CAN: Canadian company pursuing development of cannabis marketplace

TransCanna Holdings is a Canadian company engaged in developing, integrating, scaling and channelizing cannabis- and hemp-related marketing activities in a closed-loop ecosystem. 

Recently, TransCanna successfully closed its second round of private placement funding since its IPO on January 9, 2019, which fetched the company gross aggregate proceeds of C$10 million. "The proceeds of this funding are being used for acquiring equipment and developing our existing 196,000 sq. ft cannabis unit in Modesto, Stanislaus County, California. The proceeds will also be used for additional acquisitions," the team with the company explains. 

In addition, TransCanna has appointed Alan R. Applonie as the general manager of its Modesto facility. "The appointment was made after screening of top-tier talent from the industry for a period of six months," they say. "Applonie most recently oversaw a major consumer goods facility that generated approximately $300 million in annual gross revenues. He will be overseeing all of the manufacturing and related activities at the 196,000 sq. ft hub, as well as other units being acquired in Stanislaus County."

For more information:
TransCanna Holdings
Suite 820-1130 West Pender St.
Vancouver, British Columbia, V6E 4A4
(604)-609-6199
info@transcanna.com  
transcanna.com    


Publication date:



Receive the daily newsletter in your email for free | Click here


Other news in this sector:


© MMJDaily.com 2019

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber