Yesterday, Americann, Inc. (OTC:ACAN) filed a form D with the SEC to disclose the completion of a private equity offering.
The form disclosed an offering amount of $100,000, and a total amount invested also of $100,000. This comes as positive news, reassuring investors that Americann is well capitalized as it works towards conversion to the first-ever cannabis REIT. The total number of investors that took part in this offering was listed as just one. The form was signed by the Americann CEO, Timothy Keogh, and estimates that $0 of the offering's proceeds will be used for payments to executives or directors.
It is unknown to who and why the $100,000 in equity was sold, but we will be sure to keep readers updated as we learn more details on the matter.
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