Bullish indicating open at $55-$60, IPO prices at $37
Strategic Capital Partners (WA:CPAP), LLC, a major stakeholder in AmeriCann, Inc. (OTCQB:ACAN), reported the sale of 8,966,665 shares of common stock. The company, currently trading at $0.03 per share with a market cap of $730,000, has seen its stock decline 45.5% over the past year despite a 28% surge in the last six months. According to a recent SEC filing, these shares were disposed of at a price of $0 per share, resulting in a total transaction value of $0. This transaction leaves Strategic Capital Partners with no remaining shares in AmeriCann, Inc. The filing was signed by Benjamin Barton, the manager of Strategic Capital Partners, on March 24, 2025. InvestingPro analysis reveals concerning metrics, including significant debt burden and rapid cash burn, with 8 additional key insights available for subscribers.
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