As we enter the beginning of May, it signals a new time yet again for the world of marijuana stocks. Many companies have seen their values skyrocket over the course of the past few months to a year or so. Much of this is due to the shift in legislation that has occurred, but alternatively, it is also due to the change in the public perception of the substance. As we continue to traverse the sometimes difficult world of cannabis, it looks as though positivity continues to present itself on the horizon.
TransCanna Holdings (TCAN.CN) is one of the leading companies working to provide a large variety of services to the world of cannabis. The company operates by offering everything from integrated branding and transportation to distribution services. Additionally, they work out of the Californian landscape which is one of the largest marijuana markets in the world.
The company recently stated that they have applied for manufacturing, distribution and transportation licenses for their newest facility based in Adelanto, CA. Jim Pakulis, CEO of TransCanna Holdings stated that “Our immediate focus is to be able to have our city and state licenses in place in Adelanto as soon as possible. Subsequent to the GoodFellas acquisition we will be able to prepare and package the Daily Cannabis Brand pre-rolls at the facility and then deliver the products to the dispensaries without the need to bring in a third party.”
He went on to state that “our goal is to provide not only the Daily Cannabis Brand with the necessary resources to continue and grow, but to use the Adelanto facility as the first TransCanna satellite distribution network facility throughout the state in an effort to provide reliability, consistency and quality to the dispensaries, and just as importantly scale TransCanna’s ecosystem as expeditiously as possible.”
The company should continue to produce updates as they move further on this process, but all looks to be good at this point. TransCanna Holdings continues to represent a very large part of the ancillary market on cannabis that provides a large amount of necessary services to the companies that need them most. The hopes are that they can continue on their goal to innovating the market throughout the near future and beyond.
Constellation Brands (NYSE:STZ) is another company that does not fully operate within the marijuana industry. The company works within cannabis due to their investment into Canopy Growth (NYSE:CGC), one of the largest marijuana growers in the world. After a $4 billion investment worth around 38% stake in the company, Constellation has stated that they expect to begin production of various cannabis-infused beverages.
Canopy Growth has stated that they are currently using their excess capital to begin production of an industrial scale hemp park in New York State. With so much going on in the hemp market alongside cannabis, the two companies look as though they have a lot to look forward to in the coming years.
Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), Midam Ventures LLC and TransCanna (TCAN.CN), Midam is being paid $33,000 per month for 3 months byTransCanna (TCAN.CN) for a period from February 14, 2019 to May 14, 2019. We may buy or sell additional shares of (TCAN.CN) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about TransCanna (TCAN.CN)
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