Transcanna Holdings Inc (TCAN)

[MontereyBud]

TransCanna (TCAN.C) lays out growth strategy

TCAN cultivates a five-phase growth strategy, which was presented to TransCanna investors during the company's July 3 conference call.

1.) Acquiring physical assets and increasing scalability
2.) Hiring and retaining the best management staff
3.) Identifying high-quality acquisition targets
4.) Building an internal distribution system
5.) Developing and implementing a proprietary software solution

On the physical-asset front, TransCanna is putting its money where its mouth is.

The company recently acquired a facility in Modesto, California for US$15 million. The 196,000 square-foot processing plant is being transformed into a vertically-integrated cannabis operation.

Modesto gives TransCanna two massive multi-purpose facilities in California. Last year, the company completed a sub-lease of a 10,000 square-foot facility in Adelanto.

Goodfellas’ Simple Farms and Daily Cannabis Goods brands will be developed at either of the two facilities once California approves the transportation and distribution licenses.

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