- TransCanna Holdings has signed an LOI to acquire Soldaze cannabis-infused fruit snacks, one of its 15 planned premium cannabis brands
- TransCanna’s recently acquired 196,000-square-foot self-contained production and distribution facility in Modesto, California, was featured in a new video tour of the site
- The facility is being developed as a hub for statewide distribution to various company satellite facilities in premium markets
- The company has plans for developing a still-larger cultivation facility on the 5.5-acre Modesto site as it grows and obtains more funding
TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) has signed a non-binding letter of intent, dated May 15, to acquire the branding asset package Soldaze from Santa Cruz, California-based Tres Ojos Naturals LLC. The move is part of TransCanna’s plan to put 15 premium cannabis brands on store shelves in the next 24 months, utilizing the company’s new 196,000-square-foot California facility as the hub for its operations. SolDaze produces cannabis-infused fruit snacks in California.
“Having reviewed over 100 branded products in California, we’ve been extremely selective in our acquisition vetting process,” TransCanna CEO Jim Pakulis stated in a news release about the…
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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