InvestorNewsBreaks – AmeriCann Inc. (ACAN) Releases Financial Report, Notes Record Results

Dec 9, 2021

AmeriCann (OTCQB: ACAN), a cannabis company that develops state-of-the-art cultivation, product manufacturing and distribution facilities, has reported its financial and operational results for FY and the quarter ending September 2021. Highlights of the report include positive quarterly net income and substantial EBITDA growth. Specifically, the company showed four consecutive quarters of increased operating revenue, resulting in positive net income for the quarter, with revenue from operations increasing $1,525,039, or about 303% over the year before. In addition, the report noted operating revenue for the same quarter was approximately 156% more. The company attributed the  growth to revenue received from products produced and manufactured at AmeriCann’s Building 1, located at its Massachusetts Cannabis Center development in Freetown, Massachusetts. The 30,000-square-foot cultivation greenhouse and processing facility uses AmeriCann’s proprietary Cannopy cultivation system and is occupied by Bask Inc., an existing Massachusetts licensed vertically integrated cannabis operator. “AmeriCann’s financial performance and strong cash flow for the quarter reflect the strength of our operations,” said AmeriCann president Tim Keogh in the press release. “The fact that we achieved positive net income with just the initial phase at our Massachusetts Cannabis Center having been completed is an excellent indicator of the future financial success for the Company.”

To view the full press release, visit https://ibn.fm/dgTLN

About AmeriCann Inc.

AmeriCann develops and leases cannabis cultivation, processing and product manufacturing facilities. The company uses greenhouse technology, which is superior to the current industry standard of growing cannabis in warehouse facilities under artificial lights. According to industry experts, by capturing natural sunlight, greenhouses use 25% fewer lights and utility bills are up to 75% less than in typical warehouse cultivation facilities. As such, AmeriCann’s Cannopy System enables cannabis to be produced with a greatly reduced carbon footprint, making the final product less expensive. Additionally, greenhouse construction costs are nearly half of warehouse construction costs. AmeriCann is also designing GMP-certified cannabis extraction and product manufacturing infrastructure. The company has secured licenses to produce cannabis-infused products, including beverages, edibles, topicals and concentrates. AmeriCann plans to operate a marijuana product manufacturing business at the Massachusetts Cannabis Center. For more information about the company, please visit www.Americann.co.

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.

With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.

Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
[email protected]

InvestorWire is part of the InvestorBrandNetwork.

More News

School Holiday October 29: Which states have announced closures due to Cyclone Arnab? Will schools in Delhi, Punjab and other North Indian states remain closed for Karwa Chauth? Check state-wise updates
Oct 28, 2026
School Holiday October 29: Which states have announced closures due to Cyclone Arnab? Will schools in Delhi, Punjab and other North Indian states remain closed for Karwa Chauth? Check state-wise updates

School Holiday October 29 news: Schools in Andhra Pradesh, Odisha, and Jharkhand will close on October 29 due to Cyclone Arnab. Karwa Chauth is also observed on this day, affecting school holidays. While Delhi government schools declared a holiday, private schools may vary in their schedules. Parents are advised to check with individual schools for updated holiday information. District administrations will provide details regarding school closures based on local weather conditions.

Real Madrid issues apology to China over Mbappe’s Mao remarks
Oct 28, 2026
Real Madrid issues apology to China over Mbappe’s Mao remarks

Real Madrid has issued an apology to China over Kylian Mbappe’s controversial remarks about the late Chinese leader Mao Zedong, after the Spanish football club’s initial response failed to quell anger in China. In a statement published on its website on Wednesday, the club apologised to the Chinese people for “any discomfort” caused by the French footballer’s remarks, a day after Mbappe issued his own public apology. The apology came after Chinese state broadcaster CCTV Sports rejected Real...

Vedanta explores Rs 80,000 crore investment in West Bengal, says Anil Agarwal
Oct 28, 2026
Vedanta explores Rs 80,000 crore investment in West Bengal, says Anil Agarwal

In a bold move, Vedanta Group's Anil Agarwal announced an investment strategy of Rs 70,000-80,000 crore in West Bengal, set to foster job creation for around 10,000 individuals. He conveyed confidence in the state's manufacturing potential and the necessity of leveraging local resources. This announcement came during a key meeting at Nabanna, highlighting Agarwal's commitment to positioning India as a manufacturing powerhouse on the global stage.

British PM Burnham commits to 'strongest possible' links with India in Diwali address
Oct 28, 2026
British PM Burnham commits to 'strongest possible' links with India in Diwali address

During his first Diwali as Prime Minister, Andy Burnham expressed his commitment to strengthen UK-India relations. The celebration at 10 Downing Street included lighting lamps and cultural performances. Burnham emphasized the importance of harmony among various communities in the UK. Key speakers highlighted the ongoing free trade agreement between the two countries and its benefits. The festive events reflect the growing partnership between the UK and India.

