Advanced Cannabis Solutions Signs Master Services Agreement With Spector Group II, LLP for Build Out of “The Greenhouse”
Former Retail Bank to Be Converted Into Multi-Tenant Office Building With Focus on Legal Cannabis-Related Businesses
DENVER, CO–(Marketwired – Dec 19, 2014) – Advanced Cannabis Solutions (OTC: CANN), a service provider to businesses in the regulated cannabis industry, announced today that it has signed a Master Services Agreement with New York based Spector Group, one of the nation’s leading architecture, interior design and master planning firms, for the build out of its multi-tenant office building in Denver, to be known as “The Greenhouse.” The Greenhouse will focus on securing tenants engaged in business related to the legal cannabis industry and will ACS believes that its 15,000 square foot facility will create a hub of intellectual capital.
Robert Frichtel, Chief Executive Officer of ACS, commented, “We are very glad to have Spector Group come on board with this project. As an established and highly experienced firm, we are confident that Spector will bring our vision of The Greenhouse to life quickly and with a minimum of difficulty.”
Marc B. Spector, AIA, NCARB, of Spector Group said, “We are very pleased to have signed this agreement with ACS to convert the retail bank space they have acquired into a multi-tenant office space. We are very familiar with the needs of such an ‘incubator’ facility, and to our knowledge, this is the first such facility for the legal cannabis trade. We are quite pleased to be making a little history here, and we are confident that Spector Group will give ACS exactly what it wants with its Greenhouse.”
Michael Feinsod, Chairman of ACS, stated, “The Greenhouse is a key component for the development of ACS. As I have said before, it is a solution missing from the legal cannabis industry in Colorado — one-stop shopping for office space, support services, access to capital and intellectual expertise that is industry specific. It will bring together in one place a diverse number of businesses all of whom serve the same industry in different ways.
“For ACS, The Greenhouse will become both our headquarters and a way to generate new business opportunities. Our initial tenants are likely to be in finance, insurance, legal, real estate, internet, print and other businesses that serve the cannabis industry. ACS may acquire equity interests in The Greenhouse tenants, when the situation warrants, in addition to simply renting them space.”
About Spector Group
The award-winning international architecture, master planning and interior design firm was founded 49 years ago by Michael Harris Spector FAIA, one of the industry’s most respected figures. Marc B. Spector AIA, NCARB, along with his brother Scott E. Spector AIA, lead the New York-based company. Ranked in the top 50 largest architectural firms in the United States in 2014 by Architect Magazine, the firm has affiliate locations nationally and internationally. Spector Group has been featured in the media, including outlets such as Crain’s New York Business, The New York Times, Business Insider, Commercial Observer, MarketWatch Radio Network, Long Island Business News, Newsday and the New York Post. To date, Spector Group has received over 100 awards from the American Institute of Architects and has completed over 2,000 projects in 12 states, five foreign countries and four continents.
About Advanced Cannabis Solutions
Advanced Cannabis Solutions, Inc. provides services to the regulated cannabis industry throughout the United States. We lease growing space and related facilities (commercial real estate and equipment) to licensed marijuana business operators for their production needs.
We are pursuing ancillary business products and services including customized finance, capital formation, banking, regulatory compliance consulting and advanced logistical support for grow operations.
ACS does not grow, harvest, distribute or sell cannabis or any substances regulated under United States law such as the Controlled Substances Act, nor does it intend to do so in the future.
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