RE: CANN suspension " Full Circle Capital Corp

RE: CANN suspension



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Full Circle Capital Corporation (NASDAQ:FULL) ("Full Circle Capital"), in response to numerous investor inquiries, today issued the following statement on the trading halt of Advanced Cannabis Solutions, Inc., a portfolio holding of Full Circle Capital Corp.

Full Circle Capital Corp. entered into a purchase agreement with Advanced Cannabis Solutions, Inc. to fund $30.0 million of senior secured convertible notes in January 2014. In conjunction with the closing of this agreement, Full Circle Capital purchased for $500,000 warrants to purchase 1.0 million shares of currently unregistered common stock of American Cannabis stock at a $5.50 per share exercise price. To date, these warrants have not been exercised, transferred or sold. Further, none of the senior secured convertible notes have been funded and Full Circle Capital retains the contractual right to fund these notes at its sole and absolute discretion.   "