A 400% increase in cultivation and production capacity is expected as they expand into their new facility
“This facility is going to resonate through the industry, not only in California, but I believe worldwide,” says CEO, Bob Blink.
TransCanna Holdings seeks to contribute to the cannabis industry as a strategic vertically integrated acquisition company. TransCanna is currently transforming. They’re now scaling the company to leverage their vertically integrated cannabis facility in Modesto California. In fact, it will be one of the largest cannabis facilities in the State. It will also have access to over 39 million residents and 240 million visitors per year. Further, the facitlity will be over 20 times larger than their current site.
“We’re really excited about phase one financing because it’s going to enable us to realize a four hundred percent increase in cultivation and production capacity,” says General Manager, Alan Applonie.
All of TransCanna’s product in its original site is sold out until March of 2021. So, bringing this additional capacity online will allow the company to deliver the product to consumers.
“With Phase One expansion plans nearly complete, TransCanna is prepared to seize on some massive opportunities,” says Blink.
In addition, the company recently acquired two California companies, a high-end edible producer Soldaze and a premium indoor cultivator and distributer Lyfted Farms. Combining one of the largest cannabis production facilities with the brands and management teams from these acquisitions will make TransCanna a major opportunity for investors and partners alike.
Source: https://www.b-tv.com/transcanna-holdings-expansion-cannabis-production-company-feature-ep-353/
Tags: Aphria Inc, Aurora Cannabis Inc, california cannabis, Cannabis, Canopy Growth Corp, CBD, Cronos Group Inc