HempNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Appoints Haywood Securities as Lead Agent on $10M Brokered Private Placement

TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) today announced that it has appointed Haywood Securities Inc. to act as lead agent on behalf of a syndicate of agents to sell, by way of a best efforts private placement, up to two million company units, each at a price of $5.00, for gross proceeds of up to $10 million. According to the update, each unit will comprise one common share of the company (each a “share”) and one half of one common share purchase warrant (with each whole warrant constituting a “warrant”). Warrant holders will be entitled to acquire an additional share at a price of $6.00 for a period of 36 months from the date of closing of the offering. TransCanna intends to use the offering’s net proceeds for equipment, capital expenditures, additional acquisitions and working capital and general corporate purposes. Subject to the receipt of all necessary regulatory approvals, the offering is expected to be completed on or before May 31, 2019.

To view the full press release, visit http://cnw.fm/A34Pv

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. 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://cnw.fm/TCAN

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