Americann Inc (PK) (ACAN) Quote

has done pretty well not diluting compared to some MJ stocks... free cash flow positive

Is anyone swing trading this garbage stock? It goes from .17 to .23 almost everyday

It is worth a goose egg equity wise. The note holder's will own for pennies on the dollar that equity fools handed over.

No new preferred partners, no signs of expansion, and no communication from the company. There was never any intention of creating shareholder value or expanding. It was all about a couple buddies getting together to rip investors off so they can get their little dispensary in nowhere Massachusetts and pay themselves handsomely.

When will this company replace Keough with a competent CEO that can execute the expansion plans Keough sold to investors? This fraud needs to be looked into. Seems like he sold lines of BS to get his buddy a dispensary and grow license . I don’t think there was ever a real plan to expand.

Any signs of life here? When the other 970,000sf coming… frauds.

Matters not at this point, stick a fork in em equity wise.

I believe Mr. Leighton of Azure Capital who was heavily invested in many Massachusetts dispensaries including the BASK project is the reason behind the ACAN slump. I mean his firm was fined heavily by the SEC last year for securities fraud & stock manipulation and he has ties to ACAN/Tim Keogh via BASK. Seems like a dirty love triangle to me. It also makes me wonder how a company like Americann with almost no revenue back in 2018 peaked to almost 5 dollars per share...Very suspect indeed!

https://www.sec.gov/litigation/litreleases/2020/lr24791.htm

Yeah, they are going expand right into receivership, lol.

It’s hilarious when I see Acan post on Twitter about new states that are going to legalize… as if they will capitalize in any way. They can’t even expand to a second dispensary, never mind another state. Just two buddies who pulled off a bunch of lies to get one dispensary in their home area.

Valueless company IMHO, equity stripper model. Of course the assets will change hands at pennies on the dollar to the ultimate owners, in all likelihood related to the asshats running this place. But, the question is, are they the asshats or are equity investors?

It certainly doesn’t look like anyone is putting more equity in this. I remember hearing the stories of this massive project they were going to complete… it looks like it was just a bunch of lies. I think there’s more than just funding holding them back. I don’t believe they did their homework and can’t really build what they thought they could. Some real estate guy…

This place is run for insiders and the ultimate end game is valueless shares and a new owner that takes it over as a large debt holder on the cheap. Anyone that provides any more equity may as well burn it in the fireplace IMHO.

Can’t even get another dispensary, never mind a million sf of grow… frauds.

Another quarter of nothing but building larger losses. 1 million square feet is never happening. Keough was full of dung the entire time, that little puke.

ACAN is an option on stupidity only. You might find a sucker to sell to for a few cents more, and might not. It is not investable. IMHO

Company is a joke, borrows to stay in business from others and/or Bask, who always seems to owe rent. Stay away, the are just looking for suckers at this point.

ACAN $1.14 Nice Level to add a Few imo

https://www.barchart.com/stocks/quotes/ACAN/technical-chart?plot=CANDLE&volume=total&data=DO&density=X&pricesOn=1&asPctChange=0&logscale=1&indicators=BBANDS(20,2);SMA(13);PTP(50);SRSI(14,14);WILLR(14,40);ADX(14);ACCUM;MACD(12,26,9);RSI(14,100);SMA(50)&sym=ACAN&grid=1&height=500&studyheight=100

glta

Another quarter goes by and they’re still talking about Building 2 like it’s actually ever going to happen. Not a chance in hell that happens. Tim and team are a joke.

Shoulda dumped em on the pump, this thing is a dog with fleas that owns virtually nothing for assets. The model is dead. All you have now is dilution to keep the carnival show going. IMHO

I don’t know why I bother following this company.... I should just take the ticker off my screen, put my few shares under my mattress and see if they’re worth anything in 10 years...

It is valueless, I told you that for a couple years now. Shareholders are just financiers of the related party circle jerk going on.

What advantages are there to moving from Delaware to Colorado? They were from Colorado a few years ago. If they keep switching addresses just to save a few tax dollars, they’re in worse shape than i thought. Just more running in place, getting nowhere. Finally opening up for recreational with their only Preferred Partner was their big news for the last couple years. No new partners, no new dispensaries, no new production facilities and nothing but crickets and forward looking statements from management.

Loaded up here this AM! PSAR flip and bullish macd cross, this is going 2$+ quick!

Why don’t news come to TD users? I mean, who’s looking at the company website daily?

Anyone that has been interested in Americann (ACAN) stock might want to read the attached press release from the company on 1/19/21.

ACAN management invested many years and millions in capital betting on their giant Massachusetts Cannabis Center(MCC) and the bet is about to pay off very significantly for the company shareholders, IMO. $ACAN

https://americann.co/news/americann-expands-joint-venture-partnership-with-bask-inc-at-massachusetts-cannabis-center/

Nice chart here...

By the time they strip the stock of any remaining mkt value or do anything of consequence, we'll be importing weed from Mexico legally. It sure is not going to be grown on scale in the northern climates in a few short years. Big guys just waiting for federal legislation.

I think they’ll need to reach out to new blood. Most who are familiar with this company, are on to the shell game these guys are playing. Mr Keogh seems more content with trying to open a new little dispensary in Taunton. This 400K sf won’t break ground for years, if ever.

No kiddin but it sounds good to lemmings. Prolly pissed thru near 20M as of today and also have nothing but debt on the books and the only asset is really the right to use the land. LOL! But hey, they are ready to sell more securities to keep building.

