Halo Collective Inc (HCANF)

[Scumbag Fraudsters]

TransCanna opening new growing/processing facility in CA


Their production costs may be significantly higher than Bar X's, but it's still thousands of pounds of additional product entering the California cannabis stream.

February, 20, 2021

California Grants Cannabis Cultivation License to TransCanna

Phase One expected to generate up to CAD$ 28,000,000 to $32,000,000 additional annual Revenues

The State of California has granted a cultivation license to Lyfted Farms - a TransCanna wholly owned subsidiary - for its flagship Daly facility in Modesto, California. Bob Blink, TransCanna CEO states "Such cultivation licenses in the region are notoriously difficult to obtain. Current applications are back-logged and not even being considered for processing by the county until the end of 2021."

For TransCanna, the license represents a major milestone achievement in its endeavors to be California's leading fully integrated cannabis cultivator, processor, manufacturer, wholesaler and distributor.

"Obtaining this license is a significant turning point for TransCanna and opens up the door to the explosive growth we've been positioning ourselves for," said Bob Blink. "Demand has been consistently outstripping supply for our exotic indoor cannabis strains, and now with this new massive facility receiving approval for cultivation, we can finally meet that demand and continue to scale. This will make us one of the largest licensed facilities of its kind in the State of California."

Once construction is complete, on or around April 15, 2021, the company will boast the following cultivation, distribution, and processing capabilities at its flagship Daly Facility:

Cultivation

Five (5) 4,500 sq. ft. grow rooms
Each new cultivation room is expected to add an additional $12-$14M CAD
The incremental gain of 500 lights represents a 330% increase over current capacity
Each room will be outfitted with a minimum of 100 lights.
The first completed cultivation room planned to have plants under lights by March 15, 2021

Distribution

Robust distribution infrastructure with secured loading and unloading of vans
Climate controlled storage facilities that can accommodate 100 acres of harvested product, cured bulk product, and more than 100 pallet positions for finished goods
Aggregation of the company's crop management products
Finished goods from multiple brands and partners for efficient logistics between the Northern and Southern California markets
Revenue is expected to commence in March and to achieve an annualized run rate of $8-10M CAD

Processing

Curing, grading, and packaging of cannabis flower from compliant 3rd party farms
Provides the operational basis to execute a comprehensive white-label/co-packaging and brand creation center to fill lower price point market segments
Revenue is expected to begin in March and to achieve an annualized run rate of $8-10M CAD
State Processing License expected by March 15th, 2021