{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-014931","form_type":"8-K","ticker":null,"cik":"0001508348","company_name":"AmeriCann, Inc.","filed_at":"2024-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.736876+00:00","generated_at":"2026-06-02T17:51:04.364877+00:00","sec_items":["1.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"AmeriCann terminates BASK lease early; will operate cannabis facility itself","bullets":["Mutual lease termination on Aug 31, 2024; BASK pays $57,587.78/month for remaining 5 months.","BASK to transfer provisional cultivation and manufacturing licenses for $80,000 credit pending CCC approval.","Outstanding balance of $623,244 plus $369,869 promissory note consolidated into non-interest note over 24 months.","AmeriCann will operate the facility as a regulated cannabis cultivator and manufacturer post-termination."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-014931","json":"https://secwatch.observer/filing/0001437749-24-014931.json","markdown":"https://secwatch.observer/filing/0001437749-24-014931.md","text":"https://secwatch.observer/filing/0001437749-24-014931.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1508348/000143774924014931/0001437749-24-014931-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1508348/000143774924014931/acan20240506_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T17:51:04.364877+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d7184ddd4dbd17f96d065db00de0c75e8ef0635a","claim":"AmeriCann, Inc. terminated a lease with BASK, Inc. (effective 2024-05-03).","evidence_excerpt":"☐ 1 ITEM 1.02 TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT On July 26, 2019, the Company entered into a 15-Year Triple Net lease of Building 1 of the Massachusetts Cannabis Center with BASK, Inc. The lease commenced on September 1, 2019 and included a monthly base rent of $11,563.50 and a revenue participation fee equivalent to 15% of BASK’s gross revenues derived from products produced in the building.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1508348/000143774924014931/0001437749-24-014931-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"lease"},{"label":"Counterparty","value":"BASK, Inc."},{"label":"Effective","value":"2024-05-03"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}