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.


Yahoo! Finance: CANN News

Latest Financial News for CANN

General Cannabis Announces Entry into Term Sheet For Acquisition of Denver Cannabis Retailer

This potential transaction follows the Company’s recent announcement of its entry into non-binding term sheets to acquire other licensed cannabis entities in Colorado. The Company is taking these actions based on the signing of Colorado House Bill 1090 (“HB-1090”), a recently approved law allowing public companies to own Colorado-licensed cannabis companies.  Once the regulations surrounding the implementation of the law are finalized, the Company plans to enter into a binding transaction for the Business.

General Cannabis Corp Names Seth Oster to its Board of Directors

General Cannabis Corporation (CANN), the comprehensive resource to the regulated cannabis industry, announced today that veteran communications and public affairs executive Seth Oster has been elected to its Board of Directors. Oster has over 25 years of experience leading corporate communications, marketing and public affairs efforts at high levels of the federal government and in the private sector.

General Cannabis Announces 2019 Second Quarter Results

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

General Cannabis Announces Entry into Term Sheet For Strategic Acquisition of Leading Denver Vertically Integrated Cultivator and Retailer

General Cannabis Corp (CANN) (the “Company”), the comprehensive national resource to the regulated cannabis industry, today announced that it has entered into a non-binding term sheet to acquire substantially all of the assets of a licensed recreational cannabis cultivator and retailer in Denver, Colorado (the “Business”).  The seller of the Business operates two indoor cultivation facilities and a retail cannabis dispensary in central Denver to manage the Business.  The Business has been rated one of the best dispensaries in Denver by High Times magazine, and is the holder of a library of world-class cannabis genetics.

General Cannabis Announces Entry into Term Sheet For Strategic Acquisition of Premium Cultivation Facility

This potential transaction follows the Company’s recent announcement of its entry into a non-binding term sheet to acquire substantially all of the assets of The Organic Seed, LLC, doing business as Cannaseur. The Company is taking these actions based on the signing of Colorado House Bill 1090 (“HB-1090”), a recently approved law allowing public companies to own Colorado-licensed cannabis companies.  Once the regulations surrounding the implementation of the law are finalized, the Company plans to enter into a binding transaction for the Business.