- TransCanna Holdings closed a recent round of private placement funding with aggregate gross proceeds of more than C$10 million
- TransCanna will use the funding to help grow its statewide vertically integrated cannabis production and distribution efforts in California’s robust marketplace
- Following an extensive search, the company has named a general manager for its 196,000-square-foot hub facility that will serve up to five satellites
- Pending acquisition projects are expected to expand TransCanna’s asset and brand options in the state
TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8), a company aiming to create and buy 15 premium brands in California, garnered aggregate gross proceeds of more than C$10 million during its just-closed round of private placement funding, which will be used to fund further equipment purchases for its vertically integrated cannabis facility in Modesto, California, as well as for additional acquisitions and other corporate purposes (http://nnw.fm/vpiN7).
TransCanna has been building a strong statewide operation in California – the largest marketplace in the global cannabis resurgence as adult lifestyle and wellness consumers drive a variety of plant-based sectors to robust financial activity. The company’s Modesto facility is a 196,000-square-foot cannabis-focused hub for its…
NOTE TO INVESTORS: The latest news and updates relating to TCAN are available in the company’s newsroom at http://nnw.fm/TCAN
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