AmeriCann Received Two Licenses from the Massachusetts Cannabis Control Commission
November 20, 2020 at 09:26 am EST
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On November 19, 2020, AmeriCann received two licenses from the Massachusetts Cannabis Control Commission. The licenses are for Cannabis Cultivation and a license for Cannabis Product Manufacturing. The Cultivation and Product Manufacturing licenses awarded to AmeriCann will be used by AmeriCann to cultivate cannabis and manufacturing cannabis infused products in Building 2 of the Company's development, the Massachusetts Cannabis Center (MCC). The MCC is a planned one million square foot sustainable greenhouse, processing and product manufacturing project in Freetown, Massachusetts which is being developed by AmeriCann. Building 1 of the MCC is complete and AmeriCann's JV Partner commenced operations in February of 2020 with a 30,000 square foot greenhouse and product manufacturing facility. The Company's design plans for Building 2 include approximately 400,000 square feet of cultivation and product manufacturing space.
AmeriCann, Inc. is a cannabis company that develops cultivation, processing and product manufacturing facilities. It has provisional licenses to produce cannabis-infused products, including beverages, edibles, topicals and concentrates. It designs GMP-certified cannabis extraction and product manufacturing infrastructure. Its flagship project is the Massachusetts Cannabis Center (MCC), which is being developed on a 52-acre parcel. MCC project is permitted for over 800,000 square feet of cannabis cultivation and processing infrastructure which is being developed in phases to support both the existing medical cannabis and the emerging adult-use cannabis marketplace. The Company, through a 100% owned subsidiary, AmeriCann Brands, Inc., has received two licenses from the Massachusetts Cannabis Control Commission to cultivate cannabis and provide extraction and product manufacturing support to the entire MCC project, as well as to other licensed cannabis farmers throughout regulated market.
AMERICANN, INC. 
