AmeriCann, Inc.: AmeriCann Expands Joint Venture Partnership with Bask, Inc. at Massachusetts Cannabis Center
BOSTON, MA / ACCESSWIRE / January 19, 2021
/ AmeriCann, Inc. (OTCQB:ACAN), a cannabis company that develops state-of-the-art cultivation processing and product manufacturing facilities, announced that on January 19, 2021 the Company entered into an agreement to expand the cultivation capacity of its Joint Venture partner, Bask, Inc. ( Bask ).
AmeriCann s flagship project, the Massachusetts Cannabis Center ( MCC ), 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.
Bask, one of the premier vertically integrated Massachusetts operators, commenced operations in Building 1, the MCC s first phase, in February of 2020.
AmeriCann Expands Joint Venture Partnership with Bask, Inc at Massachusetts Cannabis Center saltlakecitysun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from saltlakecitysun.com Daily Mail and Mail on Sunday newspapers.
GREAT BARRINGTON â As pot shops bloom in a legal landscape, so might problems.
But there is a tariff on recreational cannabis that state and local officials hope will counter them called Community Impact Funds â one that already has amounted to $1.7 million in town revenue from Theory Wellness.
Now, $185,000 of that fund money can be spent, and the town is giving it to four local organizations and the school district to help prevent or solve any fallout from legal pot. That amount represents the companyâs first-quarter fee to the town, after opening in January 2019.
On Monday, the Select Board announced the recipients of the Community Impact Fund program, after a committee made the decision:
AmeriCann Announces Record Revenue for 2020 albuquerqueexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from albuquerqueexpress.com Daily Mail and Mail on Sunday newspapers.
AmeriCann, Inc.: AmeriCann Announces Record Revenue for 2020
Company Reported Full Fiscal Year 2020 Financial Results
BOSTON, MA / ACCESSWIRE / December 22, 2020 / AmeriCann, Inc. (OTCQB:ACAN), a cannabis company that develops state-of-the-art cultivation, processing and product manufacturing facilities, announced its financial results for the 12 months ended September 30, 2020.
2020 Financial Highlights and Recent Developments
The Company achieved record revenue for its fiscal year ending September 2020.
AmeriCann s revenue increased by $796,520 from 2019 to 2020.
The Company s operating revenue increased in every quarter for its fiscal year ending September 2020.
AmeriCann s operating revenue from Building 1, the completed first phase of the Company s Massachusetts Cannabis Center ( MCC ), increased 178% for the quarter that ended September 30, 2020 from the prior quarter.