TransCanna's unique self-contained ecosystem will lead the industry forward in California.
In the below YouTube video tour of TransCanna’s new 196,000 sq. ft.² facility viewers will enjoy a brief preview at the future of the cannabis industry. While most of todays cultivation sites are restored greenhouses or converted industrial spaces, this complex was recently renovated to meet USDA food standards – and was purchased with cannabis processing and packaging equipment valued at over $2 million.
With their recent purchase, the company acquired much more than just a cultivation facility, according to Chad Swan. Swan is the VP & GM of Cold Storage Manufacturing and sold the facility to TransCanna (TCAN) early this year. Mr. Swan has specialized in building USDA food grade facilities throughout the United States for the past several years.
Swan notes the cultivation facility purchased by TransCanna -- which utilizes a sophisticated triple redundant air conditioning system rather that AC -- “is one of a kind.” He went on to say “there is not another one like it in the world.”
And Swan believes “It’s just a matter of time before the USDA (United States Department of Agriculture) and the feds realize that this is a food consumable item and needs to be treated in that fashion.” Mr. Swan, also a shareholder in TransCanna said “ they’re ahead of most of the other facilities that aren’t building to that standard.”
And Swan believes “It’s just a matter of time before the USDA (United States Department of Agriculture) and the feds realize that this is a food consumable item and needs to be treated in that fashion.” Mr. Swan, also a shareholder in TransCanna said “ they’re ahead of most of the other facilities that aren’t building to that standard.”
TransCanna Receives 3rd Party Business Valuation of US$50‐$75million Range for Facility Acquisition
( TCAN's CEO Jim Pakulis talks about the unique nature of their new facility.)
In other words, TransCanna will be able to facilitate their strain-diverse nursery, state-of-the-art cultivation rooms, extraction lab, on-site testing facility, packaging, bottling and transportation from one secure facility.
According to TransCanna’s CEO Jim Pakulis, the company purchased the property at a 79 percent discount to market value.
Looking forward, past federal legalization, Swan believes “most of the people that are building their facilities are not building it to food grade standards." And when this changes due to federal acceptance, "everything they've done they're gonna have to redo," according to Swan.
