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Home 🌿 Medical Cannabis News 🌿 AmeriCann to Develop Medical Cannabis Production Center with Approved Illinois Licensee 🌿

AmeriCann to Develop Medical Cannabis Production Center with Approved Illinois Licensee

Submitted by Marijuana News on Wed, 03/11/2015 - 21:16

AmeriCann, Inc. (OTCQX Markets: ACAN), a company that designs, develops and owns advanced medical cannabis facilities, announced that it has expanded the scope of its partnership in Illinois. The Company’s partner, Wellness Group Pharms (WGP), recently received one of the eighteen highly coveted medical cannabis cultivation and processing licenses from the State of Illinois.

The amended agreement calls for AmeriCann to serve as the developer of a new facility to be called the Illinois Medical Cannabis Center (“IMCC”). WGP plans to utilize the IMCC facilities to cultivate, process and distribute medical cannabis to many of the state’s 52 newly licensed medical dispensaries.

When fully constructed, the IMCC will contain approximately 285,000 square feet capable of producing an estimated 50,000 pounds annually of medical cannabis. The facility will be located in Anna, Illinois and is expected to provide over 175 full and part time jobs to Southern Illinois.

AmeriCann will serve...

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URL: 
http://www.otcmarkets.com/stock/ACAN/news/AmeriCann-to-Develop-Medical-Cannabis-Production-Center-with-Approved-Illinois-Licensee

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