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TransCanna Holdings Inc. (TCAN.CN) (TCAN) Executes LOI To Acquire The Business and Assets of Premier Indoor Cultivator Lyfted Farms
TransCanna Holdings Inc. (CSE:TCAN: XETR: TH8) (“TransCanna” or the “Company”) is pleased to announce the execution of a non-binding Letter Of Intent dated May 17, 2019 (the “LOI”) with Lyfted Farms, Inc. (“Lyfted”), of Modesto, California, to acquire the business and assets of Lyfted (the “Proposed Acquisition”). Lyfted Farms is a state licensed producer of high quality indoor grown cannabis. The three permanent state licenses that Lyfted owns are for cultivation (nursery), cultivation (grow), and distribution.
Are Marijuana Stocks Still Headed in the Right Direction?
The marijuana stock market has been moving toward success for quite some time now. In the past few years, the industry has changed quite drastically, allowing for a new path to take hold. Despite there still being quite a heavy amount of volatility, the cannabis market is showing signs of stability for the coming months.
Village Farms International, Inc. (VFF) Announces Pure Sunfarms’ Receipt of Standard Processing License for its Delta 3 Greenhouse Facility
Village Farms International, Inc. (“Village Farms” or the “Company”) (TSX:VFF; NASDAQ:VFF) today announced that its 50%-owned joint venture for large-scale, low-cost, high-quality cannabis production, Pure Sunfarms, has received a Standard Processing License from Health Canada for its 1.1 million square foot Delta 3 greenhouse facility (the “Processing License”).
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