AmeriCann Invests $6.7M in Massachusetts MJ Facilities
AmeriCann, a Denver medical marijuana company, is investing nearly $7 million in a dispensary and a grow facility in two southern coastal Massachusetts towns, according to the Taunton Gazette.
The cultivation technology and real estate company is under contract to purchase a nearly 1 million-square-foot site for a medical marijuana grow and processing facility in the town of Freetown for $4.15 million; the deal is scheduled to close May 16. Publicly traded AmeriCann plans to lease the greenhouse – called the Massachusetts Medical Marijuana Center – to cultivators.
The company also is lending $2.5 million to Coastal Compassion, which
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