News Alert: Transcanna Holdings | Phase 1 Expansion Underway

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TransCanna Holdings is growing rapidly! The company is currently scaling to leverage its vertically integrated facility in Modesto California. Funding and licensing are secured and phase one of four of the expansion is currently underway. The facility will be one of the largest in the State with access to over 39 million residents and 240 million visitors per year.

Due to the facility’s enormous size, the build out will take place in four phases over a 14-month period, in order to control costs and ensure quality. Each phase will be approximately 50,000 square feet, with phases 1 and 2 focusing on the highest margin areas; manufacturing and distribution. Also, each phase will be operational upon completion to generate cash flow and allow management to appropriately scale the workforce and overall operations.

TransCanna Holdings Inc. (CSE: TCAN, XETR: TH8)

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