UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): June 23, 2014
AMERICANN, INC.
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(Exact name of registrant as specified in its charter)
Delaware 000-54231 27-4336843
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(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification No.)
3200 Brighton Blvd. Unit 114
Denver, CO 80216
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(Address of principal executive offices, including Zip Code)
Registrant's telephone number, including area code: (303) 862-9000
(Former name or former address if changed since last report)
Check appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below)
[] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-14(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry Into a Material Definitive Agreement
The Company has entered into a Financing and Consulting Agreement with
Nature's Own Wellness Centers, a licensed Colorado cannabis dispensary owner and
grower. The proceeds of the $1,000,000 secured loan from AmeriCann will be used
by Nature's Own to convert an existing 15,000 square foot warehouse into a new
cannabis growing and processing facility.
The loan has a 30-month term, bears interest at 18% annually, and includes
monthly payments to the Company. Nature's Own will also pay the Company $300,000
in consulting fees for its cannabis operations over the 30-month period.
Over the term of the 30-month loan, the agreement calls for the Company to
receive average monthly payments of principal, interest and consulting fees in
excess of $56,000.
The first $200,000 was advanced to Nature's Own on June 23, 2014 and a
second $200,000 payment was funded on July 9, 2014. Additional amounts are to be
funded as construction progresses.
If the total loan commitment is funded and Nature's Own makes all required
payments, the Company would receive in excess of $1.6 million in principal and
interest payments and consulting fees.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: July 17, 2014
AMERICANN, INC.
By: /s/ Timothy Keogh
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Timothy Keogh, Chief Executive Office
