Tag: TransCanna

TransCanna Wins 1st and 3rd place at the 2019 Emerald Cup for SolDaze CBD Edibles

TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) (“TransCanna” or the “Company”) is pleased to announce that SolDaze Snacks won first place for their tropical mango fruit bites and third place for their strawberry mango fruit bites in the CBD edible category at the 2019 Emerald Cup. SolDaze has won multiple times at the Emerald Cup, including in 2018 for its THC edibles.

“We had great customer response to our CBD edibles,” stated Shawn Shevlin, manager of the SolDaze brand for TransCanna. “Customers loved the taste, price point and the fact that they are organic and naturally sweetened. It was a great honor to be on the stage and to be recognized by some of the true trailblazers in the cannabis industry.”

The Emerald Cup is Northern California’s premier cannabis event which advances the concept of sustainable, outdoor farming. The event has a reputation which is firmly solidified as the largest, most-respected, outdoor cannabis competition in the world.

“Congratulations to our team for their hard work to bring these award-winning SolDaze products to market. There is a tremendous upside for TransCanna with our CBD edibles in California and across the US, as the CBD market opens up nationwide,” said Steve Giblin, president and CEO of TransCanna. “We have already expanded our distribution network to meet anticipated demand.”

About TransCanna Holdings Inc.

TransCanna Holdings Inc. is a California based, Canadian listed, company building Cannabis focused brands for the California lifestyle, through its wholly-owned California subsidiaries.

For further information, please visit the Company’s website at www.transcanna.com or email the Company at info@transcanna.com.

On behalf of the Board of Directors
Steve Giblin
President
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. 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.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/50933

TransCanna to Maximize Value Proposition with Expansion of Sales, Fulfillment and Distribution Strategy

TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) (“TransCanna” or the “Company”) is pleased to announce that it has developed a comprehensive strategy for a four phase expansion of sales and fulfillment in the Northern and Southern California markets for all TransCanna brands.

Phase 1 has been initiated and includes Lyfted Farms expanding the geographic reach of its distribution into dispensaries and deliveries in major northern California markets such as Sacramento and San Francisco. For the first time, dispensaries and customers in those markets will have access to all TransCanna brands. The company will bolster their sales team and onboard an additional 50 of the most productive retailers in those markets by end of Q1 2020.

Phase 2 is scheduled for the beginning of Q1 2020 and will focus on the distribution services. The Company will be installing state of the art packaging equipment that will increase productivity and efficiencies for the purpose of onboarding additional co-packing and fulfillment clients such as cultivators, manufacturers, and microbusinesses. They will also increase the number of delivery vehicles. This will enable TransCanna to leverage its service capacity to increase the number of brands delivered to dispensaries and retailers.

The company will start Phase 3 in Q2 of 2020 with a broad scale sales initiative focused on the penetration of TransCanna brands into the greater southern California market. Los Angeles represents the largest cannabis and edibles market in California and will require a targeted strategy for fulfillment and sales. The company is projecting to procure an additional 75 dispensaries and deliveries in the greater Los Angeles region by end of Q3 2020.

Phase 4 will be the build out of over 20,000 square feet of distribution in the company owned Daly building in Modesto, that facility and will be in operation by end of Q2 2020. Production, sales and third-party services will scale exponentially by end of Q4 2020.

“We see distribution as a key to the success of our strategic plan. There is great demand for all our products and as we expand the number of brands in our portfolio controlling the distribution channels will differentiate us from our competition” said Steve Giblin CEO of TransCanna.

About TransCanna Holdings Inc.

TransCanna Holdings Inc. is a California based, Canadian listed, company building Cannabis focused brands for the California lifestyle, through its wholly-owned California subsidiaries.

For further information, please visit the Company’s website at www.transcanna.com or email the Company at info@transcanna.com.

On behalf of the Board of Directors
Steve Giblin
President
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: timing of the completion of the SPA and the satisfaction of closing conditions, and the expected benefits of Lyfted to the Company’s business. 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.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/50777

TransCanna Hits Initial Revenue Target

TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) (“TransCanna” or the “Company”) is pleased to announce that the company has reached its initial revenue target for the month of October.

In September and October, the Company built out its infrastructure by doubling the production capacity for SolDaze and Lyfted Farms business units. The first monthly revenue numbers for October exceeded CAD $250,000 and the company will continue to scale the production and revenues in the comimg months.

Of the revenue generated in October, 90% came from recurring revenue streams. For the last week of October revenues from the SolDaze edibles brands hit CAD $65,000 and the company anticipates that weekly revenue amount to continue. As the build out of Lyfted Farms operations continues, there will be a commensurate increase in sales.

“When setting up our initial forecasts, we wanted to be realistic about our ability to start generating revenues, keeping in mind we are not yet in our main facility” stated CEO of TransCanna, Steve Giblin. “With that in mind, our October target of $150,000 was a conservative number, set with the goal of demonstrating that we can create and move products through our system. To exceed that number proves our model is working.”

The Company has greater production capability and as each individual sku (stock keeping unit) undergoes independent testing and approvals, each business unit will manage production levels accordingly. The Company has set up systems to pass regulatory and compliance testing, and has organized their distribution for increased efficiencies. The revenues achieved included sales from the acquired brands Lyfted Farms, SolDaze and Daily. The Company will continue to expand all lines of business including pre-rolls, flower, concentrates, SolDaze edibles and the Daily brand.

