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://ibn.fm/MzKE8
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.
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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