TransCanna Holdings (CSE: TCAN) (FSE: TH8) this morning announced its entry into a definitive purchase agreement for all of the outstanding equity interest in Tres Ojos Naturals LLC, doing business as SolDaze, a Santa Cruz, California-based limited liability company. Per the update, the transaction will absorb SolDaze’s branding asset package into the company’s expanding asset portfolio, providing what it believes will be significant penetration into the cannabis market in California. “We are very pleased and excited to welcome the SolDaze team into the TransCanna family. We would like to recognize their efforts, achievements and in particular their patience and dedication to this process,” Transcanna President and Chair Arni Johannson said in the news release. “The SolDaze brand has a very bright future and with the support of TransCanna will be introducing a variety of new SKUs, including the much anticipated launch of ‘Spicy Mango’. The company is excited about the prospects of future growth that this acquisition will provide once consummated.”
To view the full press release, visit http://cnw.fm/WIj5K
About TransCanna Holdings Inc.
TransCanna Holdings is a Canadian-based company providing 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.
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