Transcanna Holdings Inc (TCAN)

[MontereyBud]

TCAN Enhances Its Position In California via Acquisitions

On June 4, 2019, Technical420.com published this update on TransCanna Holdings Inc. ( $TCAN ).

2019 has already proven to be a banner year for TransCanna and we are not even halfway through the year. Over the next year, we expect the California cannabis company to record massive growth and this is an opportunity to be watching. Through a series of acquisitions, TransCanna is well positioned to capitalize on the California market and this is an opportunity that we are excited about. California is the world’s largest cannabis market and TransCanna is well positioned to be a leader in this market.

When looking at TransCanna, we see a company that has massive potential catalysts for growth, and we will monitor how the team continues to execute. Today, we have issued an update on the company and if you want to learn more, please email [e-mail].

Enhancing Its Position in California via Acquisitions

Last week, TransCanna Holdings executed a non-binding letter of intent (LOI) to acquire the business and assets of California-based Lyfted Farms, a licensed producer of premium cannabis that owns permanent state licenses for cultivation (nursery), cultivation (grow), and distribution.

Lyfted Farms is a well-known California cannabis brand that has been generating significant revenues and we are bullish on the growth prospects associated with this transaction. With access to more than 50 unique cannabis strains, the company is an ideal acquisition candidate for TransCanna as it offers access to a portfolio of premium branded products and we will monitor how the team is able to advance this business.

One of the biggest issues that Lyfted has faced is related to the amount of space that it has to produce cannabis. The acquisition by TransCanna would solve this need and would provide the space that is required to scale the brand. Currently, Lyfted is the top selling brand in the largest dispensaries in the area and this bodes well for future growth. TransCanna has been focused on acquiring leading cannabis brands and we are monitoring how the team is able to execute on this one.

Less than a week before announcing a LOI to acquire Lyfted, Transcanna Holdings executed a non-binding LOI to acquire the branding asset package of California-based Tres Ojos Naturals, d/b/a SolDaze. This agreement will enhance the company’s leverage to the California cannabis-infused product market as SolDaze produces cannabis-infused fruit snacks.

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