- TransCanna Holdings (TCAN) has completed the construction of its distribution site and launched third-party distribution services
- The 16,000 sq. ft. facility in Modesto California will provide a full suite of services including production, storage, packaging and transportation
- Contract negotiations for distribution services are underway
- TransCanna Holdings Inc. is a California-based cannabis branding, transportation and distribution company
- TransCanna’s wholly-owned subsidiary Lyfted Farms is California’s authentic cannabis brand
- Transcanna Holdings Inc. (TCAN) opened trading at C$0.76 per share
TransCanna Holdings (TCAN) has completed the construction of an industrial-grade distribution site and launched third-party distribution services.
As part of its Phase 1 Construction project at the 196,000 square foot facility, the company has built out 16,000 square feet of retail-ready product storage space, installed automated, assembly-line style packaging equipment for jar and pouch production, and built out a climate-controlled area that can store 30 tractor-trailer loads of cannabis and 230 pallets positions of -40 degree Fahrenheit freezers for storing live resin and live resin products. A secure loading bay and a small in-house fleet of refrigerated trucks are also in place.
The new site capabilities, coupled with TransCanna’s distribution license, means the company can now service an unmet market need for safe, reliable, compliant storage, distribution and transportation services.
“We continually receive inquiries from producers across California looking for secure, reliable and compliant assistance with storage, merchandising, and transportation of their cannabis products,” said Bob Blink, TransCanna CEO.
“The strength and reputation of our brand has been driving customers to our doorstep, and now we can help them.”
Contract negotiations for distribution services are underway, and the company expects the site to be operating at full capacity when the fall outdoor cannabis harvest approaches.
The new service launch represents great progress in TransCanna’s mission to provide a one-stop-shop of services for the entire California cannabis industry.
Coupled with the facilities’ processor license, the Daly Ave site will provide a full suite of services ranging from climate-controlled storage for drying, curing, trimming, grading, packaging for both retail and wholesale products, secure transportation, and cash collection.
TransCanna Holdings Inc. is building cannabis-focused brands for the California lifestyle, through its wholly-owned California subsidiaries.
TransCanna’s wholly-owned subsidiary Lyfted Farms is California’s authentic cannabis brand providing the finest cannabis flower genetics and cultivation methods. The Lyfted Farms brand of exclusive cannabis flower is sold at premium retailers throughout the state.
With its new cultivation facility in Modesto, California, the company is now poised to become one of the largest and most efficient cannabis companies in the California market.
Transcanna Holdings Inc. (TCAN) opened trading at C$0.76 per share.