(CSE: TCAN) (FSE: TH8)
Why TransCanna?
- $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
- Recently acquired two California companies,
- High-end award winning edible producer Soldaze
- Premium indoor cultivator and distributer Lyfted Farms
- Lyfted Farms products sold in select Cookies Locations – The most recognizable name in high-end Cannabis.
- 2019 California Cannabis sales over $3B, industry currently fragmented
- Direct to dispensary model, cutting out the middleman
THE FACILITY – 196,000 Sq Ft DALY BUILDING
- Located in Modesto, California; A key asset for TransCanna
- 196,000 square foot building has an appraised value, prior to licensing and build out, of US $15m.
- The indicative value once operational, post-licensing and build out is projected at US $80m.
- Will be the largest multi-purpose cannabis facility in California.
- Electricity Rates amongst the lowest in California
FULL DISCLOSURE: TransCanna Holdings is an advertising client of AGORA Internet Relations Corp.
Tags: Cannabis, CBD, CSE, Hemp, Marijuana, small cap stocks, stocks, tsx