Transcanna Holdings im Aufbruch
"In 2020 our focus and top priority for the Company was to lay the groundwork for expansion," said Alan Applonie, general Manager for TransCanna. "Significant resources and attention were dedicated towards capital improvements to the Company's existing facility at Jerusalem Court in Modesto, California, and to its new 196,000 square foot Daly Facility. There were significant revenues in the year, however, they were offset by overhead and capital improvements needed to better position the company for growth in 2021."
First plants went into Daly on May 15, 2021, and are due for harvest in August 2021. Phase 1 construction includes the build out of five equally sized cultivation rooms that could produce $4M in revenue each annually. In addition to the cultivation rooms, Phase 1 involves the construction of a 16,000 square foot distribution and inventory room and a 12,000 square foot packing facility which will create additional revenue streams.
"The Company is in the best position it's ever been," said Mr. Blink. "Expenses have been trimmed, and productivity is up. Most importantly, I'm incredibly proud of the entire team for working so hard and keeping morale so high during a key transitional year for the Company and an uncertain time for the world during COVID-19."
The Audited Financial Statements and MD&A are public documents, freely available for reading on SEDAR (sedar.com).
MCTO Update
The Company was issued a Management Cease Trade Order ("MCTO") on April 1, 2021 in connection with the delay in the filing of the Audited Financial Statements, which were originally due March 31, 2021. The Company explained that the delay was due to turnover of key personnel and the British Columbia Securities Commission granted a filing extension to May 31, 2021. TransCanna will remain subject to the MCTO until it has filed the 1st quarter Interim Financial Statements and Management Discussion & Analysis for the quarter ended February 28, 2021, which the Company intends to file by June 3rd, 2021.
Ich würde sagen, es spricht doch derzeit einiges dafür, dass man hier ab Q3 endlich anfangen wird, etwas Geld zu verdienen. Wird auch langsam Zeit. Das sollte sich dann auch im Kurs zeigen. Also brauchen wir noch ein paar Monate Geduld. Ist zwar nervig, aber so ist es halt. Die meisten Risiken sind hoffentlich bereits eingepreist.
Das der Kurs noch soweit runter geprügelt wird, anders kann es nicht nennen, hätte ich nie für möglich gehalten!
Hauptverantwortlich dafür ist die sehr verzögerliche Unternehmensführung. Wenn man bedenkt welche Kurse mit welche Daten wir hatten, dann wäre nun ein Kurs von über 2 mehr als gerechtfertigt.
Anfragen werden seitens Transcanna überhaupt nicht mehr beantwortet.
Trotz alledem, werden wir hier noch reichlich Ernte einfahren, dann werden wir über die Kurse der Letzten 3 Monate lachen!
Anmerkung: Man sollte nie auf irdendwelche tollen Kursfantasien, in all diesen Foren, hören und sich selber ein Bild machen und alles abwägen! Es sollte immer nur ein Anreiz zum Nachdenken sein!
posted on Jun 29, 2021 09:00AM
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Upon Completion Phase 1 is Projected to Generate $27M USD Gross Sales Annually
Vancouver, British Columbia--(June 29, 2021) - TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) (the "Company") is pleased to announce that the first phase of construction at the Company's new Daly facility is just two weeks from completion, with plants in its first cultivation room already underway.
To date, the Company has completed the build-out of a 4,481 square foot cultivation room containing 112 lights, a general distribution area, and a processing room. Initial planting was completed in the first of five cultivation rooms in May. The remaining four cultivation rooms will be operational on or about July 14, with each room planned to harvest at least once this fiscal year.
"This is our most critical phase as it will empower us towards our goal to become operationally cash-flow positive within the year," said Bob Blink, TransCanna CEO.
In total, the five rooms will produce approximately 4,800 lbs of harvest annually, generating a potential of over $15M USD in gross sales each year. The Company is confident that the incremental cultivation capacity of these rooms can create cash-flow positive operating results in the current fiscal year.
