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TransCanna (CSE:TCAN) harvests first crop management site

Cannabis
CSE:TCAN
21 December 2021 14:00 (EDT)

Source: TransCanna

TransCanna Holdings (TCAN) has harvested its first crop management site – a greenhouse in Wesley, California.

TransCanna’s wholly-owned subsidiary Lyfted Farms began cultivation on the crop in September and harvested Friday, December 17th, 2021.

The harvest includes six strains and is expected to yield approximately 200 pounds of flower. In addition to providing the genetics, and cultivating and harvesting the crop, Lyfted Farms will also be curing, storing, packaging and distributing it on behalf of the client, Central Valley Farms.

Bob Blink, CEO of TransCanna commented on the successful first harvest.

“This first successful third-party crop perfectly showcases our capabilities of truly being a ‘one-stop-shop’ for the California cannabis industry. We are truly managing the process from seed to sale.”

The company, in partnership with 365 CannaFarms, consulted the client on the construction of the state-of-the-art, computer-controlled greenhouse prior to producing its inaugural crop.

“This first harvest from our true light-deprivation greenhouse has turned out beautifully, and the product quality reflects the tremendous abilities of our greenhouse partners, 365 CannaFarms, who are known throughout the region as one of the best greenhouse growers/operators in California,” said Mr. Blink.

The client, Central Valley Growers, is a family-run company with over 25 years of history in traditional agriculture that had sought out Lyfted Farms specifically for its potent, premium genetic strains. The contract began this summer and involved advising on the construction of a 22,000 square foot, fully automated light deprivation glass greenhouse with computer-controlled light curtains, cooling, heating and humidity systems.

This year, TransCanna has successfully launched cultivation, third-party crop management, cold storage, and processing and distribution services out of its massive new 196,000 square foot Daly Facility in Modesto California. The company expects to build out these capabilities throughout 2022.

TransCanna Holdings Inc. is a California-based, Canadian-listed company building cannabis-focused brands for the California lifestyle, through its wholly-owned California subsidiaries.

Transcanna Holdings Inc. (TCAN) is up 2.13 per cent on the day, trading at C$0.48 per share at 2 pm EST.

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