TransCanna Holdings (CSE: TCAN) (FSE: TH8) this
morning announced its execution of a non-binding letter of intent (“LOI”),
dated May 17, 2019, with Lyfted Farms, Inc. of Modesto, California. Under the
agreement, TransCanna will acquire the business and assets of Lyfted, a state
licensed producer of high quality indoor grown cannabis with three permanent
state licenses for cultivation (nursery and grow) and distribution. “Being a
premier cultivator, we thrive on new, cutting edge processes to generate
superior results,” Lyfted Farms President Bob Blink stated in the news release.
“We’re extremely excited about joining forces with the team at TransCanna.”
To view the full press release, visit http://ibn.fm/91rJ9
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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