Advanced Cannabis Solutions, Inc. or ACS is a development stage company that provides the cannabis industry across the U.S. with an extensive range of services and solutions pertaining to real estate. It leases adequate growing space, and other related facilities and equipment to licensed business operators. This fully reporting public company, founded in 2013, trades in the OTC market under the symbol CANN.
ACS is based in Colorado Springs, Colorado, where medical marijuana became legal in 2000 and was fully regulated in 2010. The legalization of medical marijuana in more than 20 states across the country, as well as the legalization of recreational marijuana in Washington and Colorado, shows the potentially widespread usage of marijuana throughout the country.
According to the ACS President and CEO Robert Frichtel, the company’s business model is qualified to provide solutions to several of the difficulties faced by marijuana growers and retailers in terms of finding ample commercial real estate and funding for their expansion.
As more companies take advantage of the business opportunities available and are in search of growing space, ACS commits to meet this need by purchasing property and leasing them to marijuana growers and dispensary owners for their production needs.
Advanced Cannabis Solutions, Inc. also seeks to provide the cannabis industry with ancillary products and services, including commissioned plant nutrient lines, advanced logistical support, and regulatory compliance consulting to budding entrepreneurs.
It is important to note that ACS does not violate the Controlled Substance Act of the United States by growing, harvesting, selling or distributing marijuana or other substances, as it provides solutions exclusively to licensed business operators part of the regulated cannabis industry.
In December 2013, ACS closed the purchase of a 5,000-square foot growing facility in Pueblo County across three acres of land. This commercial marijuana grow facility was the company’s first asset acquisition.
The company aims to serve the cannabis industry by utilizing its experienced management team and providing services in the form of real estate, ancillary products, and consulting. ACS recognizes that the industry’s momentum is currently strong nationwide, and believes that this momentum will continue as more and more individuals learn to appreciate the benefits of medical marijuana.
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