TransCanna
Vertically integrated cannabis branding, transportation, and distribution services.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
* | $15.8m | Post IPO Debt | |
| Total Funding | 000k | ||
| CAD | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 |
| % growth | - | (94 %) | 2793 % | (43 %) |
| EBITDA | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (54 %) | (5190 %) | (132 %) | (232 %) |
| Profit | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (54 %) | (10721 %) | (246 %) | (327 %) |
| EV | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 |
| R&D % of revenue | 15 % | 6 % | 9 % | 15 % |
Source: Company filings or news article
TransCanna Holdings Inc., incorporated in 2017 and based in West Vancouver, Canada, operates as a vertically integrated cannabis company catering to the California market. The company focuses on providing branding, transportation, and distribution services for cannabis cultivators and manufacturers. Its business model is built to control the entire value chain, from cultivation, manufacturing, and extraction to distribution and branding within a closed-loop ecosystem.
A significant asset for the company is its 196,000-square-foot facility in Modesto, California, designed to handle all aspects of the cannabis lifecycle, including nursery, cultivation, manufacturing, extraction, and distribution. This facility was acquired to bring acquired or created brands in-house, ensuring control over the production and supply chain. TransCanna's strategy has involved key acquisitions to bolster its capabilities, such as the planned acquisition of Lyfted Farms Inc. to integrate an established cultivation operation and its experienced management team, led by founder Bob Blink. The company also pursued the acquisition of the Goodfellas Group, a cannabis branding agency, to take on numerous revenue-generating branding and design contracts.
The initial leadership included CEO James Pakulis, who was instrumental in launching the company and establishing its strategic direction, including the acquisition of the Modesto facility. In September 2019, Steve Gilblin was appointed President & CEO. More recently, the company has faced financial challenges, leading to a Cease Trade Order in March 2023 due to delayed financial filings and a subsequent Deed in Lieu of Foreclosure Agreement in February 2023. As of May 2023, the board of directors consists of James R. Blink, Joshua Baker, and Travis Heilman.
Keywords: cannabis cultivation, cannabis distribution, cannabis branding, vertically integrated cannabis, California cannabis market, cannabis logistics, cannabis manufacturing, cannabis extraction, crop management, Lyfted Farms, cannabis transportation, cannabis packaging, cannabis fulfillment