Replies to post #91 on Transcanna Holdings Inc (TCAN)

[MontereyBud]

I've seen the Modesto facility with my own eyes, and I DO believe in TransCanna.

Purchased from Chad Swan in early 2019, the Modesto facility was built by Swan. Mr. Swan has specialized in building USDA food grade facilities throughout the United States for the past several years.

No "Option"

According to ValueSpectrum, "In Q2 the Company acquired the Modesto facility for US$15 million- a 196,000 sq ft. former food processing facility that had recently undergone a US$8M conversion to a vertically integrated cannabis operation." And according to VS, "the Modesto facility is ready to scale and is designed for a nursery, cultivation, manufacturing, kitchen, bottling, and transportation division."

See video

SoCal facility

As for TCAN's SoCal facility, the company has never stated that it was anything other than a sublease, despite any implication to the contrary. "TransCanna Completes Sub-Lease Of 10,000 Square Foot Facility In Adelanto, CA"

Shape of LDS

You also noted that when Jim Pakulis stepped down as CEO of Lifestyle Delivery Systems Inc. in 2018, he "left it in terrible shape." But is seems striking that despite the fact that LDS has only one product (CannaStrips), Pakulis managed to help create a company that has a current market cap of $28.4 million.

While I can only guess that Jim knows Brad, I seriously doubt either would do anything that might intentionally jeopardize their company's respective stock value.

Stealing Shares?

In a now dead deal, TransCanna Holdings Inc. announced on July 1, 2019, that it planed to acquire Lifestyle Delivery Systems Inc. (CSE:LDS) in an all-stock deal valued at $51.7M, or $0.43 per share, based on an exchange ratio of one TransCanna share for 10 Lifestyle Delivery Systems shares.

According to SmallCap Power, "the all-stock transaction" would have represented "a 16.6% premium over LDS’s closing price of $0.37 on Friday, June 28, 2019."

IMO, as is true with any stock in the cannabis sector, investors need to have a long-term plan. While the sales of marijuana products are expected to soar in the next few years, there will be setbacks along the way.

Good luck with LDS...