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NetworkNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Increases Brokered Private Placement by 60 Percent

Company: TransCanna Holdings Inc. (TCAN)
Category: News

TransCanna Holdings (CSE: TCAN) (FSE: TH8) recently announced that its brokered private placement of 5,000,000 units at C$2.00 per unit, as announced on February 20, 2019, is oversubscribed. As a result, TransCanna has increased the offering by sixty percent to a maximum of 8,000,000 units to raise gross proceeds of C$16,000,000.  The company intends to use the offering’s net proceeds for partial funding of the acquisition of a 196,000 square foot vertically integrated cannabis facility in Modesto California, as well as equipment acquisition and general working capital. “We’re humbled by the demand for our private placement,” TCAN President and CEO Jim Pakulis said in the news release. “We have attracted a broad range of investors and are dedicated to executing our business plan as well as delivering value to our shareholders while continually growing our shareholder base.”

To view the full press release, visit http://nnw.fm/8eVhI

About TransCanna Holdings Inc.

TransCanna Holdings is a Canadian-based company providing 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.

NOTE TO INVESTORS: The latest news and updates relating to TCAN are available in the company’s newsroom at http://nnw.fm/TCAN

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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