US: AmeriCann completes 3-year partnership with CO licensee

AmeriCann, an Agricultural-Technology company that is developing the next generation of medical cannabis cultivation properties, has completed a three year partnership with a licensed Colorado cannabis producer that has resulted in high returns to the company.

In 2014, AmeriCann contributed $1,000,000 in secured funding for the final design and construction of a 15,000 square foot state-of-art cultivation and processing facility in Denver, CO. AmeriCann’s Preferred Partner, 4900 Jackson, LLC, has been a licensed medical cannabis producer in Colorado since 2010.

With the final payment made in May of 2017, AmeriCann received total distributions over the term of the agreement of $1,457,000 from consulting fees, interest and principal repayment. The average annual returns exceeded 15% over the 3 years.

“Our partnership with AmeriCann has been excellent,” stated John Ray, managing partner of 4900 Jackson, LLC. “I learned first-hand of AmeriCann’s commitment to developing the most efficient, technologically advanced cannabis cultivation facilities possible. The innovations in cultivation technology that AmeriCann has developed for its development in Massachusetts are the future of the industry.”

“We are extremely pleased with our partnership with 4900 Jackson, LLC. The financial returns were excellent for our shareholders. As an early-mover in the Colorado market our team gained invaluable first-hand knowledge with innovative cultivation systems and the market dynamics from the most mature regulated market in the nation,” commented Tim Keogh, President and CEO of AmeriCann. “In 2016, Colorado was a $1.2 billion market, which continues to grow, and to participate in such a dynamic market was an excellent experience that we will continue to leverage in new markets throughout the country.”

For more information:
AmeriCann
3200 Brighton Blvd. Unit 114
Denver, CO 80216
(303) 862-9000
info@americann.co
www.americann.co