AmeriCann Launches $5,000,000 Secured Convertible Note Offering


Medical Cannabis Property Developer Initiates Private Placement for Massachusetts Development

DENVER, CO / ACCESSWIRE / July 29, 2016 / AmeriCann, Inc. (OTCQX: ACAN), a company that designs and plans to develop and lease sustainable, state-of-the-art medical cannabis cultivation properties, has engaged a Colorado-based investment banking firm to commence a $5 million secured convertible note offering.

The company plans to use the proceeds from the offering to purchase land and to prepare for construction of its…

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