TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) today announced that it has appointed Haywood Securities Inc. to act as lead agent on behalf of a syndicate of agents to sell, by way of a best efforts private placement, up to two million company units, each at a price of $5.00, for gross proceeds of up to $10 million. According to the update, each unit will comprise one common share of the company (each a “share”) and one half of one common share purchase warrant (with each whole warrant constituting a “warrant”). Warrant holders will be entitled to acquire an additional share at a price of $6.00 for a period of 36 months from the date of closing of the offering. TransCanna intends to use the offering’s net proceeds for equipment, capital expenditures, additional acquisitions and working capital and general corporate purposes. Subject to the receipt of all necessary regulatory approvals, the offering is expected to be completed on or before May 31, 2019.
To view the full press release, visit http://ibn.fm/Ha68R
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
About MissionIRNewsBreaks
MissionIRNewsBreaks provide a rapid summary of corporate news that catch the attention of MissionIR. MissionIRNewsBreaks are created by our Team of professional journalists that keep a constant eye on the markets, these posts are designed to inform you on the latest happenings of our clients and other publicly traded companies on our radar. From earnings, acquisitions and agreements to conference attendance and clinical study results, our news breaks keep you up-to-date with the day’s top movers. MissionIR is primarily focused on strategic communications. We have executed countless communications programs to address the needs of companies ranging from start-ups to established industry leaders, gaining valuable experience and the expertise necessary to determine the most effective strategy for any given situation.
Please see full terms of use and disclaimers on the Mission Investor Relations website applicable to all content provided by MIR, wherever published or re-published: http://www.missionir.com/disclaimer.html
