TransCanna Gains Value As Market Slips

TransCanna is up 28 percent for the month of March.

After hitting a daily high of $3.51 per unit on Friday, TCAN closed out the week of March 22, 2019, at $3.40 per unit. Traded on the Canadian Securities Exchange (CSE), the company was originally listed on Tuesday, January 8, 2019, at $.50 per unit. 

Through its wholly owned California subsidiaries, the Canadian-based cannabis company provides help with marijuana branding, transportation, and distribution services.

While TCAN’s value is up a respectable 28 percent since March 1, 2019, the company’s stock price has increased a respectable 580 percent since the Initial Public Offering. 

TransCanna Holdings Inc. Stock History

Friday’s Marijuana Stock Trade

The total trade Volume for Friday was 31,335 units, with TD Securities, Hayward Securities, Canaccord Capital Corporation and Pershing Securities Canada Limited making some of the biggest trades of the day.

     Trade Date/Time  Price            Volume         Buyer                          

• Mar 22, 13:58  3.40                 200      JitneyTrade Inc.            
• Mar 22, 13:57  3.40                 500      BMO Nesbitt Burns Inc.  
• Mar 22, 13:52  3.37     -0.03    100      Anonymous                     
• Mar 22, 13:05  3.35     -0.05    300      Anonymous                     
• Mar 22, 13:05  3.35     -0.05    900      RBC Capital Markets     
• Mar 22, 13:05  3.37     -0.03    500      CIBC World Markets Inc.
• Mar 22, 13:04  3.40                 600      TD Securities Inc.            
• Mar 22, 13:04  3.39     -0.01    100      TD Securities Inc.           
• Mar 22, 12:57  3.39     -0.01    100      Anonymous                    
• Mar 22, 12:56  3.39     -0.01    500      Anonymous                    
• Mar 22, 12:44  3.39     -0.01    200      Anonymous                   
• Mar 22, 12:41  3.39     -0.01    300      Anonymous                  
• Mar 22, 12:32  3.39     -0.01    2,300   TD Securities Inc.           
• Mar 22, 12:10  3.36     -0.04    1,500   Anonymous                   
• Mar 22, 11:57  3.39     -0.01    500      Canaccord Corp.            
• Mar 22, 11:31  3.39     -0.01    300      Scotia Capital Inc.         
• Mar 22, 11:20  3.36     -0.04    500      Anonymous                   
• Mar 22, 11:20  3.36     -0.04    1,000   Virtu ITG Canada Corp. 
• Mar 22, 11:20  3.37     -0.03    4,300   Pershing Securities        
• Mar 22, 10:58  3.39     -0.01    100      Scotia Capital Inc.        
• Mar 22, 10:38  3.39     -0.01    1,500   CIBC World Markets Inc.
• Mar 22, 10:12  3.40                 2,200   Haywood Securities Inc. 
• Mar 22, 10:12  3.40                 300      Haywood Securities Inc.
• Mar 22, 10:07  3.40                 200      Scotia Capital Inc.        
• Mar 22, 7:57    3.36     -0.04    500      Instinet Canada Limited  

Transcanna has room to grow

In part, this week's appreciation can be attributed to Transcanna’s March 20 press release.

“The Company has signed definitive closing documents to acquire the land, building and asset package (the “Property”) which includes an existing 196,000 square foot facility on 5.5 acres of land as well as cannabis packaging and processing equipment. The California cultivation facility has undergone major renovations over the past two years and has created specific divisions for nursery, cultivation, manufacturing, extracting, bottling, remediation, and transportation & distribution.”

According to the company's CEO Jim Pakulis, "Acquiring arguably the largest vertically integrated cannabis centric three‐story multi‐purpose facility in California reinforces  our  strategy to  be  fully self‐contained  in our ecosystem.  We also have an  additional 5 acres in the green zone adjacent to the facility to build up to 600,000 sq. ft. grow facility to supply our own biomass for the brands we acquire or create.

Marijuana is currently legal in South Africa, Spain, Peru, Uruguay and Canada. And according to a 2018 Pew Research Ctr. Poll, 62% of Americans support marijuana legalization. As such, spending on legal marijuana products globally is anticipated to hit $57 billion in just 10 short years, according to Arcview Market Research and BDS Analytics.