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AmeriCann’s Massachusetts Joint Venture Partner Launches Adult Use Sales
February 25, 2021 GMT
Partner Bask, Inc. Commenced Sales at New Adult Use Retail Location
BOSTON, MA / ACCESSWIRE / February 25, 2021 / AmeriCann, Inc. (OTCQB:ACAN), a cannabis company that develops state-of-the-art cultivation, processing and product manufacturing facilities, announced that AmeriCann’s Joint Venture partner, Bask, Inc. has opened its adult use retail cannabis dispensary on Saturday, February 20, 2021 in Fairhaven, Massachusetts.
AmeriCann has a 15-year Joint-Venture partnership with Bask that provides AmeriCann with a 15 percent Revenue Participation Fee on all Bask revenue generated from sales from AmeriCann’s Massachusetts Cannabis Center (“MCC”).
AmeriCann, Inc.: AmeriCann s Massachusetts Joint Venture Partner Launches Adult Use Sales
Partner Bask, Inc. Commenced Sales at New Adult Use Retail Location
BOSTON, MA / ACCESSWIRE / February 25, 2021 / AmeriCann, Inc. (OTCQB:ACAN), a cannabis company that develops state-of-the-art cultivation, processing and product manufacturing facilities, announced that AmeriCann s Joint Venture partner, Bask, Inc. has opened its adult use retail cannabis dispensary on Saturday, February 20, 2021 in Fairhaven, Massachusetts.
AmeriCann has a 15-year Joint-Venture partnership with Bask that provides AmeriCann with a 15 percent Revenue Participation Fee on all Bask revenue generated from sales from AmeriCann s Massachusetts Cannabis Center ( MCC ).
The commencement of adult use sales may increase Bask s revenue by 3-5 times which would positively impact AmeriCann s Revenue Participation Fee.
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