VANCOUVER, British Columbia, May 20, 2019 (GLOBE NEWSWIRE) -- via NetworkWire TransCanna Holdings Inc. (CSE:TCAN: XETR: TH8) (TransCanna or the Company) is pleased to announce the execution of a non-binding Letter Of Intent dated May 17, 2019 (the LOI) with Lyfted Farms, Inc. (Lyfted), of Modesto, California, to acquire the business and assets of Lyfted (the Proposed Acquisition). Lyfted Farms is a state licensed producer of high quality indoor grown cannabis. The three permanent state licenses that Lyfted owns are for cultivation (nursery), cultivation (grow), and distribution.
For further information, please visit the Companys website at www.transcanna.com.
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 further information, please visit the Companys website at www.transcanna.com or email the Company at info@transcanna.com.
Media Contact
TransCanna@talkshopmedia.com
604-738-2220
On behalf of the Board of Directors
James Pakulis
Chief Executive Officer
Telephone: (604) 609-6199
The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Forward-looking statements in this news release include, but are not limited to: the expected purchase of Lyfted, the terms of the Asset acquisition,, the ability of the Company to secure financing and the acquisition of appropriate licenses. Any number of factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although the Company believes that the expectations reflected in forward looking statements are reasonable, it can give no assurances that the expectations of any forward looking statements will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Copyright © 2024 - Todos os direitos reservados para o Grupo Estado.
As notícias e cotações deste site possuem delay de 15 minutos.