Transcanna Holdings Inc. TCAN Archives - Page 4 of 6

WednesdayMay 08, 2019 9:31 am

QualityStocksNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Posts Video Tour of Vertically Integrated Cannabis Facility

TransCanna Holdings (CSE: TCAN) (FSE: TH8) this morning issued an eight-minute video to provide shareholders and investors with a visual tour of its 196,000-square-foot vertically integrated cannabis-focused facility. The company’s chief executive officer, Jim Pakulis, discusses the highlights of the facility in the video presentation. In addition, the company reported that it will be providing an update on its senior management search in the near future. “The TransCanna property is significant and takes in excess of 90 minutes for the complete tour. Our goal was to provide a glimpse of the size and scope of the facility through this video,…

MondayMay 06, 2019 12:28 pm

QualityStocksNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Appoints Haywood Securities as Lead Agent on $10M Brokered Private Placement

TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) today announced that it has appointed Haywood Securities Inc. to act as lead agent on behalf of a syndicate of agents to sell, by way of a best efforts private placement, up to two million company units, each at a price of $5.00, for gross proceeds of up to $10 million. According to the update, each unit will comprise one common share of the company (each a "share") and one half of one common share purchase warrant (with each whole warrant constituting a "warrant"). Warrant holders will be entitled to acquire an additional…

FridayMay 03, 2019 9:19 am

QualityStocksNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Enters LOI to Acquire Biovelle; Forms Hemp Division

TransCanna Holdings (CSE: TCAN) (FSE: TH8) this morning announced the execution of a non-binding Letter of Intent (“LOI”) dated April 30th, 2019 to acquire the branding asset package Biovelle (www.Biovelle.com). Biovelle is an organic, non-GMO, vegan and gluten free hemp infused CBD coconut oil. The completion of the acquisition is subject to the conclusion of due diligence and the execution of final binding definitive asset purchase documentation. “With the passing of the Farm Bill and the explosive growth of the hemp sector we decided to expedite our formation of our hemp related division. Acquiring Biovelle is the perfect fit. It…

TuesdayApr 30, 2019 9:56 am

QualityStocksNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Announces Application for Permanent Licenses for Adelanto, California Facility

TransCanna Holdings (CSE: TCAN) (FSE: TH8) today announced that it has applied for a permanent manufacturing, distribution and a transportation license with the city of Adelanto, California. In addition, the company intends to provide an update later in the week relating to the licensing process for its 196,000 square foot facility based in Modesto, California. “Our immediate focus is to be able to have our city and state licenses in place in Adelanto as soon as possible,” TransCanna CEO Jim Pakulis said in the news release. “Subsequent to the GoodFellas acquisition we will be able to prepare and package the…

WednesdayApr 24, 2019 9:56 am

TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Completes Acquisition of Large California Site with Closed-Loop Cannabis Production Potential

TransCanna Holdings’ purchase of a 5.5-acre site in Northern California with a 196,000-square-foot facility onsite is expected to set the stage for the company’s self-contained ecosystem to create or acquire 15 premium brands by controlling all aspects of production, distribution and sales Cannabis sales in California are expected to reach $5.1 billion this year and climb to $7.7 billion by 2022 TransCanna’s site purchase advances plans for an additional 600,000-square-foot facility for biomass growth A successful, oversubscribed private placement raised gross proceeds of C$16 million to help fund plans for the site Cannabis branding and distribution company TransCanna Holdings Inc. (CSE:…

ThursdayApr 18, 2019 9:31 am

QualityStocksNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Enters Sub-Lease for Multipurpose Facility in Adelanto, California

TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) today announced that it has entered into a sub-lease agreement for 10,000 square feet of an Adelanto, California-based multipurpose facility. According to the update, the sub-lease agreement covers a term of four years at $2.00 per square foot per month. “As we've represented since the commencement of TransCanna, it's crucial to have a main facility, which we now have with the acquisition of the 196,000 square foot vertically integrated facility in Modesto, and up to five satellite facilities located strategically throughout the state,” TransCanna CEO Jim Pakulis stated in the news release. “This…

TuesdayApr 16, 2019 10:18 am

QualityStocksNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Completes Purchase of Vertically Integrated Cannabis Facility in California

TransCanna Holdings (CSE: TCAN) (FSE: TH8) today announced its completion of the purchase of a 196,000 square foot vertically integrated cannabis facility. Per the update, the total purchase price for the property was $15 million. “A tremendous effort by the TransCanna team on closing arguably the largest vertically integrated cannabis focused facility in California,” TransCanna CEO Jim Pakulis said in the news release. “Simultaneous to putting our efforts into purchasing the facility, we've been searching extensively for the key individuals who will be overseeing the day to day operations. We've made great strides over the past several weeks and should…

WednesdayApr 10, 2019 9:20 am

QualityStocksNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Issues Update on Cannabis Facility Acquisition

TransCanna Holdings (CSE: TCAN) (FSE: TH8), an emerging cannabis branding, transportation and distribution company based in Canada, this morning provided an update concerning the company’s acquisition of a 196,000-square-foot vertically integrated cannabis facility. Per the update, TransCanna expects the closing of escrow for the acquisition to take place on or around Monday, April 15th. The company intends to provide an additional update upon the successful completion of the acquisition. To view the full press release, visit http://ibn.fm/ZpcVl About TransCanna Holdings Inc. TransCanna Holdings Inc. is a Canadian-based company focused on providing integrated branding, transportation and distribution services, through its wholly-owned California…

FridayApr 05, 2019 12:05 pm

QualityStocksNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (XETR: TH8) Closes C$16 Million Brokered Private Placement

Canada-based cannabis company TransCanna Holdings Inc. (CSE: TCAN) (XETR: TH8) late Thursday announced that it has closed its previously detailed and upsized brokered private placement of units, generating gross proceeds of C$16 million. Per the update, an aggregate of eight million units of the company were sold at a price of C$2.00 per unit, with each unit comprised of one common share of TransCanna and one half of one common share purchase warrant. TransCanna intends to use the net proceeds of the offering to fund an $8 million down payment for its proposed acquisition of a 196,000-square-foot cannabis facility. The…

TuesdayMar 26, 2019 1:33 pm

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…

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