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MarketScreener Homepage  >  Equities  >  CANADIAN NATIONAL STOCK EXCHANGE  >  Transcanna Holdings Inc    TCAN   CA89356V1040

TRANSCANNA HOLDINGS INC

(TCAN)
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TransCanna : Terminates Transaction with Lifestyle Delivery Systems Inc.

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07/15/2019 | 09:18am EDT

Vancouver - TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) ('TransCanna' or the 'Company') and Lifestyle Delivery Systems Inc. (CSE: LDS) (FSE: LD6) (WKN: A14XHT) (OTCQX: LDSYF) ('LDS') have mutually agreed to terminate a letter of intent ('LOI') dated June 28, 2019 whereby TransCanna was to acquire LDS.

After careful review of the transaction and current market conditions, TransCanna has determined the acquisition of LDS by TransCanna under the terms of the LOIwould not be in the best interests of shareholders, and as a result, the LOI has been terminated by both parties.

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.

Contact:

Tel: 604-738-2220

The information in this news release includes certain information and statements about management's viewof 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. 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 newinformation, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.

(C) 2019 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
LIFESTYLE DELIVERY SYSTEMS INC 0.00% 0.155 Delayed Quote.-46.55%
TRANSCANNA HOLDINGS INC -2.25% 0.87 Delayed Quote.0.00%
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Financials (CAD)
Sales 2019 -
EBIT 2019 -6,77 M
Net income 2019 -6,77 M
Debt 2019 -
Yield 2019 -
P/E ratio 2019 -3,30x
P/E ratio 2020 1,44x
Capi. / Sales2019 infx
Capi. / Sales2020 0,41x
Capitalization 30,4 M
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Average target price 7,80  CAD
Last Close Price 0,89  CAD
Spread / Highest target 776%
Spread / Average Target 776%
Spread / Lowest Target 776%
EPS Revisions
Managers
NameTitle
James Pakulis President, Chief Executive Officer & Director
Joao da Costa Independent Director
Arni Thomas Johannson Director
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