|By Marketwired .||
|January 3, 2014 10:10 AM EST||
COLORADO SPRINGS, CO -- (Marketwired) -- 01/03/14 -- Advanced Cannabis Solutions (ACS) (OTCQB: CANN) announced today that it has executed a definitive agreement to acquire property in Pueblo County that is the primary growing location for a premier Southern Colorado dispensary. The property, consisting of roughly 3 acres and a warehouse building, meets all zoning and licensing requirements for the ongoing production of legal cannabis. ACS President and CEO Robert Frichtel stated, "We are very pleased to be acquiring a property in the growing Pueblo market through this acquisition. We believe that the Pueblo County's political environment and economic dynamics are perfectly aligned to make this purchase a great success."
With this purchase agreement ACS has begun the rollout of its core business strategy to assist the rapidly expanding legal cannabis business. ACS CFO Christopher Taylor stated, "The surge in recreational marijuana sales that has occurred in Colorado since January 1 is already causing significant price increases. This is directly related to the perceived shortage of capacity able to feed the supply chain. There is a very real need for additional grow space and ACS is there to help meet this need."
About Advanced Cannabis Solutions
ACS provides a comprehensive set of solutions to the regulated cannabis industry. The Company does not grow, harvest, distribute or sell cannabis or any substances that violate United States law or the Controlled Substances Act, nor does it intend to do so in the future.
The Company leverages its management team's extensive experience in serving the cannabis industry by providing the following three distinct areas of products and services: real estate, consulting, and ancillary products. ACS plans to work exclusively with licensed and regulated clients.