Topic: How To Invest

A bit of a tongue-in-cheek question for you, but my friend, the ageing hippy, is begging I ask you. With Colorado legalizing the weed what is your opinion of Advanced Cannabis Solutions?

Article Excerpt

Advanced Cannabis Solutions, $38.12, symbol CANN on the U.S. over-the-counter bulletin board (Shares outstanding: 13.3 million; Market cap: $508.9 million; www.advcannabis.com), is a Colorado-based company that leases growing space and related facilities to licensed marijuana business operators. In January, Advanced Cannabis Solutions signed an eight-year lease with a Pueblo grower for its recently purchased Pueblo County, Colorado, property. The lease covers a 5,000-square-foot growing facility on three acres of land, but the company says the tenant plans to expand their operation and will develop up to an additional 40,000 square feet of greenhouse space. On February 20, Advanced Cannabis Solutions said it had signed an agreement to provide consulting services to a Canadian investor group involved in the start-up of a large operation serving the Canadian medical marijuana market. The contract has a minimum duration of six months and a potential value in the “low six figures.” So far, these are the company’s only operations or contracts. In the three months ended September…