Phase 1 construction also includes industrial scale distribution and processing build-outs that will enable TransCanna to provide processing, packaging, storage, distribution and transporting services to third-party growers. The Company intends to generate additional revenue streams of over $1M USD per month from services to third-party farms.
Facilities completed in Daly Phase 1 construction include 8,000 square feet of processing space for drying, curing and semi-automated trimming; a 6,000 square foot packaging area with space for automated scaling, pouching, and sealing activities; 11,000 square feet of climate controlled storage space for bulk and retail-ready finished goods; and 7,000 square feet of secure, enclosed transportation vehicle loading bay area.
The Company reasonably expects the combined cultivation, processing, packaging and distribution activities made possible by Phase 1 construction to potentially generate $27M USD annually.
Throughout Phase 1, the Company continued to maximize output at its Jerusalem facility, which generated $5.3M USD in revenue from its cultivation, distribution and nursery activities in 2020. TransCanna fully intends to maintain all business activities at Jerusalem and has been using the facility for training key team members in preparation for the roll-out at Daly.
About TransCanna
TransCanna Holdings Inc. is a California-based, Canadian-listed company building cannabis-focused brands for the California lifestyle, through its wholly-owned California subsidiaries.
TransCanna's wholly owned subsidiary Lyfted Farms is California's authentic cannabis brand whose pioneering spirit has been continuously providing the finest cannabis flower genetics and cultivation methods since 1984. The Lyfted Farms brand of exclusive cannabis flower is sold at premium retailers throughout the state. With its new cultivation facility in Modesto, California, the company is now poised to become one of the largest and most efficient vertically integrated cannabis companies in the California market.
For updated information with respect to our company, please see our filings on SEDAR at www.sedar.com and on the CSE at www.thecse.com, or visit the Company's website at www.transcanna.com. To contact the Company, please email info@transcanna.com.
On behalf of the Board of Directors
Bob Blink, CEO
Corporate Communications:
info@transcanna.com
604-200-8853
Alle Angsthasen sind hier raus, die 1. Ernte kommt immer näher und Anfang August kommen die neuen Zahlen!
TransCanna Appoints Chief Financial Officer Peter Gregovich, Former CFO of Eaze
Vancouver, British Columbia--(Newsfile Corp. - July 6, 2021) - TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) (the "Company") is pleased to announce that it has appointed a new Chief Financial Officer with over 25 years of C-suite level financial leadership experience in both the public and private sectors.
Peter Gregovich is a dynamic and experienced leader most recently known for building the corporate infrastructure and team to support massive growth in transaction volume and revenue for the leading cannabis delivery platform Eaze, as well as helping to raise approximately $100M for the company in Series B and C financing rounds.
"We are overjoyed to welcome Mr. Gregovich to the team," said Bob Blink, CEO for TransCanna. "He has a proven track record of driving rapid growth in cannabis retail and manufacturing sectors and for leading and growing teams. He joins us at a critical juncture in our growth where we are about to scale exponentially."
At Eaze, Mr. Gregovich built the Finance, FP&A, Accounting, HR, Facilities and IT teams to support significant employee and transaction growth during the transition to Cannabis legalization in California. He expertly managed financial and KPI forecasting, established critical banking relationships, and negotiated key partnership agreements resulting in a 400% increase in annualized transaction volume from 2017 to 2018. During the same period, he opened new Southern California headquarters in Venice, a San Diego customer service center, and new San Francisco facilities. He brings with him a wealth of cannabis industry distribution and retail relationships.
"In any role I take on, I operate as an owner and take full personal responsibility for business performance," said Mr. Gregovich. "I see the blue sky potential for TransCanna's future as it vertically integrates the addition of new services and revenue streams and expands into new markets. I'm honored and excited to play a key role in that growth."
Immediately prior to joining TransCanna, Mr. Gregovich was CFO for the agricultural, manufacturing, distribution and retail company Eel River Organics, where he helped restructure the company to achieve self-sustaining operations and built financial planning models to drive business decisions and support capital raising efforts.
Mr. Gregovich holds an MBA in Finance from Golden Gate University and a BS in Business Finance from San Diego State University.