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

April 24, 2019 09:13:40
  • 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: TCAN) (FSE: TH8) has finalized the acquisition of “arguably the largest vertically integrated cannabis centric” multi‐purpose facility in California, setting the stage for edification of a self-contained cannabis hub operation that includes integrated divisions for transportation and distribution, cultivation and nursery, lab extraction, manufacturing and packaging.

The three-story, 196,000-square-foot facility is part of a larger 5.5-acre property purchase that the company envisions as…


NOTE TO INVESTORS: The latest news and updates relating to TCAN are available in the company’s newsroom at

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