CANNAINVESTOR Magazine Premier Issue April/May 2016 - Page 10

LATEST NEWS

AmeriCann Secures First Tenant for its Massachusetts Medical Cannabis Center

Definitive Agreement Signed with Coastal Compassion, a Medical Marijuana Licensee, for up to 600,000 Square Feet of the Approved 1 Million Square Foot Facility

The state-of-the-art sustainable greenhouse project will consist of multiple planned phases for tenants in the Massachusetts medical marijuana market. Coastal Compassion finalized agreements to occupy the first phase of the project that consists of an initial 130,000 square feet of cultivation and processing infrastructure. AmeriCann can expand the first phase to approximately 600,000 square feet, for Coastal Compassion based on patient demand.

The MMCC facility has been designed utilizing AmeriCann’s proprietary system known as “Cannopy.” AmeriCann has drawn on its team’s extensive experience in traditional horticulture, lean manufacturing, medical research, facility construction, regulatory compliance, security, cannabis cultivation and genetics, extraction techniques, and infused product development.

JoAnne Leppanen, Executive Director of Coastal Compassion, stated, “We are honored to join AmeriCann’s Preferred Partner Program and become the initial tenant of the Massachusetts Medical Cannabis Center. As a non-profit committed to providing high quality, affordable medical cannabis to Massachusetts patients we take great pride in the fact that the MMCC will allow us to produce medicine using less energy and have a reduced environmental impact."

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