General Cannabis Announces Entry into Term Sheet For Acquisition of Denver Cannabis Retailer

DENVER, Aug. 19, 2019 (GLOBE NEWSWIRE) — General Cannabis Corp (OTCQX: CANN) (the “Company” or “General Cannabis”), the comprehensive national resource to the regulated cannabis industry, today announced that it has entered into a non-binding term sheet to acquire substantially all of the assets of a licensed recreational cannabis retailer in Denver, Colorado (the “Business”).  The seller of the Business operates a retail cannabis dispensary in Denver.