Transcanna Holdings Inc (TCAN)

[MontereyBud]

TransCanna Signs Definitive Acquisition Documents for 196,000 Sq Ft, Fully Enclosed Cannabis Facility

Transcanna Holdings Inc. CSE:TCAN: XETR: TH8) (“TransCanna” or the “Company”) is pleased to announce that the Company has signed definitive closing documents to acquire the land, building and asset package (the “Property”) which includes an existing 196,000 square foot facility on 5.5 acres of land as well as cannabis packaging and processing equipment. As referenced in the Company’s February 4th, 2019 press release, the facility has undergone major renovations over the past twenty-four months which has created specific divisions for nursery, cultivation, manufacturing, extracting, bottling, remediation, and transportation & distribution. The total cost for the renovations was US$8 million.

TCAN's CEO Jim Pakulis noted, “acquiring arguably the largest vertically integrated cannabis centric three-storey multi-purpose facility in California reinforces our strategy to be fully self-contained in our ecosystem.