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AmeriCann CEO Quoted in Industry Article on Sustainability
Tim Keogh, CEO of AmeriCann, Inc. (OTCQX: ACAN) was recently quoted in a feature story by Marijuana Business Daily discussing the energy insensitivity of the cannabis industry. Mr. Keogh, an advocate of safe access to medical cannabis, has believed for a long time that the legacy of indoor production of cannabis needs improvement and the path forward will rely on greenhouse infrastructure and traditional horticultural practices. AmeriCann currently has over 1,000,000 square feet of sustainable, greenhouse cannabis cultivation and processing infrastructure in various stages of development across the nation in regulated markets.
You can read the entire article HERE, or see Mr. Keogh’s quote below:
Greenhouses, Monitoring Systems & Lighting
Tim Keogh of AmeriCann believes the future lies in greenhouses, which can cut energy use by 60% to 70% for growers cultivating indoors.
“The opportunity, from our perspective, exists in designing sustainable greenhouse facilities” for cultivating cannabis, he said.
AmeriCann currently has a million square feet of sustainable cannabis production infrastructure in various stages of development across the country. The company is based in Denver but is focusing much of its efforts in the emerging regulated markets on the East Coast. It also sees a lot of opportunities to improve conservation efforts in the “more mature” western state markets.
Aside from greenhouses, Keogh said there are a number of innovative ways to save energy and reduce the amount of water used. He suggests implementing “robust monitoring and control systems.” This technology can keep tabs on and adjust light cycles and temperature and can be fine-tuned to decrease electrical consumption.
A well-designed fertigation system can save on labor costs and track to the milliliter the amount of water delivered to each plant, he said.
“That precision will minimize wasted water and remove the potential for over- or under-watering,” Keogh said “An over- or under-watered crop will not achieve its maximum yield (weight and cannabinoid/terpene profile).”
Plants that get too little or too much water require more electricity for lighting and cooling.
“Healthy plants don’t waste electricity or water,” Keogh said.
About AmeriCann
AmeriCann designs, develops and owns advanced medical cannabis facilities to produce the best possible medical cannabis in most efficient manner utilizing advanced, sustainable practices. The Company has over 1,000,000 square feet of facilities in development. 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.
Forward-Looking Statements
This post 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. For additional risks and uncertainties that could impact the Company’s forward-looking statements, please see the Company’s Annual Report on Form 10-K for the year ended September 30, 2014, including but not limited to the discussion under “Risk Factors” therein, which the Company has filed with the SEC and which may be viewed at http://www.sec.gov.
Contact Information:
AmeriCann, Inc.
3200 Brighton Blvd. Unit 114
Denver, CO 80216
(303) 862-9000
info@americann.co
www.americann.co