Funatic : update (per Email)
As the Board Member representing the lender's interests, Mr. Baker will monitor the construction project and confirm when each phase is complete.
Phase One, currently underway, includes the construction of a 6,000 sq ft vegetative room, and five new cultivation rooms that can produce up to 200 lbs of harvest every two weeks.
"I'm extremely excited to join TransCanna, and would not have joined if I didn't see the tremendous potential here," said Mr. Baker. "The $2M construction loan will help bring it to profitability, and I really see it becoming one of the greatest cannabis companies in California in the next three years."
Bob Blink, Company CEO, said, "Everyone has hit the ground running with this new loan. As of today, we already have new construction workers at the facility, and expect to have plants in the new cultivation rooms within the next three weeks."