- TransCanna Holdings (TCAN) has onboarded its first client for third-party cold storage, Kase Manufacturing
- Kase will rent part of the company’s 4,400 sq. ft. freezer for its fresh-frozen cannabis biomass for a period of 12 months
- The cold storage business will appeal to producers of live resin, which can only be manufactured by flash freezing living plants
- TransCanna builds cannabis-focused brands for the California lifestyle
- TransCanna (TCAN) closed unchanged trading at $0.75 per share
TransCanna Holdings (TCAN) has onboarded its first client for third-party cold storage, Kase Manufacturing.
Kase Manufacturing operates a premium cannabis extraction facility serving a diversified portfolio of successful cannabis brands.
Kase will rent part of the company’s 4,400 sq. ft. freezer for its fresh-frozen cannabis biomass.
The sub-40 degree Fahrenheit freezer is the size of a five-bedroom house and the largest of its kind in northern California.
The 12-month lease agreement, signed with TransCanna subsidiary Lyfted Farms, comes with an automatic option to renew for another 12 months.
TransCanna’s cold storage business will appeal to producers of live resin, which can only be manufactured by flash freezing living plants. Typically sold in vape cartridges, live resin is of the highest-quality forms of cannabis concentrates and one of the fastest-growing segments in the industry.
Bob Blink, TransCanna’s CEO, stated,
“Effective cold storage is a crucial component of the production of live resin concentrate cannabis products, and we are excited to begin servicing this emerging segment of the cannabis industry. A freezer of this size and temperature typically costs about $2M – making the barrier to entry to the resin market challenging for many manufacturers.
We are committed to servicing third-party resin manufacturers throughout California in many ways, such as offering them premium flower for use as a raw material, as well as processing, storage and distribution services.
I have had a close personal relationship with the innovators at Kase for years and I look forward to doing great business with them for many years to come.”
TransCanna builds cannabis-focused brands for the California lifestyle.
TransCanna (TCAN) closed unchanged trading at $0.75 per share.