Research to Commence Immediately with Highly Regarded Team of PhDs, Scientists and Professionals
DENVER, CO / ACCESSWIRE / June 20, 2018 / AmeriCann, Inc. (OTCQB: ACAN), an Agricultural-Technology company that is developing the next generation of eco-friendly state-of-the-art greenhouse cannabis cultivation and processing properties, announced today that it is formally partnering with Cannabis Community Care and Research Network (C3RN), a Massachusetts-based public benefit corporation focused on cannabis research and technology. C3RN is collaborating with leading academic institutions, data scientists, the cannabis industry, and healthcare providers to conduct rigorous cannabis research studies and to implement evidence-based findings into practice.
AmeriCann, through its Preferred Partner BASK, Inc. ("BASK"), will design and conduct research studies with C3RN and its academic and healthcare partners to better understand the therapeutic benefits of cannabis and improve product offerings including AmeriCann's Solanna line of products.
"We are excited to announce a formal partnership with AmeriCann to conduct research and programs to improve the quality of life for medical cannabis patients. AmeriCann's commitment to exploring innovative research approaches using digital health tools and advanced data analytics is a model for other cannabis businesses to follow," stated, Dr. Marion McNabb, CEO of C3RN. She went on to say, "We hope other industry partners will also embrace incorporating the latest technologies, best practices, standards, and collaborative research approaches to continue to explore the benefits of medical and adult use cannabis."
AmeriCann is developing the Massachusetts Medical Cannabis Center (MMCC), a state-of-the-art cannabis cultivation and processing development in the midst of the rapidly growing Massachusetts medical cannabis market. The MMCC 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 cultivation facilities in the nation.
C3RN was formed in January 2017 to establish a Virtual Cannabis Center of Excellence (CoE). The virtual CoE is a global collaborative network of academics, cannabis industry, healthcare providers, and consumers/patients to advance cannabis science, research, and best practices. The overall goal of C3RN's work is to break down silos and advance open science, connect stakeholders to share best practices and research findings to move the field forward. C3RN is committed to uphold the scientific and ethical integrity of all studies conducted, data, and best practices housed within the virtual CoE.
"We have been impressed with the team, experience and professionalism of C3RN," said Tim Keogh, President of AmeriCann. "We are proud to partner with C3RN to further cannabis innovation and discovery while improving the quality of this newly regulated industry."
In 2016, AmeriCann formed an alliance with BASK, Inc. (formerly known as Coastal Compassion, Inc.) as a Preferred Partner in Massachusetts. BASK is scheduled to be the first business to operate in AmeriCann's Massachusetts Medical Cannabis Center. This alliance makes AmeriCann one of the only publicly traded companies that have an operating partnership with an open dispensary in the Massachusetts market.
On July 1st, 2018, Massachusetts is expected to add adult-use cannabis, allowing any adult over 21 years old to purchase cannabis, in addition to the existing medical cannabis market. Industry experts believe it will become the epicenter for cannabis innovation and research for the entire northeast US with annual sales of over $1 billion by 2020.
AmeriCann (OTCQB: ACAN) is a publicly traded Agricultural Technology (Ag-Tech) company that is developing a new generation of sustainable, state-of-the-art medical cannabis cultivation and processing properties.
AmeriCann, Inc. is a Certified B Corp, an acknowledgment of the Company's commitment to social and environmental ethics, transparency and accountability. AmeriCann became the first public cannabis company to earn this respected accreditation. More information about the Company is available at: www.americann.co, or follow AmeriCann on Twitter @ACANinfo.
About Cannabis Community Care and Research Network (C3RN)
Cannabis Community Care and Research Network (C3RN) is an public benefit corporation (B Corp) based out of Somerville, MA that specializes in providing high-quality research and analytic services related to the impacts of medical and adult-use recreational cannabis. As a social justice-oriented research and analytics company, C3RN specializes in designing, monitoring, and evaluating models of integrating adult-use and medical cannabis to positively impact social, clinical, and public health outcomes. C3RN has over 80 years of collective experience in cannabis, healthcare, life sciences, chemistry, public health, data science, and academic research. C3RN provides cannabis and health research and data analytic services, and consulting around cultivation, extraction, life sciences, technology, and medical cannabis patient care. C3RN runs a monthly Cannabis Science, Education, and Networking series in Massachusetts to showcase the latest cannabis innovations, evidence, and best practices. For more information about C3RN's research, events, and services, please visit: www.cannaresearchnetwork.com. Contact Dr. Marion McNabb, CEO of C3RN at email@example.com.
About Massachusetts Medical Cannabis Center (MMCC)
AmeriCann's flagship project, The Massachusetts Medical Cannabis Center, is approved for nearly 1,000,000 square feet of medical cannabis cultivation and processing in Freetown, Massachusetts. The state-of-the-art, sustainable, greenhouse project will consist of multiple planned phases for tenants in the Massachusetts medical marijuana market. Voters in Massachusetts approved legalizing the adult use of recreational marijuana in November of 2016. The state is on track to open the first cannabis storefronts for Adult-Use by July 1, 2018, making Massachusetts the first state in the Northeast to legalize adult-use cannabis.
AmeriCann's Cannopy System uniquely combines expertise from traditional horticulture, lean manufacturing, regulatory compliance and cannabis cultivation to create superior facilities and procedures. The Company is planning to replicate the Cannopy platform in additional states.
The first phase of the MMCC project consists of 30,000 sq. ft. of cultivation, processing and research facilities.
About Bask, Inc.
Bask, Inc. ("BASK" or "BASK Premium Cannabis") is one of a limited number of vertically integrated medical marijuana companies that is operating in the Massachusetts market. BASK Premium Cannabis has received all necessary approvals to grow, process and dispense medical marijuana to registered patients in the Massachusetts Medical-Use of Marijuana Program. In addition, BASK has received Priority Certification by the Cannabis Control Commission which allows for expedited application processing for Adult-Use Cannabis which is scheduled to start July 1, 2018. BASK is scheduled to be the first business to operate in AmeriCann's Massachusetts Medical Cannabis Center. For more information on BASK, visit www.cometobask.com or its social media links below:
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This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). Statements preceded by, followed by or that otherwise include the words "believe," "anticipate," "estimate," "expect," "intend," "plan," "project," "prospects," "outlook," and similar words or expressions, or future or conditional verbs such as "will," "should," "would," "may," and "could" are generally forward-looking in nature and not historical facts. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements to be materially different from any anticipated results, performance or achievements. The Company disclaims any intention to, and undertakes no obligation to, revise any forward-looking statements, whether as a result of new information, a future event, or otherwise. For additional uncertainties that could impact the Company's forward-looking statements, please see the Company's Registration Statement on Form S-1, which the Company recently filed with the SEC and which may be viewed at www.sec.gov.
SOURCE: AmeriCann, Inc.