Transcanna Holdings Inc (TCAN)

[MontereyBud]

TransCanna Up 446 percent Since Jan 8th IPO

TransCanna, A.K.A. TransCanna Holdings Inc. or $TCAN, closed Friday on the Canadian Stock Exchange (CSE) at $2.73 per unit (share). The company IPO'd on Jan 8, 2019 at $0.50 per unit and its stock value has increased roughly 446 percent since being listed on the CSE.

Meanwhile, North America’s legal marijuana market looks vigorous as we approach 4.20, 2019. In three independent reports on the worldwide cannabis market, Arcview / BDS, Cowen, Inc., and Grand View Research, Inc. were extremely bullish on the cannabis sector.

*Arcview / BDS noted in their published report, The State of Legal Marijuana Markets, spending on legal cannabis is anticipated to reach roughly $57 billion worldwide by 2027.

* Cowen, Inc., a financial services and research firm covering the cannabis industry, is much more bullish on sales in this space and has revised its forecast for gross cannabis sales in the U.S. alone from $50 billion by 2026 to around $75 billion in gross sales by 2030.

*Grand View Research Inc. forecasts the global legal marijuana market will generate $146.4 billion in sales by the end of 2025.

Conversely –the legal sale of recreational marijuana in the United States topped out at just over $8 billion dollars in 2018, according to a report by GreenWave Advisers.

In other words, there’s still a lot of opportunity for growth within the marijuana sector. Particularly for those companies that focus on streamlining transportation and distribution in California’s marijuana marketplace.