth efforts in the booming cannabis-inspired lifestyle apparel space. Most recently serving as Vice President of Sales for Outward Hound, a $60 million pet supply platform, Hirst has over 20-years of senior-level sales, business development and marketing experience across sporting and outdoor goods and apparel.

General Cannabis Announces Preliminary 2018 Results and 2019 Outlook

DENVER, Feb. 12, 2019 -- General Cannabis Corp (OTCQX: CANN) (the “Company”), the comprehensive national resource to the regulated cannabis industry, today announced unaudited.