Assam Chief Minister chairs two crucial meetings in Dibrugarh to safeguard indigenous land rights
Oct 28, 2026
Assam Chief Minister chairs two crucial meetings in Dibrugarh to safeguard indigenous land rights

Assam's Chief Minister Himanta Biswa Sarma convened a series of meetings in Dibrugarh, concentrating on securing land rights for indigenous peoples. The gatherings highlighted challenges related to land distribution for tribal families, particularly within the Moran and Matak communities. To aid in resolving these issues, youth will receive training for online applications, reinforcing initiatives aimed at preserving and respecting the land ownership of tribes in Upper Assam.

YouTube Outage: Thousands of users reportedly facing problems, reports claim issues with Google Search and Gmail too
Oct 28, 2026
YouTube Outage: Thousands of users reportedly facing problems, reports claim issues with Google Search and Gmail too

Google services, including YouTube and YouTube Music, have reported significant issues on October 28, 2026. Thousands of users faced problems accessing these platforms, with complaints rising sharply throughout the day. Users encountered issues streaming videos and loading content, prompting discussion on social media. Despite reports of widespread problems, Google's official status dashboard shows services operational. The cause of these issues remains unclear and has not been confirmed by Google.

MoS Somanna sees 2028 message in NDA’s council poll sweep
Oct 28, 2026
MoS Somanna sees 2028 message in NDA’s council poll sweep

Union Minister of State V Somanna highlighted the Congress party's failure in recent Legislative Council elections across multiple states. He pointed out that Congress did not secure any seats in Maharashtra, Karnataka, Bihar, or Uttar Pradesh. Somanna used these results to challenge Congress's claims regarding electronic voting machines and alleged electoral fraud. The outcomes are perceived as a negative reflection on the Congress government in Karnataka.

Council Tax Bands explained: How to check your band, current rates and can you pay less?
Oct 28, 2026
Council Tax Bands explained: How to check your band, current rates and can you pay less?

UK Chancellor John Healey has announced an innovative cost-of-energy payment aimed at aiding households in council tax bands A to D in England. Scheduled for January 2027, this initiative is expected to support roughly 20 million homes, funded by elevated taxes imposed on banks. The announcement details the council tax bands in England, encouraging residents to assess their eligibility for reductions or discounts on their council tax.

UK new minimum wage 2027: What will the new rates be, how much more will workers earn, and when does the new minimum wage start?
Oct 28, 2026
UK new minimum wage 2027: What will the new rates be, how much more will workers earn, and when does the new minimum wage start?

UK minimum wage 2027: The UK minimum wage will rise by 3.9% in April 2027, taking the hourly rate to £13.21 for workers aged 21 and over and £11.27 for those aged 18 to 20. Here's what to know about the new minimum wage 2027, how much more workers will earn and when the new rates take effect.

Diljit Dosanjh Delhi concert: Traffic curbs announced for October 30; check routes to avoid, diversions, cab pick-up and drop-off points, parking and Metro access to JLN Stadium
Oct 28, 2026
Diljit Dosanjh Delhi concert: Traffic curbs announced for October 30; check routes to avoid, diversions, cab pick-up and drop-off points, parking and Metro access to JLN Stadium

Delhi Traffic advisory: Police announced traffic restrictions for the upcoming Diljit Dosanjh concert on October 30. The restrictions will be in place from 1 pm to midnight and will affect several major roads. Commuters are encouraged to use the Delhi Metro for easy access to the venue. Designated pick-up and drop-off points for taxis and cabs have been established nearby.

Rajnath Singh holds bilateral talks with US and Japan defence chiefs in Philippines
Oct 28, 2026
Rajnath Singh holds bilateral talks with US and Japan defence chiefs in Philippines

Discussions cover engine production, maritime security, defence industry ties and joint development of naval technologies

Indian industry has become aware of carbon emissions, says CII’s Narayan Sethuramon
Oct 28, 2026
Indian industry has become aware of carbon emissions, says CII’s Narayan Sethuramon

Indian industry is becoming aware of the impact of European carbon emissions regulations on their competitiveness. The expected India-EU Free Trade Agreement will create opportunities for growth in the coming years. Different categories of buyers are emerging, with some looking to diversify sources away from China. Key sectors such as textiles and defense are poised to benefit from these trade dynamics.

YOUR NEWS, OUR NETWORK.

Do you have Great News you want to tell the world?

Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.

Daily World Feed

Get yourself immersed in engaging topics right here. Daily World Feed is a multi-platform media, providing you latest breaking news straight from the industry.

Sign Up