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EXHIBIT 99.1
AmeriCann, Inc. Commences Trading on the OTCQX Marketplace
DENVER, October 14, 2014 /PRNewswire/ -- AmeriCann, Inc. (OTCQX: ACAN), a
company that develops cannabis cultivation facilities and provides capital for
medical marijuana entrepreneurs, announced that it has been approved for and
commenced trading on the OTCQX marketplace, effective October 8, 2014.
The OTCQX marketplace is for established, growth and global companies
operated by OTC Markets Group. To qualify for OTCQX, companies must meet high
financial standards, demonstrate compliance with U.S. securities laws, be
current in their disclosure, and be sponsored by a professional third-party
advisor. Designed for investor-focused companies, OTCQX ensures that investors
and brokers have the quality of information that's necessary to intelligently
analyze, value, and trade their securities.
"We are pleased to welcome AmeriCann to the OTCQX marketplace," said R. Cromwell
Coulson, President and CEO of OTC Markets Group. "AmeriCann joins the growing
number of established U.S. companies that have chosen OTCQX to provide their
shareholders transparent trading and convenient access to their news and
financial disclosure."
"Joining OTCQX demonstrates our commitment to providing our shareholders and
investors access to a superior trading platform, " AmeriCann CEO Tim Keogh
stated. "At AmeriCann we plan to be a leader in a new, developing industry. The
high standard for marketplace integrity and transparency that the OTCQX
marketplace provides investors is particularly important to us."
Mr. Keogh added, "One of our goals is for AmeriCann to emerge as an investment
vehicle by which a wide variety of investors can participate in and potentially
benefit from the rapid growth of the cannabis industry. Joining the OTCQX
marketplace provides greater visibility for AmeriCann and should help us achieve
this objective."
The Company's common stock will continue to trade under the symbol "ACAN."
About AmeriCann
AmeriCann Inc. (OTCQX: ACAN), with corporate offices in Denver and Boston, is a
publicly traded company that delivers an essential set of services to the
rapidly developing regulated cannabis industry. Utilizing the extensive
experience of its accomplished management team, AmeriCann provides real estate
development, research, consulting and capital to the medical marijuana industry.
The size of the marijuana industry is estimated to be $1.2 billion and is
projected to reach $10.2 billion in five years.
AmeriCann has deployed over $3,000,000 in capital in Colorado, and plans to
expand throughout the country aggressively as new states approve and regulate
medical marijuana. More information about the Company is available at
ACANinfo.com.
Forward-Looking Statements
This press release contains "forward-looking statements" that include
information relating to future events and future financial and operating
performance. The words "may," "would," "will," "expect," "estimate," "can,"
"believe," "potential" and similar expressions and variations thereof are
intended to identify forward-looking statements. Forward-looking statements
should not be read as a guarantee of future performance or results, and will not
necessarily be accurate indications of the times at, or by, which that
performance or those results will be achieved.
Media Contact: AmeriCann, Inc., 303-862-9000 or media@ACANinfo.com
SOURCE AmeriCann, Inc.
Website: http://www.ACANinfo.co