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Transcanna Holdings Inc. (CSE:TCAN) New Listing

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The company, through two wholly-owned California subsidiaries, GF Group and Transcanna Management, provides branding, transportation and distribution services to a range of industries, including the cannabis marketplace.

Additional Information:

Company: Transcanna Holdings Inc.
Website: http://www.transcanna.com
Stock Symbol: CSE: TCAN
Date Published: Jan 9, 2019
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

Transcanna Holdings Inc.is one of the latest new listings on the Canadian Securities Exchange, trading in under the symbol “TCAN”.

The company, through two wholly-owned California subsidiaries, GF Group and Transcanna Management, provides branding, transportation and distribution services to a range of industries, including the cannabis marketplace.

The company closed an IPO, raising gross proceeds of $2.2 million from the placement of 4.4 million units priced at $0.50 per unit.

Each unit consisted of 1 share and 1 warrant, with each warrant exercisable at $1.00 for 12 months, subject to an acceleration clause.

Haywood Securities acted as agent on the offering.

Cannabis distribution and transportation is a relatively new sector of the overall cannabis industry in California, as a result of the state of California regulating all cannabis related activities effective January 1, 2018.

Through the GF Group, the company has secured exclusive branding and design agreements for twenty-three separate brands with cannabis-related clients.

Transcanna Management, through its wholly-owned subsidiary TCM Distribution, will handle distribution and transportation services between Licensed Operators and Dispensaries in California.

As at the date of its prospectus it had entered into three exclusive distribution agreements with Licensed Operators, subject to the company obtaining all necessary distribution and transportation licenses and state permits, for the provision of distribution, transportation, marketing and sales services.

The shares are trading at $0.90.

For more information, please visit the company’s website www.transcanna.com, contact James Pakulis, President and CEO, at 604-609-6199 or email info@transcanna.com.


I’m Samantha Deutscher for Investmentpitch Media