Pubdate: Wed, 22 Jan 2014
Source: Denver Post (CO)
Copyright: 2014 The Denver Post Corp
Contact:  http://www.denverpost.com/
Details: http://www.mapinc.org/media/122
Author: Matt Robinson, Bloomberg News

ADVANCED CANNABIS GETS CREDIT

Advanced Cannabis Solutions, whose stock has soared 466 percent this
year, has obtained as much as $30 million in credit to help acquire
properties that it will lease to marijuana growers.

The agreement provides the Centennial-based company with $7.5 million
through senior secured convertible notes sold to Full Circle Capital
Corp., a closed-end investment company, the firms said Tuesday in a
statement. The six-year obligation, which may be increased by
$22.5million, will be backed by real estate and require interest-only
payments of 12 percent annually.

Investors have sent shares of marijuana-related businesses up as much
as 1,700 percent since Colorado and Washington legalized sales to
anyone 21 and older. Sales in Colorado began this month and Washington
expects its retailers to join around June.

Shares of Advanced Cannabis, which leases space to producers and
vendors, has climbed 39 cents to finish the day at $18.40 on the OTC
Bulletin Board.  
- ---
MAP posted-by: Jo-D