Transcanna Holdings Inc (TCAN)

[MontereyBud]

Saturday, January 26, 2019: TransCanna Holdings Inc. Ends Trading Week On High Note

TransCanna, A.K.A. $TCAN on the CSE, has signed 20+ exclusive branding agreements since 2017 with industry leaders and has plans to lease or acquire strategically located cannabis distribution facilities in California. They IPO'd at $0.50 per unit on Jan 8, 2019 and hit $1.92 per unit on Friday Jan 25.

But not all marijuana stocks will cultivate a substantial ROI in 2019.

While some traders in the cannabis sector witnessed sweet returns on their investment for 2018, others watched as their stock values plunged during the second half of the year.

As North America’s legal marijuana sector anticipated Canada’s entrance into the market, the cannabis industry and some related marijuana stocks enjoyed an incredibly profitable year. And when October’s startling sell off sent the market skidding into 2019, some of the weaker cannabis stocks witnessed much of their value go up in smoke.

The North American Marijuana Index, which tracks 46 leading cannabis stocks in the U.S. and Canada, fell to $192.78 Monday, December 24, 2018, and has since rallied back – closing Friday at $271.70.

According to Arcview Market Research and BDS Analytics, worldwide spending on legal marijuana is anticipated to grow 230 percent to $32 billion in 2022 as compared to $9.5 in 2017.

The data compiled by Arcview /BDS research indicates a majority of that consumer interest, nearly $23.4 billion, will come from the United States.