TransCanna Holdings (CSE: TCAN) (FSE: TH8) today
announced its entry into a non-binding letter of intent (“LOI”) with Persuasion
Brewing Co., a Modesto, California-based private brewing company. According to
the update, the companies have agreed to establish, within TransCanna’s
recently purchased 196,000-square-foot vertically integrated facility, a
Persuasion Brewing division that will produce a variety of CBD-infused
non-alcoholic beers. Under the LOI, TransCanna will have exclusive rights to
the private labeled beers created at the facility. “Our 196,000-square-foot
vertically integrated, cannabis-focused facility is perfectly designed to have
a comprehensive bottling and canning line for multiple types of beverages,”
TransCanna CEO Jim Pakulis said in the press release. “However, we firmly believe
that our first beverage product subject to receipt of the appropriate licenses
should be a private labeled non-alcoholic CBD-infused beer. We believe
it’s the least expensive method to generate the greatest margins as quickly as
possible, and that will continue to differentiate us from others in the
marketplace.”
To view the full press release, visit http://ibn.fm/Oliv1
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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