TransCanna Holdings (CSE: TCAN) (FSE: TH8) this morning announced its execution of a non-binding letter of intent (“LOI”), dated May 17, 2019, with Lyfted Farms, Inc. of Modesto, California. Under the agreement, TransCanna will acquire the business and assets of Lyfted, a state licensed producer of high quality indoor grown cannabis with three permanent state licenses for cultivation (nursery and grow) and distribution. “Being a premier cultivator, we thrive on new, cutting edge processes to generate superior results,” Lyfted Farms President Bob Blink stated in the news release. “We’re extremely excited about joining forces with the team at TransCanna.”
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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 more information, visit the company’s website at www.TransCanna.com.
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