|By PR Newswire||
|March 17, 2014 07:00 AM EDT||
NEW YORK, March 17, 2014 /PRNewswire/ -- Advanced Cannabis Solutions (ACS) (OTCQB: CANN) is a provider of services to the regulated cannabis industry throughout the United States and leases growing space and related facilities (commercial real estate and equipment) to licensed marijuana business operators for their production needs.
Marijuana usage is on the verge of becoming main-stream with the US Public and has the strong potential to become a big business. The market is expected to grow over 64% to $2.4 Billion in 2014 and investors are diving in. One area of focus gaining attention is real estate and growing.
Marijuana legalization for recreational use in Colorado and Washington as well as medical marijuana laws in other states have created increased demand for marijuana growing space. A new startup, Advanced Cannabis Solutions has been formed to help meet this demand for specialized real estate. ACS plans to buy property, initially in Colorado, and lease it to marijuana growers and dispensaries.
Forming at the perfect moment to capture the legal and regulatory zeitgeist, CANN has rode the marijuana stock boom to a valuation of over $500million before showing any revenue or holding any assets.
This is similar to 99' era of extreme internet stock over- valuation. A brand new company with barely any revenue, no assets, but happens to be in a hot sector trading for a valuation that belies any rational underpinning. Marijuana real estate is the new Internet. Avoid Advanced Cannabis Solutions at these valuations. Click here to see our full report on CANN including valuation analysis:
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