Business
AmeriCann CEO Featured Speaker at Canna East Compliance Summit in New York City
AmeriCann CEO Featured Speaker at Canna East Compliance Summit in New York City.
About this update from Americann Inc.
[{"type":"text","content":"DENVER, CO / ACCESSWIRE / March 12, 2019 / AmeriCann, Inc. (OTCQB: ACAN), a cannabis company that is developing state-of-the-art cultivation, processing and product manufacturing facilities, announced today that Tim Keogh, CEO, is a featured speaker at the Canna East Compliance Summit in New York City. The Canna East Compliance Summit is being held on March 12-13, 2019, at the Crowne Plaza Times Square Manhattan Hotel, 1605 Broadway at 49th Street.Mr. Keogh will be speaking about expanding markets, licensing structures and quality/safety concerns at 4:00pm on Tuesday, March 12.AmeriCann is developing the Massachusetts Cannabis Center (MCC), a state-of-the-art cannabis cultivation and processing development in the midst of the rapidly growing Massachusetts cannabis market. The MCC project is approved for 1 million square feet, which will be developed in phases and is expected to be one of the most technologically advanced facilities in the nation.The first phase of construction at MCC is underway with Building 1, a 30,000 square foot cultivation and processing facility, that will be complete this summer. For a recent video of construction progress at MCC follow this LINK.As the first approved adult-use cannabis market on the Eastern U.S., Massachusetts has the potential to become the epicenter for cannabis innovation and research. Since November 20th 2018, Massachusetts recreational dispensaries have sold more than $41 million worth of cannabis products, including almost $5 million in the most recent week. Annual recreational retail sales are expected to total $1.3 billion - $1.6 billion, according to Marijuana Business Daily.About AmeriCannAmeriCann (OTCQB: ACAN) is a cannabis company that is developing cultivation, processing and product manufacturing facilities.AmeriCann uses greenhouse technology which is superior to the current industry standard of growing cannabis in warehouse facilities under artificial lights. According to industry experts, by capturing natural sunlight, greenhouses use 25 percent fewer light bulbs, and utility bills are up to 75 percent less than in typical warehouse cultivation facilities. As such, AmeriCann's Cannopy System enables cannabis to be produced with a greatly reduced carbon footprint, making the final product less expensive. Additionally, greenhouse construction costs are nearly half of ware...