TransCanna Holdings Inc.
TCNAF
Other OTC0.00
USD
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TransCanna Holdings Inc.
TCNAF
(Other OTC)
Recent
price
0.00
P/E
ratio
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div
yld
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ROIC.AI
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- Business
- TransCanna Holdings Inc. (CSE:TCAN) operates as a vertically integrated provider of cannabis-focused branding, transportation, distribution, logistics, and fulfillment services to the medical and adult-use cannabis industry in California. The company, through its wholly-owned subsidiary Lyfted Farms Inc., cultivates, manufactures, processes, and wholesales cannabis products including premium flower strains such as Nump's Garlic Noodles, which features proprietary genetics; it also offers storage, packaging, trimming services via partnerships like Loud Buddha, and distribution to over 100 retail locations serving more than 39 million residents and 240 million annual visitors. Founded in 2017 and headquartered in West Vancouver, British Columbia, Canada, at 2489 Bellevue Avenue, TransCanna maintains its primary 196,000 square foot facility in Modesto, California, with additional operations in Daly, California, targeting licensed cultivators, processors, dispensaries, and consumers in the state's $9 billion cannabis market. Recent developments include the December 2023 closing of a loan upsize amending its prior US$15.8 million debt financing from Pelorus Equity Group, originally secured in 2022 to refinance and expand the Modesto facility for enhanced cultivation and production scale; a February 2023 Deed in Lieu of Foreclosure agreement with Pelorus Fund REIT involving subsidiary Dalvi LLC and Lyfted Farms; an October 2023 board change with the resignation of Joshua Baker; and a 2022 up-to-$9.5 million convertible debenture financing from Alpha Blue Ocean to support growth initiatives. These financings and restructuring efforts enable TransCanna to sustain its closed-loop ecosystem from seed to sale, emphasizing consistency, reliability, and expansion amid regulatory and market challenges in California's competitive cannabis sector.
TransCanna Holdings Inc. Announces Closing of Loan Upsize
TransCanna Announces Board Change
TransCanna Holdings Inc. Announces Closing of Previously Announced Transactions and Provides Update
Watch Now! TransCanna Daly Facility Video Tour
Modesto Tourism Campaign Shines Spotlight on TransCanna's Lyfted Farms
TransCanna Achieves Major Milestone: Completes Phase 1 Construction at Daly Facility
TransCanna Partners with Green Rocket Design and Technology for Expansion into the Southern California Cannabis Market