I have created a new node and issued 1 new address. I then tried to grant permissions to this address and got the following error: *No unspent output with activate or admin permission*. I tried to run the multichaind with -reindex=1 as well but still getting the same issue. What could be the issue here? 
PS C:\multichain> .\multichain-cli LucidOceanTestChain listunspent 0 999999
{"method":"listunspent","params":[0,999999],"id":1,"chain_name":"LucidOceanTestChain"}
[
    {
        "txid" : "df80ecbaa2e78b76d1a24eb912d1867990f35d778d149d9ca8b87fa2cb4f3905",
        "vout" : 0,
        "address" : "1LxTMtXtXynbne5TNqjE9AfTsNa59GzdLDPqWu",
        "account" : "",
        "scriptPubKey" : "76a91493a75ec70f27c9613bab9ca51b26be730beaa64988ac",
        "amount" : 0.00000000,
        "confirmations" : 59,
        "cansend" : true,
        "spendable" : true,
        "assets" : [
        ],
        "permissions" : [
        ]
    }
]
PS C:\multichain> .\multichain-cli LucidOceanTestChain grant 1RfXXYGTFFfpACh1rXw8gt4wQAbqVSd5uuXsrY receive
{"method":"grant","params":["1RfXXYGTFFfpACh1rXw8gt4wQAbqVSd5uuXsrY","receive"],"id":1,"chain_name":"LucidOceanTestChain"}
error code: -704
error message:
No unspent output with activate or admin permission
PS C:\multichain>