TransCanna Announces the Completion of 420 Global
Vancouver, British Columbia--(Newsfile Corp. - February 14, 2019) - TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) ("TransCanna" or the "Company") is pleased to announce that it has completed phase I of its proprietary software platform called "420 Global".
The state-of-the-art proprietary software is designed to create a Business Intelligence backend that integrates accounting, human resources, procurement, manufacturing and project management solutions.
420 Global will allow the Company to efficiently operate and fulfill every business aspect within their current and future facilities throughout the California cannabis market. "By streamlining this incredible amount of data and allowing management teams to pull pertinent reports in a timely manner is a tremendous benefit. 420 Global will be the backbone of our enterprise, the completion was on budget and ahead of schedule." Stated Jim Pakulis CEO.
420 Global will integrate with the Company's Warehouse Management System (WMS) and with METRC California's Cannabis Track-and-Trace (CCTT) system making the company fully compliant. The software will work in conjunction with Apple hardware and be registered through the Apple Device Enrollment program for security and deployment.
Overseeing the design and implementation of 420 Global is Mr. Greg Louie, a 20-year veteran in the Information Technology & Business Intelligence industry. Mr. Louie is devoted his full time to the Company as it builds its senior management team. Mr. Louie has extensive knowledge in creating technological ecosystems including implementation of a Warehouse Management System controlling 26,000 SKUs over a 220,000 square foot warehouse space. Over the past few years Mr. Louie has devoted his time utilizing cutting edge technology in efforts to streamline and bridge the gap between all levels of vertically integrated production facilities. Most recently, he has worked at the Distribution level creating innovative methodologies to improve and automate the integration efficiencies amongst the various platforms. He's also created three cannabis distribution and transportation platforms operating in California.
"One of the foundation blocks of any great company is its software platform capabilities and scalability. 420 Global is truly being designed to facilitate strong exponential growth and shareholder value," comments Mr. Louie.
About TransCanna Holdings Inc.
TransCanna Holdings Inc. 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.
On behalf of the Board of Directors
President and Chief Executive Officer
Telephone: (604) 609-6199
The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Forward-looking statements in this news release include, but are not limited to: the expected purchase of the facility, the terms of the facility acquisition, the payment of finders fees in relation thereto, the ability of the Company to secure financing and the acquisition of appropriate licenses for the facility. Any number of factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although the Company believes that the expectations reflected in forward looking statements are reasonable, it can give no assurances that the expectations of any forward looking statements will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
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