Cash for Cannabis Companies: A Green Rush of Acquisitions Drives This Canadian Marijuana Stock

May Filings With The Canadian Securities Exchange (CSE) Demonstrate TransCanna's Growth 

Trading on the CSE under the symbol TCAN, TransCanna Holdings Inc. 

had 31,765,526 outstanding shares as of May, according to filings with the Canadian Securities Exchange. 

Per TransCanna's May filings with the CSE, TCAN "advanced its plans to set up a manufacturing, transportation and distribution network for cannabis across the state of California. The Issuer [a.k.a TCAN] also pursued opportunities in the branding and marketing portion of its business in California."

About TransCanna

Persuasion Brewing Company: 

On May 8, 2019 TransCanna signed a non-binding LOI with Persuasion Brewing Company, an unrelated private brewing company located in Modesto, California. 

Both companies have agreed to create a division within TransCanna's recently purchased 196,000-square-foot vertically integrated facility (the "Facility") to establish a Persuasion Brewing division, which will produce a variety of different CBD infusion non- alcoholic beers. Terms of the LOI include TransCanna's exclusive rights to the private labeled beers created at the Facility.

TransCanna Signs LOI with Persuasion Brewing Co. to Create CBD-Infused Non-Alcoholic Beer

Full Story: https://t.co/M525Y2Ptm9

$TCAN.CA $TCNAF #SmallCaps #OTC #OTCMarkets #OTCStocks #CSE #beer #cannabis #cbd #tcan #potstocks #Pharmaceutical #Chemicals #Marijuana #Medical

— Newsfile (@newsfile_corp) May 9, 2019

Lyfted Farms: 

On May 17, 2019 the TCAN signed a non-binding Letter Of Intent (the “LOI”) with Lyfted Farms, Inc. (“Lyfted”), of Modesto, California an unrelated company, to acquire the business and assets of Lyfted. According to the CSE filing, Lyfted "is a state licensed producer of high quality indoor grown cannabis," that "owns three permanent state licenses for cultivation (nursery), cultivation (grow), and distribution. "

.@CNWMediaOnline highlights TransCanna's acquisition of GoodFellas and LOI to acquire Lyfted Farms and shares how consolidation in the #cannabis industry can provide efficiency and more reliable products. https://t.co/cW7Dnmv6gB $TCAN

— TransCanna (@TransCanna) June 19, 2019

Soldaze:

On May 15, 2019 the TCAN signed a non-binding LOI with Tres Ojos Naturals LLC (''Soldaze''). an unrelated private edible cannabis company located in Monterey, California. SolDaze produces cannabis-infused fruit snacks in California. The Issuer will pay Soldaze $350,000 US and issue up to 660,000 shares for certain assets of SolDaze. The purchase price is payable in installments over a two-year period, provided that the Soldaze product line meets or exceeds certain revenue projections.

TransCanna Executes LOI to Acquire Award-Winning Cannabis Brand SolDaze - Cannabis Business Times https://t.co/kPPPoC3CXM #cannabis

— Cannabis Biz News (@CannabisBizNews) June 20, 2019

And while the California marijuana market currently suffers from licensing backlogs and production and distribution bottlenecks, TransCanna Holdings is also working to streamline the transportation and distribution process.