TransCanna Holdings Inc. (TransCanna) (CSE:TCAN) (XETR:TH8) (“TransCanna” or the “Company”) is pleased to announce that SolDaze, a company with which TransCanna has recently signed an LOI to acquire its business and assets (the “Acquisition”) (see May 15 press release), has begun receiving pre-orders for its new Spicy Mango line of cannabis-infused mango snacks. SolDaze expects to commence shipping of the Spicy Mango line the second week of July.
SolDaze is a CBD/THC organic mango-infused snack line and has received numerous awards, including first place for packaging design and second place for infused edibles at the 2018 Emerald Cup.
“The pre-book orders for our spicy mango are tracking ahead of the pre-booked orders when we launched our original cannabis-infused mango line,” states Shawn Shevlin, president of SolDaze, Inc. “We did significant flavor profile testing to come up with a recipe that allows the flavor of the mango to not be overpowered by the spice. There is a nice, even sweetness with a mild spice kick. We feel this flavor reaches all consumers and our dispensaries that we are selling into as well as our distributors.”
Mike Bitar, co-founder of the East of Eden dispensary, states, “We are expecting the release of the SolDaze spicy mango flavor to fit nicely in our locations and largely increase the sales in the SolDaze mango line.”
Jim Pakulis, CEO of TransCanna, states, “TransCanna and SolDaze are working as expeditiously as possible to complete the acquisition of SolDaze and incorporate their lines into the TransCanna portfolio. To help streamline this process, we’ve hired Shaun as an employee of TransCanna and are immediately able to utilize his vast knowledge in the agriculture, cannabis and branding sectors.”
For further information, please visit the Company’s website at www.transcanna.com.
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.
On behalf of the Board of Directors
Chief Executive Officer
Telephone: (604) 609-6199
The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Forward-looking statements in this news release include, but are not limited to: the expected purchase of Lyfted, the terms of the Asset acquisition, the ability of the Company to secure financing and the acquisition of appropriate licenses. Any number of factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although the Company believes that the expectations reflected in forward looking statements are reasonable, it can give no assurances that the expectations of any forward looking statements will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
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