- TransCanna recently executed an LOI to acquire premier indoor cultivator Lyfted Farms
- Lyfted Farms also offers an SAAS (software-as-a-service) platform for cannabis
- TransCanna released a video tour of its 196,000 sq. ft facility in Modesto, California
With its proposed acquisition of Lyfted Farms Inc. of Modesto, California, TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) is showing that its search for synergies continues. The company, based in Vancouver, Canada, announced the execution of a non-binding letter of intent dated May 17, 2019, to acquire the business and assets of Lyfted (http://nnw.fm/rOf1I). The acquisition, when competed, will follow a raft of others as TransCanna continues to pursue its add-on strategy of building a branding and distribution network in California, America’s largest cannabis market. In other news, the company has made available to investors an eight-minute video, in which its CEO, Jim Pakulis, describes the features and benefits of the company’s recently acquired 196,000-square-foot cannabis facility (http://nnw.fm/HxpH5).
The acquisition of Lyfted Farms would give TransCanna a finger in many pies. Lyfted Farms holds licenses from the state of California for nursery cultivation, commercial cultivation and…
NOTE TO INVESTORS: The latest news and updates relating to TCAN are available in the company’s newsroom at http://nnw.fm/TCAN
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