Are Cannabis Stocks The Next Investment Opportunity?

$TCAN: This Cannabis Stock Could Be Like Buying Apple (AAPL) For $22 A Share

Note: For those of you who didn’t invest, say, $220 in Apple’s initial public offering (IPO) back on December 12, 1980, wanna hear something really depressing? If you had purchased 10 shares of Apple at the company's IPO price of $22, you’d have earned roughly $38,000 as of February 8, 2019. 

While you may have missed out on AAPL, you can still score with $TCAN!

A Canadian-based cannabis branding company, TransCanna Holdings Inc. specializes in assisting California’s marijuana companies with obtaining customer brand recognition, distribution and marketing. 

On February 1st, Transcanna accepted an assignment of a real estate option agreement (“Option Agreement”) from its CEO, Jim Pakulis, to acquire land, a building and all assets, which includes the existing 196,000 square foot facility on 6.5 acres of land. The purchase price for the Property includes cannabis packaging and processing equipment, according to Globe Newswire.

On January 18, 2019, the company announced, “TCM Distribution, Inc. (“TCMD”), a non-profit entity managed by TransCanna Holdings Inc., had received its temporary distributor license from the state of California.” The press release also noted that TCMD submitted its “permanent distribution license application to the state of California on December 31, 2018.”

Additionally, the company announced they’ve received approval for trading on the Frankfurt stock exchange (XETR:TH8); have retained Purple Crown Communications for Investor Relations Services; have signed a LOI with Goodfellas Group; and will be operating out of facilities located in North San Diego, Culver City, Los Angeles, Sacramento and
Adelanto, California.

And some savvy investors think this could be a critical component to profiting off the upcoming marijuana market.

While 2018 closed with a disappointing fourth quarter that saw numerous cannabis related stocks take a hit in value -- TransCanna’s stock price has risen by more than 200% since it’s initial public offering on the Canadian Stock Exchange on Tuesday, January 8, 2019. 

Facts to consider:

• Marijuana legalization and initiatives swept the US last year
• President Donald Trump signed the Farm Bill into law in December of last year which legalized industrial hemp cultivation
• Michigan became the 10^th state to legalize recreational marijuana during last year’s midterm elections
• Utah and Missouri both past medical marijuana legislation
• Recreational marijuana is now legal in 10 states
• Medical marijuana is legal in 33