TransCanna Holdings Inc.: California Awards TransCanna Rare License to Process Third-Party Cannabis
Vancouver, British Columbia--(Newsfile Corp. - April 28, 2021) -
TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) ("TransCanna" or the "Company") is pleased to announce that the State of California has awarded its Daly Facility a coveted Processor License.
The License is rare - only 152 of its kind were issued last year, compared to 6,083 Cultivation and Nursery Licenses.
"The Processor License opens up a massive new revenue stream - allowing us to trim, dry, cure, grade, package and label cannabis for third-party growers state-wide," said Bob Blink, CEO for TransCanna. The vast majority of growers only hold Cultivation Licenses, which allow processing activities solely for cannabis they produce on-site.