Denver-based AmeriCann announced that it has secured $10 million in equity financing to help finalize the build-out of a massive Massachusetts medical cannabis cultivation operation.
The financing, from Mountain States Capital, will be mostly used on the company’s “flagship project,” a 1 million-square-foot multi-building MMJ cultivation and processing center in Freetown, 47 miles south of Boston, according to a news release.
The first phase of the project includes a 30,000-square-foot greenhouse, a laboratory and research center, according to the release. Coastal Compassion, a licensed MMJ producer in Massachusetts, will lease all the space completed under the first
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AmeriCann gets $10M raise for Massachusetts MMJ project is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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