TransCanna, A.K.A. TransCanna Holdings Inc. or $TCAN, closed Friday on the Canadian Stock Exchange (CSE) at $2.73 per unit (share).
The company IPO'd on Jan 8, 2019 at $0.50 per unit and its stock value has increased roughly 446 percent since being listed on the CSE.
Meanwhile, North America’s legal marijuana market looks vigorous as we approach 4.20, 2019. In three independent reports on the worldwide cannabis market, Arcview / BDS, Cowen Inc., and Grand View Research Inc. were extremely bullish on the cannabis sector.
- Arcview / BDS noted in their published report, The State of Legal Marijuana Markets, spending on legal cannabis is anticipated to reach roughly $57 billion worldwide by 2027.
- Cowen Inc., a financial services and research firm covering the cannabis industry, is much more bullish on sales in this space and has revised its forecast for gross cannabis sales in the U.S. alone from $50 billion by 2026 to around $75 billion in gross sales by 2030.
- Grand View Research Inc. forecasts the global legal marijuana market will generate $146.4 billion in sales by the end of 2025.
Conversely –the legal sale of recreational marijuana in the United States topped out at just over $8 billion dollars in 2018, according to a report by GreenWave Advisers.
In other words, there’s still a lot of opportunity for growth within the marijuana sector. Particularly for those companies that focus on streamlining transportation and distribution in California’s marijuana marketplace.
Transporting & distributing #cannabis products in Cali is extremely challenging due to municipal laws, state laws & regulations. Our approach to T&D is creating a unified network that includes at least five strategic facilities throughout the state. https://t.co/GjBGLG0PVu $TCAN pic.twitter.com/40qP9A2kCM— TransCanna (@TransCanna) February 8, 2019
TransCanna Cultivates 420 Global
Rolled out on Feb 14, 2019 via Twitter, 420 Global integrates the company's proprietary Warehouse Management System (WMS) with METRC Californin's Cannabis Track and Trace (CCTT) system – making the company fully compliant.
Press Release February 14, 2019 @TransCanna (CSE:TCAN: XETR: TH8) pleased to announce that it has completed phase I of its proprietary software platform called “420 Global”. https://t.co/fWdlBWRHDh #CannabisNews #CannabisCommunity #PressRelease pic.twitter.com/di23BwA33V— TransCanna (@TransCanna) February 14, 2019
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