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May 03, 2015 12:32 PM ET

Real Estate Management and Development

Company Overview of Advanced Cannabis Solutions, Inc.

Company Overview

Advanced Cannabis Solutions, Inc., a development stage company, focuses on providing real estate leasing services to the regulated cannabis industry in the United States. It plans to purchase real estate assets; and lease growing space and related facilities to licensed marijuana growers and dispensary owners for their operations. The company was founded in 2013 and is headquartered in Denver, Colorado.

6565 East Evans Avenue

Denver, CO 80224

United States

Founded in 2013

60 Employees

Phone:

719-590-1414

Fax:

719-590-4888

Key Executives for Advanced Cannabis Solutions, Inc.

Chief Executive Officer, President and Director
Age: 50
Total Annual Compensation: $108.0K
Executive Chairman of the Board of Directors
Age: 43
Chief Financial Officer and Vice President of Finance
Total Annual Compensation: $25.5K
Vice President of Business Development
Age: 60
Total Annual Compensation: $108.0K
Compensation as of Fiscal Year 2014.

Advanced Cannabis Solutions, Inc. Key Developments

Advanced Cannabis Solutions, Inc. Amends and Restates the Terms of Note

On April 30, 2015, Advanced Cannabis Solutions, Inc. and the Investor amended and restated the terms of the Note such that the principal amount of the Note was increased to $300,000. In addition, the terms of the Note were amended and restated such that the company will not be required to repay the entire outstanding principal of the Note in the event of a subsequent financing, unless such financing is in amount greater than $750,000. As of April 30, 2015, $289,000 has been advanced to the company pursuant to the Note.

Advanced Cannabis Solutions, Inc. announced delayed annual 10-K filing

On 03/31/2015, Advanced Cannabis Solutions, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.

Advanced Cannabis Solutions Seeks Acquisitions

Advanced Cannabis Solutions, Inc. (OTCPK:CANN) is looking for acquisition opportunities. Michael Feinsod, Chairman of Advanced Cannabis said, "We plan to pursue other synergistic acquisitions and expansions into businesses that service the cannabis industry."

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15,000 Square Foot Commercial Real Estate Facility in Denver, Colorado
 

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