“We are very excited to have achieved lab certification on our initial sku’s, meaning that these products have been approved to be sold in the California marketplace,” said Shawn Shelvin, Director of Brand Development and Founder of SolDaze. “After achieving this milestone, we can now green light mass production of products.”

About TransCanna Holdings Inc.

TransCanna Holdings Inc. is a Canadian based company providing 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 Company’s website at www.transcanna.com or email the Company at info@transcanna.com.

On behalf of the Board of Directors
Steve Giblin
President
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: timing of the completion of the SPA and the satisfaction of closing conditions, and the expected benefits of Lyfted to the Company’s business. 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) accept responsibility for the adequacy or accuracy of this release.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/49468

TransCanna and Lyfted Farms Sign Definitive Purchase Agreement

TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) (“TransCanna” or the “Company”) is pleased to announce that it has executed a definitive agreement (the “SPA”) for the purchase of all of the outstanding common shares of Lyfted Farms, Inc. (“Lyfted”), a state licensed, vertical cannabis company located in the Central Valley, California. The transaction, once completed, is an important milestone in the growth strategy for the Company. Lyfted has been cultivating and distributing medical cannabis since 2016, has developed multiple award-winning brands, and established a loyal following. Lyfted has an existing revenue base and with strong consumer demand, the Company has initiated an investment in the expansion of their production capacity. Once this investment is completed and licensing is in place, Lyfted will transition to the Company’s 196,000 square foot facility in the city of Modesto, which is the largest cannabis facility in California.

“Our team is committed to TransCanna and is very excited about the next steps,” said Lyfted Founder Bob Blink. “As most investors have seen sentiment cool in the cannabis space recently, we feel this is the perfect opportunity to build a brand focused company. TransCanna’s business model addresses the problem of cannabis market fragmentation. It is with that in mind that Lyfted shareholders, myself included, have committed to significantly increasing our investment stake in TransCanna.”

“The greatest asset we are acquiring is the talent of Lyfted’s management team,” said Steve Giblin, CEO of TransCanna. “The Lyfted team is working in concert with the SolDaze and Daily teams from previous acquisitions, which has provided an immediate opportunity to substantially increase the scale of our operations. We welcome Bob Blink and his team to TransCanna and we appreciate their vote of confidence by significantly increasing their share position in our company.”

Pursuant to the terms of the SPA, the aggregate purchase price of approximately US$6,150,000 payable on closing will be comprised of: (i) an aggregate cash payment of US$550,000 (US$150,000 of which has been previously advanced as a deposit), (ii) the issuance of 2,660,750 common shares of the Company at a deemed price of CDN$0.80 per share (the “Purchase Shares”); and (iii) an unsecured non-interest bearing promissory note in the amount of US$4,000,000 (the “Note”). The Purchase Shares will be subject to restrictions on trading in accordance with applicable securities laws as well as a pooling agreement providing for a release schedule of four equal installments commencing on closing of the SPA and every three months thereafter. The Note shall be repayable in the event that the Company completes certain equity raises on or before June 30, 2020, subject to Lyfted achieving certain specified production targets, failing which the holders shall have an option to convert the outstanding principal amount into common shares of the Company at then current market prices, and provided that any such conversion shall not result in the holders of the Note owning an aggregate of 20% or more of the then issued and outstanding common shares of TransCanna. In the event such option is not exercised by the holders of the Note, the Note shall be repayable in quarterly cash installments based upon revenue generated by Lyfted commencing in respect of the three months ended September 30, 2020. Closing of the acquisition is subject to customary conditions for transactions of this nature, and is expected to occur in the coming weeks.

For more information on Lyfted’s products, please visit lyftedfarms.com.

About TransCanna Holdings Inc.

TransCanna Holdings Inc. is a Canadian based company providing 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 Company’s website at www.transcanna.com or email the Company at info@transcanna.com.

On behalf of the Board of Directors
Steve Giblin
President
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: timing of the completion of the SPA and the satisfaction of closing conditions, and the expected benefits of Lyfted to the Company’s business. 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.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/49349

TransCanna Announces Warrant Listing

TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) (“TransCanna” or the “Company”) announces that effective at the opening on August 27, 2019, 4,207,083 common share purchase warrants will commence trading on the Canadian Securities Exchange – CSE under the symbol TCAN.WT. These warrants were issued pursuant to a private placement financing, the closing of which was announced on April 4, 2019. Each warrant entitles the holder to purchase one common share of the Company will expire on April 4, 2022. Odyssey Trust Company of Canada is Transfer Agent for these warrants.

For further information, please visit the Company’s website at www.transcanna.com.

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 further information, please visit the Company’s 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
Stephen Giblin
Director
Telephone: (604) 609-6199

TransCanna Terminates Transaction with Lifestyle Delivery Systems Inc.

TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) (“TransCanna” or the “Company”) and Lifestyle Delivery Systems Inc. (CSE: LDS) (FSE: LD6) (WKN: A14XHT) (OTCQX: LDSYF) (“LDS”) have mutually agreed to terminate a letter of intent (“LOI”) dated June 28, 2019 whereby TransCanna was to acquire LDS. After careful review of the transaction and current market conditions, TransCanna has determined the acquisition of LDS by TransCanna under the terms of the LOI would not be in the best interests of shareholders, and as a result, the LOI has been terminated by both parties.

For further information, please visit the Company’s website at www.transcanna.com.

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 further information, please visit the Company’s 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. 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/46247