TransCanna Holdings (CSE: TCAN) (FSE: TH8) today
announced its completion of the purchase of a 196,000 square foot vertically
integrated cannabis facility. Per the update, the total purchase price for the
property was $15 million. “A tremendous effort by the TransCanna team on
closing arguably the largest vertically integrated cannabis focused facility in
California,” TransCanna CEO Jim Pakulis said in the news release. “Simultaneous
to putting our efforts into purchasing the facility, we’ve been searching
extensively for the key individuals who will be overseeing the day to day
operations. We’ve made great strides over the past several weeks and should be
able to start making announcements by the end of the month.”
To view the full press release, visit http://ibn.fm/T6ffE
About TransCanna Holdings Inc.
TransCanna Holdings Inc. is a Canadian-based company focused
on providing integrated branding, transportation and distribution services,
through its wholly-owned California subsidiaries, to a range of industries
including the cannabis marketplace. For more information, visit the company’s
website at www.TransCanna.com.
NOTE TO INVESTORS: The latest news and updates
relating to TCAN are available in the company’s newsroom at http://ibn.fm/TCAN
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