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MissionIRNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Receives Promising Valuation from Third Party Accounting Firm on Cannabis Facility Acquisition

TransCanna Holdings (CSE: TCAN) (FSE: TH8), an emerging cannabis branding, transportation and distribution company, recently signed definitive documents to purchase a 196,000 sq. ft. vertically integrated facility in northern California for $15 million. The purchase includes 5.567 acres of land and institutional grade packaging and extraction equipment. TransCanna retained the services of GreenGrowth CPA, an independent third-party chartered professional accounting firm that specializes in legalized cannabis. GreenGrowth was engaged by the company to determine the enterprise value of the proposed business to be conducted by TransCanna on the property. Using two separate valuation methods including both the discounted cash flow method and revenue multiples, the firm concluded with a valuation range of $50 million – $75 million. “We are very pleased with the outcome of this valuation and understand now that execution is the key,” TransCanna CEO Jim Pakulis stated in the news release. “Our business initiatives are very clear, and we look forward to getting the facility operational in the months to come.”

To view the full press releases, visit and

About TransCanna Holdings Inc.

TransCanna Holdings is a Canadian-based company providing branding, transportation and distribution services, through its wholly-owned California subsidiaries, to a range of industries including the cannabis marketplace. For more information, visit the company’s website at

NOTE TO INVESTORS: The latest news and updates relating to TCAN are available in the company’s newsroom at

About MissionIRNewsBreaks

MissionIRNewsBreaks provide a rapid summary of corporate news that catch the attention of MissionIR. MissionIRNewsBreaks are created by our Team of professional journalists that keep a constant eye on the markets, these posts are designed to inform you on the latest happenings of our clients and other publicly traded companies on our radar. From earnings, acquisitions and agreements to conference attendance and clinical study results, our news breaks keep you up-to-date with the day’s top movers. MissionIR is primarily focused on strategic communications. We have executed countless communications programs to address the needs of companies ranging from start-ups to established industry leaders, gaining valuable experience and the expertise necessary to determine the most effective strategy for any given situation.

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