Transcanna Holdings Inc (TCAN)

[MontereyBud]

TransCanna Signs LOI To Lease Adelanto Facility

Transcanna Holdings Inc. is pleased to announce the execution of an LOI to lease a new 15,000 square foot facility currently under construction with a completion date of April 30th in Adelanto, CA.

This multi-faceted facility is intended to be one of four strategically located satellite facilities located throughout California. The Adelanto facility will serve the densely populated southern California marketplace with industrial scale production, distribution and transportation capabilities.

In compliance with to the non-binding letter of intent, the lease on the Adelanto facility will have a five year term at a monthly leasing rate of $225.00 per sq. ft., beginning in May, 2019.

Per the CEO of TransCanna, Jim Pakulis “Our mandate is to build and operate a high margin enterprise by owning our own branded products, and control all aspects in the ecosystem. Being in escrow for one of the largest vertically integrated, cannabis focused facilities in the US, which will serve as our hub, and now with an LOI on a satellite facility puts us squarely in the center to deliver on our mandate.”

Marijuana and Due Diligence

Over the past twelve months the company’s third party mergers and acquisitions firm has contacted over six hundred licensed California cannabis entities on behalf of the Company. Consequently, the Company has performed due diligence on sixty licensed, branded entities. Due to its strict acquisition metrics, it is currently pursuing advanced due diligence on only four of those entities.

TransCanna on Facebook

After missing out on the Feb. 15th conference call with the company, I reached out to TransCanna via Facebook with a message to see what I missed.

Here is what I learned: The CEO provided a brief summary of the company's activities and acquisitions since $TCAN was first traded earlier this year.

TransCanna Udate

1. TransCanna IPOs on the CSE on Jan. 8 2019 at $0.50 per unit (share)
2. Transcanna receives state of California temporary distributor license.
3. TransCanna Receives Approval To Begin Trading On The Frankfurt Stock Exchange
4. TransCanna Retains Purple Crown Communications For Investor Relations Services
5. TransCanna Signs LOI To Acquire Goodfellas Group, LLC
6. TransCanna Enters Into Option To Acquire 196,000 Square Foot, Fully Enclosed Cannabis Facility
7. GoodFellas Acquisition Tol Include Proprietary Brand called Simple
8. TransCanna Announces The Completion of 420 Global
9. TransCanna Announces $10.0 M Brokered Private Placement
10. TransCanna Signs LOI To Lease Manufacturing & Logistics Facility in Southern California

Note: TransCanna is traded under the ticker symbol of TCAN on the CSE and TH8 on XETR