Groundbreaking success for the emerging cannabis company
Canadian Securities Exchange: TCAN
Börse Frankfurt: TH8
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Vancouver, British Columbia, 20. February 2021 – TransCanna Holdings Inc. (CSE: TCAN: XETR: TH8) („TransCanna“Or the” company “) is happy to announce that the company has been granted a highly coveted cultivation license by the State of California, which will enable the company to expand its growing capabilities almost immediately start up can.
The state of California has Lyfted Farms, a wholly owned subsidiary of TransCanna, granted a cultivation license for their flagship Daly facility in Modesto, California. Bob Blink, CEO of TransCanna, says: „It is BObviously difficult to get a cultivation license in this region.
The current requests are in arrears and your Machining becomes vom County not considered before the end of 2021. “
The license represents TransCanna represent an important milestone in his endeavor to become to California leading fully integrated cannabis cultivation, processing, manufacturing, wholesale and distribution company.
The demand for our exotic indoor cannabis strains exceeds resistant the Supply and now that this huge new facility has been approved for cultivation, we can finally meet this demand and continue our expansion. This will make us one of the largest licensed facilities of its kind in the state of California. “
Besides the cultivation can TransCanna with the new Daly plant also expand its product range and its dominant position in the Californian Cannabis-Establish supply chain.
The Daly plant will als anchor for the othern TransCanna– serve as a supply chain hub for third party companies across Northern California and provide them with secure storage, Concentrate production, Wholesale marketing, white label service and provide state-wide distribution.
Before receiving of the An building license, the plant received its sales license in June 2020. Next wait TransCanna now with excitement the issuance of the Processing license (approval from the State of California expected in mid to late March)with which the company obtained approval for drying, the Hardening, Get the cutting, sorting and packaging of cannabis on site. In addition to the time and cost savings for house brands through on-site processing, this opens up TransCanna with the processing license also new sources of income, gives it offers services to external growersn can.
The California cannabis market has ein sales of $ 5 billion and growing, and we are well on the way to becoming the epicenter of the entire California supply chain with our cultivation, processing, wholesale and distribution branches, ”explains TransCanna-CEO Bob Blink.
TransCanna Holdings Inc. is a Canada-listed company based in California, USA, that develops cannabis brands for the California lifestyle through its wholly-owned California subsidiaries.
The wholly owned subsidiary of TransCanna, Lyfted Farms, is California’s authentic cannabis brand that has been pioneering continuously since 1984 the best cannabis flower genes and die best cultivation methods offert.
The exclusive cannabis flowers of the brand Lyfted Farms are across California at high quality Singleändlern available. With its new grow facility in Daly, California, the company is now positioned to become one of the largest and most efficient vertically integrated cannabis companies in the California market.
Current information about our Company you get in ouren Company’s disclosure records on SEDAR (www.sedar.com) or the website of the CSE (www.thecse.com).
Certain information in this press release may contain forward-looking statements, such as statements about future expansion and cost savings, as well as plans to increase production and financing. This information is based on current expectations and assumptions, including assumptions regarding the completion of the Daly facility expansion, government approval of a pro-cannabis policy, better access to financial services and increased growing capacity, which are subject to significant risks and uncertainties that are severe are to be predicted. Actual results could differ materially from the results implied in the forward-looking statements. Risks that could cause results to differ from those set forth in the forward-looking statements in this release include unexpected increases in operating costs, continued exposure to farmers from fire and the coronavirus pandemic, and competition from other retailers . All forward-looking statements contained in this release, including any financial projections or forward-looking financial information, speak only as of the date of this release and serve the purpose of providing information about management’s current expectations and plans for the future.
The company assumes no obligation to update the forward-looking statements or update the reasons why actual results may differ from those reflected in the forward-looking statements, unless and until this is required by the securities laws applicable to the company. Additional information highlighting risks and uncertainties is contained in filings the company has filed with the Canadian Securities and Exchange Commission.
The se documents are under www.sedar.com available.
The Canadian Securities Exchange (the “CSE”) and its regulatory bodies (referred to as the “Regulation Services Provider” in the CSE’s articles of association) assume no responsibility for the adequacy or accuracy of this release.
The German version can be shortened or summarized. No responsibility or liability is assumed for the content, correctness, appropriateness or accuracy of this translation. From the perspective of the translator, the message does not constitute a buy or sell recommendation! Please note the original English message on www.sedar.com, www.sec.gov, www.asx.com.au/ or on the company website!