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Note 1. Nature and Background of Business
9 Months Ended
Jun. 30, 2014
Notes  
Note 1. Nature and Background of Business

NOTE 1.     NATURE AND BACKGROUND OF BUSINESS

 

Americann, Inc. (f/k/a Nevada Health Scan, Inc.) ("the Company" or "the Issuer") was organized under the laws of the State of Delaware on June 25, 2010.  The Company was  established as part of the Chapter 11  reorganization  of AP Corporate  Services,  Inc. ("AP"). Under AP's Plan of Reorganization, as confirmed by the U.S. Bankruptcy Court for the Central District of California, the Company was incorporated to: (1) receive and own any interest which AP had in the development of an MRI scanning facility;  and (2) issue shares  of  its  common  stock  to  AP's general  unsecured  creditors,  to its administrative creditors, and to its shareholders.  See Note 5 to these financial statements for more information.

 

Since the Company lacked the resources to effectively develop an MRI facility, in June, 2012 the Company decided to promote medical tourism by providing information on a website for those seeking to travel abroad for healthcare services. The Company planned to generate revenue by selling advertising to healthcare providers and related businesses including hotels and travel agencies.

 

In September 2013 the Company abandoned its business plan relating to promoting medical tourism.

 

On January 17, 2014, a privately held limited liability company acquired approximately 93% of the Company’s outstanding shares of common stock from several of the Company’s shareholders which resulted in a change in control of the Company.

 

The Company’s new business plan is to offer a comprehensive, turnkey package of services that includes consulting, design, construction and financing to approved and licensed marijuana operators throughout the United States and worldwide.  The Company’s business plan is based on the anticipated growth of the regulated marijuana market in the United States and worldwide.

 

The Company’s activities are subject to significant risks and uncertainties including failure to secure funding to properly grow the operations.