|By Marketwired .||
|February 20, 2014 01:50 PM EST||
COLORADO SPRINGS, CO -- (Marketwired) -- 02/20/14 -- Advanced Cannabis Solutions (ACS) (OTCQB: CANN) announced today that it has signed an agreement to provide comprehensive consulting services to a significant investor group in Canada. This group is involved in the start-up and operation of a large cannabis production operation serving the Canadian medical marijuana marketplace. The contract has a minimum duration of six months and a potential value in the low six figures.
ACS President and CEO Robert Frichtel stated, "We are pleased to offer consulting services to a client with such a strong management team and we look forward to helping them as they capitalize on the rapidly expanding Canadian cannabis market. We anticipate that this consulting agreement could lead to further opportunities for ACS, including potential real estate acquisitions in Canada.
The national legalization of medical marijuana by the Canadian government has created a substantial business opportunity for cannabis production and sale. Canada is currently implementing a new licensing regime which is expected to lead to rapid growth in the industry in the near future.
ACS is in the final stages of executing agreements with several additional consulting clients. These contracts cover a wide variety of services, including assistance with start-up structure, grow operations, and compliance issues.
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 services in both real estate leasing and cannabis business consulting. ACS plans to work exclusively with licensed and regulated clients.
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