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AGORACOM NEWS FLASH

New Client Alert!!!

AGORACOM Welcomes TransCanna (TCAN:CSE) Developing The Largest Multi-Purpose Cannabis Facility in California

  • $2M CAD Revenue April 2020
  • $24.6M CAD Revenue Run Rate solely from TransCanna test facility
  • $90M Annual Revenue expected from first full year upon completion of 196,000 Sq Ft Daly facility Q3 2021
  • Daly facility will be one of the largest cannabis facilities in California
  • Recently acquired two California companies,
    • High-end award winning edible producer Soldaze
    • Premium indoor cultivator and distributer Lyfted Farms
  • Lyfted Farms products sold in select Cookies Locations - The most recognizable name in high-end Cannabis.
  • 2019 California Cannabis sales over $3B, industry currently fragmented
  • Direct to dispensary model, cutting out the middleman

Transcanna dark

Hub On AGORACOM / Read Release

 

Message: New Venture

I think this company is under valued given that it is in agreement with another company. here is my calculation

The Fortune River Resources (FRX) and Bravada Gold Corporation (BVA) are planning to be amalgamated together to form a new venture. Here is the amalgamated share ratio:

FRX 1 share = 0.85 share in amalgamated company BVA 1 share = 1 share in amalgamated company

Based on this equation, 1 BVA share = 1.18 FXR share

Currently BVA is trading at $0.13 but FRX is trading at $0.07 per share whereas, based on the above amalgamation, FRX should be trading at $.11 per share. Expectation is that, the share of amalgamated company should start trading above $0.12.

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