QualityStocksNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Receives Promising Valuation from Third Party Accounting Firm on Cannabis Facility Acquisition
TransCanna Holdings (CSE: TCAN) (FSE: TH8), an emerging cannabis branding, transportation and distribution company, recently signed definitive documents to purchase a 196,000 sq. ft. vertically integrated facility in northern California for $15 million. The purchase includes 5.567 acres of land and institutional grade packaging and extraction equipment. TransCanna retained the services of GreenGrowth CPA, an independent third-party chartered professional accounting firm that specializes in legalized cannabis. GreenGrowth was engaged by the company to determine the enterprise value of the proposed business to be conducted by TransCanna on the property. Using two separate valuation methods including both the discounted cash flow…