Shares of Holding Company Soar After Medical Marijuana Investment

Shares of Holding Company Soar After Medical Marijuana Investment

By: Dylan Sikes – News

Thursday, April 29, 2021

All different types of companies are seeking value and investing in marijuana-based products. Today, TransGlobal Assets Inc. (OTCPK:TMSH) announced the purchase of partial ownership in three Michigan medical marijuana licenses.

TransGlobal said it has acquired a 9% ownership in the Michigan medical marijuana licenses, allowing the firm to expand its footprint in Michigan as it seeks to realize exponential growth of its Monster Elixir subsidiary. The deal is pursuant to a Purchase and Sale Agreement between TransGlobal and Darwin Harris, a CBD expert. 

Adding to the news, the company announced the addition of Harris as a director of the company. Harris has over 10 years of intense CBD experience, particularly on the manufacturing side. 

The company also plans to foray into the field of psychedelic mushroom cultivation.

Shares of TransGlobal have been climbing since the beginning of the year, and were up over 38% in early-afternoon trading.

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