|By Marketwired .||
|January 10, 2014 01:52 PM EST||
COLORADO SPRINGS, CO -- (Marketwired) -- 01/10/14 -- Advanced Cannabis Solutions (ACS) (OTCQB: CANN) announced today that it has signed a long-term lease for its recently purchased Pueblo County grow property with a premier Pueblo grower. This 8 year lease of a 5,000 square foot 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.
ACS President and CEO Robert Frichtel stated, "This acquisition is very important to the ACS, not only because it represents our initial entry into the Colorado legal marijuana real estate space, but also because it has the potential to become the largest grow center in the Pueblo area. Pueblo County's marijuana industry is in a unique position to grow dramatically, as there are a limited number of properly zoned and approved grow facilities, and the demand from the southern Colorado area is expected to increase significantly."
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.
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