TransCanna Holdings (CSE: TCAN) (FSE: TH8) this
morning announced its entry into a non-binding Letter of Intent (“LOI”), dated
May 15, 2019, with Tres Ojos Naturals, LLC d/b/a SolDaze, a limited liability
company from Santa Cruz, California that produces cannabis-infused fruit
snacks. Under the agreement, TransCanna will acquire the branding asset
package, SolDaze. “Having reviewed over 100 branded products in California,
we’ve been extremely selective in our acquisition vetting process,” TransCanna
CEO Jim Pakulis said in the news release. “Our three mandatory acquisition
criteria include SKU velocity, upward trending revenues, and products that differentiate
themselves in the marketplace. The snack line from SolDaze, and
specifically the cannabis-infused mango products, meets all three
requirements.”
To view the full press release, visit http://ibn.fm/hvJIP
About TransCanna Holdings Inc.
TransCanna Holdings Inc. is a Canadian-based company focused
on providing integrated branding, transportation and distribution services,
through its wholly-owned California subsidiaries, to a range of industries
including the cannabis marketplace. For more information, visit the company’s
website at www.TransCanna.com.
NOTE TO INVESTORS: The latest news and updates
relating to TCAN are available in the company’s newsroom at http://ibn.fm/TCAN
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