Transcanna Holdings Inc. TCAN Archives - Page 5 of 6

WednesdayMar 20, 2019 9:00 am

QualityStocksNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Inks Definitive Closing Documents to Acquire Cannabis Facility with Packaging Equipment on 5.5 Acres of Land

TransCanna Holdings (CSE: TCAN) (FSE: TH8) this morning announced that it has signed definitive closing documents to acquire a 196,000 square foot facility on 5.5 acres of land as well as cannabis packaging and processing equipment for a total purchase price of $15 million. Over the past two years, the facility has undergone $8 million in key renovations which have formed specific divisions for nursery, cultivation, manufacturing, extracting, bottling, remediation, and transportation and distribution. The company paid the sellers a $250,000 non-refundable deposit and will pay an additional $8 million down payment. The seller agreed to a carry back note…

FridayMar 15, 2019 8:30 am

QualityStocksNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Increases Brokered Private Placement by 60 Percent

TransCanna Holdings (CSE: TCAN) (FSE: TH8) recently announced that its brokered private placement of 5,000,000 units at C$2.00 per unit, as announced on February 20, 2019, is oversubscribed. As a result, TransCanna has increased the offering by sixty percent to a maximum of 8,000,000 units to raise gross proceeds of C$16,000,000. The company intends to use the offering’s net proceeds for partial funding of the acquisition of a 196,000 square foot vertically integrated cannabis facility in Modesto California, as well as equipment acquisition and general working capital. "We're humbled by the demand for our private placement," TCAN President and CEO…

TuesdayMar 12, 2019 9:00 am

QualityStocksNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Appoints New Member to its Board of Directors

TransCanna Holdings (CSE: TCAN) (FSE: TH8) recently announced the appointment of Director Steve Giblin to its board. Giblin is an accomplished leader across global hospitality, technology and real estate industries with a demonstrated track record in value creation. He has strong C suite relationships with Marriott, Hilton and Radisson brands and experience managing the Silverbirch and Delta hotel real estate portfolios for the British Columbia Investment Management Corporation. As Silverbirch CEO, Giblin grew revenues from $280 million to $500 million and increased the portfolio value over 50 percent. In addition, he has worked closely with a number of companies including…

WednesdayMar 06, 2019 3:16 pm

QualityStocksNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Continues Growth Strategy with Recent Acquisition

TransCanna Holdings (CSE: TCAN) (FSE: TH8), an emerging cannabis branding, transportation and distribution company, recently acquired Goodfellas Group LLC, a full-service advertising and marketing agency that specializes in the cannabis and hemp industries. The acquisition includes Goodfellas’ innovative cannabis, Simple Kit. A recent article discussing the company reads, “Part of Goodfella’s in-house brand, Simple, the kit is designed to help first-time cannabis users have a pleasant experience in a simple, safe manner, according to a joint news release (http://ibn.fm/Uf7XK). . . . The Simple Kit comes with a user-friendly box as its packaging, which, when opened, can be transformed into…

MondayMar 04, 2019 1:04 pm

QualityStocksNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Expands Leadership Team

TransCanna Holdings (CSE: TCAN) (FSE: TH8) recently announced the appointment of Arni Johannson as president. Johannson’s experience includes over 30 years operating and investing in both private and publicly traded companies throughout Canada and the U.S. During his career, he has been involved in numerous successful exits across multiple sectors and has served on more than 20 corporate boards. “Once we presented TransCanna's vision to Arni he immediately understood the potential, and agreed to not only be a director, but also President of the company,” TransCannna CEO Jim Pakulis said in the news release. “I firmly believe his operating knowledge…

FridayMar 01, 2019 3:52 pm

QualityStocksNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Eyes Potential for Sprawling Northern California Facility

Emerging cannabis branding, transportation and distribution company TransCanna Holdings (CSE: TCAN) (FSE: TH8) recently accepted a Northern California real-estate option agreement with what looks to be significant potential. A recent article discussing intended use for the facility includes a statement from TransCanna CEO Jim Pakulis, indicating, “With the recent $8 million of tenant improvements performed, this is one of the largest cannabis-focused, vertically integrated facilities in California. The intended use of the facility will be to transfer branded companies that we acquire, or that we create, and bring them inhouse. This means we have complete control over our nursery, grow,…

WednesdayFeb 20, 2019 10:12 am

TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Readies Expansion of Unique ‘Simple Kit’

Acquisition of Goodfellas Group LLC includes innovative, user-friendly cannabis package “Simple Kit” to help first-time users achieve a positive experience Company is creating a distribution network throughout California to serve the state’s $8.6 billion cannabis industry Recently closed an IPO funding share sale to bring in aggregate gross proceeds of C$2.2 million U.S. legal cannabis industry projected to reach $23.4 billion in consumer spending in 2022, growing at a 22 percent CAGR from 2017-2022 TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8), which specializes in supporting clients involved in nearly every aspect of the cannabis-related eco-system, is adding another strategic layer…

TuesdayFeb 19, 2019 9:21 am

QualityStocksNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) to Provide Corporate Update in Conference Call

TransCanna Holdings (CSE: TCAN) (FSE: TH8) will be hosting a corporate update conference call today, February 19, after the close of the market at about 1:15 PM PST. During the call, TCAN will provide an update on company activities since the IPO and discuss the company’s outlook moving forward, including opportunities TCAN is currently pursuing. To participate in the conference call, dial the Canada/USA toll free line at 1-800-319-4610 or the International line at +1-604-638-5340. The conference reference number is 10006275. To view the full press release, visit http://ibn.fm/nKH2s About TransCanna Holdings Inc. TransCanna Holdings is a Canadian-based company providing…

FridayFeb 15, 2019 10:34 am

TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Accepts Option to Buy Major California Site for Cannabis Operations

TransCanna Holdings has acquired an option to buy a Northern California site with a 196,000-square-foot facility and room for a potential 400,000-square-foot addition The existing facility has undergone $8 million in cannabis production-potential upgrades The company is contemplating the possibility of using the site for cannabis transportation, extraction, manufacturing, bottling, cultivation and nursery operations Emerging cannabis branding, transportation and distribution company TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) continues to actively develop its market profile for 2019 after recently accepting a Northern California real estate option agreement from the company’s CEO. The 6.5-acre site has a 196,000-square-foot facility, as well…

MondayFeb 11, 2019 2:13 pm

QualityStocksNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Prepares to Pounce on California Cannabis Distribution, Transportation Markets

TransCanna Holdings (CSE: TCAN) (FSE: TH8), through its affiliate TCM Distribution Inc. (“TCMD”), has secured local licenses in Adelanto, California, and recently secured a California temporary distribution license. In addition, TransCanna also completed its initial public offering (“IPO”) for total gross proceeds of C$2.2 million, which will be used to fund its general working capital for the next 12 months including its entry into California’s cannabis transportation and branding market, per a prospectus filed on SEDAR in December (http://ibn.fm/o8JBt). A recent article discussing the company reads, “Transporting cannabis products in California remains challenging in the months following full legalization because…

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