Recognized for Highest Standards of Social and Environmental Performance; Developer Becomes the First Cannabis Company to Earn Respected Accreditation
DENVER, June 23, 2016 /Weed Wire/ — AmeriCann, Inc. (OTCQX: ACAN), a company that designs, develops and leases sustainable, state-of-the-art medical cannabis cultivation properties, has earned certification as a B Corporation, an acknowledgment of the Company’s commitment to social and environmental ethics, transparency and accountability.
AmeriCann joins over 1,700 Certified B Corporations globally — including 71 others in Colorado — that have met the rigorous standards that measure a company’s impact on its employees, suppliers, community, and the environment. Notable B Corps include Ben & Jerry’s, Patagonia, Warby Parker, and Etsy, Inc. (ETSY).
“AmeriCann is proud to have earned B Corp certification, which is a formal recognition of the values that are essential to our company,” said AmeriCann President Tim Keogh. “Our decision to seek independent certification raises the bar for the cannabis industry. We have always sought to set new standards for our industry and becoming the first cannabis company to receive this important certification validates these efforts.”
The B Corp certification was granted by B Lab, a nonprofit organization that serves a global movement of people using business as a force for good. Its vision is that one day all companies will compete to be best for the world and that society will enjoy a more shared and durable prosperity.
B Lab promotes robust standards that can be used by policymakers, investors and the general public to evaluate companies and their business practices.
AmeriCann designs, develops and leases sustainable medical cannabis cultivation properties exclusively to local partners in regulated markets. The company does not cultivate, process, distribute or sell cannabis. This business model provides AmeriCann great flexibility to pursue national and global opportunities.
AmeriCann’s sustainable greenhouse designs are more energy efficient than traditional indoor warehouse facilities that rely exclusively on artificial lighting. This can lower utility bills by up to 75%. Also, harnessing natural sunlight is the best energy source for plants.
AmeriCann’s facilities are designed with AmeriCann’s propriety cultivation and processing system called “Cannopy®.” The Cannopy system incorporates best practices, processes and procedures designed by AmeriCann’s team of experts in traditional horticulture, lean manufacturing, medical research, facility construction, regulatory compliance, security, marijuana cultivation, plant science and genetics, extraction techniques and infused product development.
Utilizing advanced greenhouse technology for cultivation and the Cannopy system, AmeriCann’s Preferred Partners have the ability to produce superior sun grown medicine with far less energy and a reduced environmental impact.
“We have the opportunity to make a significant impact on the fastest growing industry in the country,” stated AmeriCann founder and CFO Ben Barton. “B Lab’s motto of ‘B the Change’ aligns perfectly with our philosophy. Medical cannabis is in its formative stages and few companies anywhere have the potential to have such a positive influence.”
AmeriCann’s goal is to develop and own a significant portion of the estimated $27 billion in real estate that the cannabis industry will require nationwide. Previously, the Company announced plans to become a Real Estate Investment Trust “REIT.”
As of June 2016, 25 states and Washington D.C. have legalized medical marijuana, 4 states have legalized cannabis for adults over 21 years of age, and in November there are 10 possible ballot measures for new legalization measures.
About B Corp
Certified B Corporations meet rigorous standards of social and environmental performance, legally expand their corporate responsibilities to include consideration of stakeholder interests, and build collective voice through the power of the unifying B Corporation brand.
About B Lab
B Lab is a nonprofit organization that serves a global movement of people using business as a force for good. Its vision is that one day all companies will compete to be best for the world and that society will enjoy a more shared and durable prosperity. B Lab drives this systemic change by: (1) building a global community of Certified B Corporations; (2) promoting Mission Alignment using innovative corporate structures like the benefit corporation to align the interests of business with those of society; (3) helping tens of thousands of businesses, investors and institutions Measure What Matters, by using the B Impact Assessment and B Analytics to manage their impact — and the impact of the businesses with which they work — with as much rigor as their profits; and (4) inspiring millions to join the movement through compelling storytelling by its multi-platform branded media company B the Change Media. For more information, visit www.bcorporation.net.
Americann is a publicly traded company that designs and plans to develop and lease sustainable, state-of-the-art medical cannabis cultivation properties. The Company has over 1,000,000 square feet of facilities in various stages of development. AmeriCann has preferred partners in Colorado, Massachusetts and Delaware. AmeriCann does not cultivate, process or distribute cannabis, but partners with local business to serve marijuana patients in their communities. More information about the Company is available at: www.americann.co.
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). Statements preceded by, followed by or that otherwise include the words “believe,” “anticipate,” “estimate,” “expect,” “intend,” “plan,” “project,” “prospects,” “outlook,” and similar words or expressions, or future or conditional verbs such as “will,” “should,” “would,” “may,” and “could” are generally forward-looking in nature and not historical facts. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company’s actual results, performance or achievements to be materially different from any anticipated results, performance or achievements. The Company disclaims any intention to, and undertakes no obligation to, revise any forward-looking statements, whether as a result of new information, a future event, or otherwise.