500k won’t even get them a foundation for a building that size...

WELL, they upped a loan 500k to build it! LOLOLOL!

I’ll be a buyer at the first sign of construction of the next 400k sf. I’m sure I’ll have plenty of time to raise money to throw at this since it won’t be soon

AmeriCann (ACAN OTCQB) is a small under the radar juggernaut that continues toward their long term winning strategy of building a legacy asset at their Massachusetts Cannabis Center
(MCC) south of Boston in the fast growing Massachusetts cannabis market.

They are reporting increasingly impressive results
(see press release below)
from their first phase greenhouse/ production laboratory and are
preparing to add 400,000 SF of addition cultivation/ processing in the next phase in 2021. This is 12x larger then their first phase and the size of ten football fields.

And now that they have applied for and been issued cultivation and processing licenses they will not only own but will operate the giant new phase.

And the Massachusetts market is
probably the most exciting in the US.
They can easily replicate what they've learned in Massachusetts in NJ, NY and Pennsylvania as they all implement adult use cannabis in 2021.

This is an undiscovered gem with a small share count and absurdly low
$25 million market valuation. This stock has significant upside potential and is about to get the market attention it deserves, IMO.

https://americann.co/news/americann-announces-record-revenue-for-2020/

More massive losses, lucky they got that settlement award. MORE stock for services issued, and another 500k borrowed to"build building 2?" LOL, that will last about a week. Valueless.

No quarterly reports anymore... That’s not a good sign in my opinion. I guess there’s nothing to report. No growth, no record earnings... nothing.

Two licenses are worthless without financing for a build that size. It took how many years of pumping did it take to build 30,000 SF? 2-3 years? It could take a decade to get this done.

AmeriCann (ACAN OTC QB ) filed an 8-K on Friday and a press release today
(11/23) announcing they have been issued two important licenses from the Massachusetts licensing board that will allow them to cultivate and process cannabis. This is a very big deal.
They announced plans to build a 400,000 second phase at their MCC project (12 x the size of their current 30,000 greenhouse) to deploy these licenses. MCC is located 40 miles from Boston in the middle of what is regarded as the most dynamic legal cannabis market in the US.
ACAN plans to use these licenses to become a large scale producer of a wide array of cannabis products for the fast growing Massachusetts market.
This will make them IMO a major player in the booming eastern US cannabis market and likely a prime acquisition candidate for a larger MSO that wants to expand.
The ACAN stock is continuing to attract increased interest and move higher as more investors discover this overlooked gem. It still only trades at a $30 million market valuation a fraction of many other companies with far less value.

https://americann.co/news/americann-secures-two-new-cannabis-licenses/

Acan has a tiny greenhouse, not 50 acres worth, little to no money but for your continued dough and is in bed with its CEO, who runs the dispensary? LOL! Money losing pit.

Everyone is asking why AmeriCann (ACAN) stock is suddenly trading higher on dramatically increased volume after being under the radar for years.

I’ve watch this little company for six years and it’s taken some time but it turns out they have done a lot of really smart things.

https://americann.co/

Maybe it’s going higher because investors are looking at US cannabis stocks again and are recognizing this company has the potential to be worth many times more than the current $.80 per share price.

ACAN management had the foresight to take the time and money required to design and prepare to build the Massachusetts Cannabis Center (MCC)- a giant fifty acre high tech greenhouse development 40 miles from Boston in what has become the hottest cannabis market in the nation.

MCC will be a legacy project that
will create a lot of cash flow and value for ACAN shareholders for many years .

The first phase at MCC is already producing large quantities of high quality sun grown cannabis and the development will soon be expanded to meet the insatiable demand in Massachusetts. (Anyone in the Freetown area stop by and see this facility- it’s really impressive.)

And ACAN is becoming an integrated operator and has applied
for both cultivation and processing licenses in future phases.

MCC may eventually be the largest and most advanced cannabis production facility on the east coast when built out growing and processing a significant amount of the cannabis for the emerging $2 billion Massachusetts cannabis market.

And to start, process and build another project of this scale would take years if it could ever get approved.

And just when the Democrats are taking control and the US government is going to legalize cannabis. Perfect timing, IMO.

ACAN is a really good pure play on cannabis legalization and if the stock
continues to be discovered by more investors it could be a real good rest of the year and 2021 for ACAN shareholders, IMO.

With 43% of the stock being owned by insiders, it appears to be pure manipulation. It’s not like they’ve done anything to warrant this move.

Nothing, its an EKG on a patient ready to pass, nothing more.

What the hell is going on with this today?!?

That shady trading we saw yesterday is the reason nobody trusts this CEO. Put out some lame PR that’s questionable at best, just to let insiders dump their shares at better prices... hopefully nobody was fooled by that nonsense.

Textbook Pump and Dump!

Doesnt look like theres too much action on here and rightfully so lol but anyone have any idea why the spike today ..?

And just like that. The manipulation begins. Nobody in their right mind is paying up double what the price was yesterday, for now reason. Trying to capture some suckers again.

It’s funny how this company had had nothing new to report for a very long time. The silence is deafening... so much for that 1 million SF under development... liars

He’s a shm—-ck. Keogh he thinks he’s slick.

There was a plan. To sell stock, make dough, and hold the assets away from the shareholders. Mission accomplished!