TCAN Up Over 370 Percent Since IPO, TransCanna Announces Feb. 19 Conference Call

TransCanna Holdings Inc. ($TCAN) Is Up 374% Since January IPO. 

North American cannabis stocks, like TransCanna Holdings Inc. ($TCAN), caught the attention of savvy investors early this year when the company successfully completed its initial public offering (IPO). 

The company rolled out its IPO of 4,400,000 shares (a.k.a. units) on Jan 8, 2019, on the Canadian Stock Exchange (CSE) at $.50 per unit, according to MarketWatch.

... and on Friday, February 15, the company closed at $2.37 per share on the CSE. 

FYI, the Canadian based company provides California’s small-cap cannabis companies assistance with branding, transportation, and distribution in the highly competitive sector.

Similar to other publicly traded stocks and funds, TCAN's stock value has vacillated since the IPO, but as the CSE closed on Friday, TCAN was up roughly 374 percent since their  Initial Public Offering in January. 

While some cannabis stocks have gained value based on pure market speculation, asset acquisition and strategic licensing have fueled TransCanna’s noteworthy increase in value for the first two months of 2019.

TransCanna’s Early Growth For 2019 

• On January 18, 2019, TransCanna received a temporary distribution license from the state of California. 
• On January 21, 2019, TransCanna was approved for trading on the Frankfurt Stock Exchange: XETR: TH8
• On January 23, 2019, TransCanna signed a Letter of Intent (LOI) to purchase Goodfellas Group LLC.
• On February 4, 2019, TransCanna's CEO, Jim Pakulis, announced the company accepted the assignment of a real estate purchase "Option Agreement" to acquire 6.5 acres of land and an existing 196,000 ft.² facility. 
• On February 14, 2019, TransCanna announced the completion of 420 Global: A Warehouse Management System (WMS) with a Cannabis Track‐and‐Trace (CCTT) component, 420 Global will facilitate the company's full compliance with the state's governing rules and regulations.
• On Tuesday, February 19, 2019, TransCanna will host a corporate conference call at approximately 1:15 pm. The conference call will update investors on TransCanna's activities and acquisitions over the first two months 2019, in addition to articulating the future vision and opportunities the company is currently pursuing.

TransCanna Announces Feb. 19 Conference Call

Although some are hoping that TransCanna will announce the company will soon be listed on the OTCBQ - a.k.a. the US over-the-counter stock market - I wouldn't hold our collective breath just yet.

To participate in TransCanna's conference call on Feb. 19 at 1:15 pm, just call one of the two numbers below:

• Canada/USA Toll Free: 1-800-319-4610 
• International Call-In: +1-604-638-5340 

Callers should dial in 5 – 10 min prior to the scheduled start time and simply ask to join the call. 

Call conference reference No.: 10006275

Note: For those that can't make the conference call, check back here for a summary on Wed, Feb. 20, 2019.