Business News • MarketWire • Advanced Cannabis Solutions Announces Property Purchase |
Advanced Cannabis Solutions Announces Property Purchase |
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Advanced Cannabis Solutions Announces Property Purchase
COLORADO SPRINGS, CO--(Marketwired - Jan 6, 2014) - Advanced Cannabis Solutions (ACS) (OTCQB: CANN) announced today that it closed on the purchase of a commercial grow facility in Pueblo County on December 31, 2013. The purchase represents the Company's first asset acquisition and consists of a 5,000 square foot functioning grow facility on 3 acres of land. The tenant is aggressively expanding their operation and will utilize the excess land to develop up to an additional 40,000 square feet of light deprivation greenhouse grow space. These improvements are part of the Company's development plan for the property and the Company intends to build them out in stages in the near future.
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