TransCanna Holdings (TCAN:CSE) is part of the New Cannabis Kids On The Block wave that investors are demanding after mega financed companies flopped last year. TCAN, on the other hand, is delivering the following to investors:
· $2M CAD Revenue April 2020
· $24.6M CAD Revenue Run Rate solely from TransCanna test facility
· $90M Annual Revenue expected from first full year upon completion of 196,000 Sq Ft Daly facility Q3 2021
· Daly facility will be one of the largest cannabis facilities in California
And today the story got even better, with TCAN announcing that its wholly-owned subsidiary was granted a “Type 11 Distributor License” by the California Bureau of Cannabis Control for its 196,000 square foot Daly Avenue Facility.
HUGE BUSINESS IMPLICATIONS – TRANSCANNA POSITIONED TO BECOME PART OF NEW LEADERSHIP GROUP IN CANNABIS
As a result, Trancanna now owns the largest known, fully licensed cannabis facility in California. Given the fact TCAN is processing more than $USD 1,000,000/month in wholesale cannabis transactions out of a distribution space of just 1,000 square feet, the implications for Daly expanding to 196,000 square feet are HUGE in the areas of:
- Capacity
- Revenue
- Reach
- …. much more
The first round of cannabis leaders disappointed investors and created significant value destruction in the space. But like every new mega industry that goes through a catharsis stage, the next round of growth gives birth to the best and potentially biggest players for the long haul.
The next 24 – 36 months are going to be fun for TCAN. How fun? Watch this interview with CEO Bob Blink.
Watch this interview or listen by Podcast on Apple, Google, Spotify or your favourite podcaster.
Tags: california cannabis, Cannabis, CBD, CSE, Hemp, Marijuana, small cap, small cap stocks, tsx, tsx-v