Transcanna Holdings Inc (TCAN)

[MontereyBud]

TransCanna Holdings Inc. (CSE trading symbol TCAN) on Thursday, January 17 2019, closed at $1.07 per unit. TCAN completed its initial public offering (IPO) and was listed on the Canadian stock exchange (CSE) on Tuesday, January 8, 2019 for $0.50 per unit. A driving primary goal for TransCanna is to help regulate and manage all aspects of the cannabis supply chain, from upper end procurement, branding, transportation and distribution, to marketing and sales.

Note: Each unit is comprised of one TransCanna common share and one common share purchase warrant. Each warrant entitles the holder to acquire one additional share at an exercise price of $1 per share until January 8, 2020, under the condition that if the price of the shares on the Canadian Securities Exchange ("CSE") closes at or above $1.50 for a period of 10 consecutive trading days, the company may accelerate the term of the warrants to a period of 30 days through issuing written notice to the warrant holders.

As of Jan. 14 2019, TransCanna 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, has arranged to manage the distribution and transportation services between Licensed Operators and Dispensaries in California. Additionally, TransCanna has already entered into an Intellectual Property Rights and Royalty Agreement for the Track & Trace software platform required by the state of California and has received a transportation and distribution permit from the city of Adelanto, California.