NIA's #1 cannabis stock suggestion Transcanna (CSE: TCAN) is set to close on a $16 million private placement this Thursday, April 4th. Originally, back on March 14th, TCAN announced its intention to raise $10 million in a private placement. Institutional demand for TCAN was so strong that the company increased the private placement size several times up to $16 million.
Very rarely do we see any company increase the value of a private placement by 60%. TCAN has become the hottest cannabis play in the entire market, just like we predicted it would be back on March 8th at $3 per share.
Yesterday, TCAN gained another 7% to $4.58 per share. TCAN looks ready to surpass its all-time high set last week of $4.69 per share and if so we expect TCAN to very quickly explode north of $5 per share!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from a third-party ROK Marketing of $40,000 cash for a one-month TCAN investor relations contract. Never make investment decisions based on anything NIA says. This message is meant for informational and educational purposes only and does not provide investment advice.