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CannabisNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Enters LOI to Acquire SolDaze Cannabis Snack Line

Company: TransCanna Holdings Inc. (TCAN)
Category: News

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://cnw.fm/JWu1w

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://cnw.fm/TCAN

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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