TransCanna Ends The Week On A High Note!

 

Cannabis Stocks and where to invest? U.S. or Canadian? 

 

TransCanna is traded on the Canadian and German stock exchange under the symbols CSE: TCAN and XETR:TH8. The company IPO'd on the Canadian Stock Exchange (CSE) @ $0.50 per unit on Jan. 8, 2019 and closed Friday Feb. 1, 2019 at $2.31 on the.

Hemp, CBD or just plain old recreational marijuana -- should investors focus on emerging opportunities with recreational cannabis, or stick with the large, established markets for medicinal and health-based uses?

Although investors in the cannabis sector are in basic agreement with respect to the remarkable future of this emerging industry, that’s where the agreement ends. But as some savvy financial analysts focus on the emerging opportunities within the recreational marijuana sector, others choose to bet on established markets for medicinal cannabis and health-based uses?

An October 2018 Investor Pulse Poll performed by Stockhouse indicated potential investors were remarkably bullish on various sectors of the cannabis industry. Some of the emerging cannabis sectors are cultivation, biopharma, edibles/infusion, clinics and data, capital/financing, and cannabis technology.

Predictably, some cannabis investors in North America are confused when it comes to when or where to invest their cannabis dollars. Should they invest in Canadian-based operations, or invest in U.S.-based operations?

While there is no single right answer to this question, as cannabis operations on both sides of the Border offer different advantages, the biggest advantage offered by investing in Canadian-based cannabis operations is simplicity and certainty.

And one Canadian-based cannabis company that’s poised to profit from this new reality is

TransCanna Holdings Inc.

The company "provides branding, transportation and distribution services through its wholly owned California subsidiaries," according to the company’s CEO Jim Pakulis.

A former CEO of WeedMaps, Pakulis has an extensive background in cultivating successful start-ups and real estate negotiations.

On Friday the company announced they’ve entered into a new option on a 196,000 ft.² California cultivation and distribution facility. In 2019 alone, TransCanna has secured a Temporary Distributor License from the State of California via their affiliation with TCM Distribution, Inc., and has signed a non-binding Letter of Intent to acquire Goodfellas Group, LLC, (“Goodfellas”).