TransCanna Holdings Inc.

  • ISIN: CA89356V1040
  • Land: .

Nachricht vom 14.03.2019 | 21:06

TransCanna Increases Brokered Private Placement and adds Canaccord Genuity Corp. to Syndicate

DGAP-News: TransCanna Holdings Inc. / Key word(s): Miscellaneous

14.03.2019 / 21:06
The issuer is solely responsible for the content of this announcement.


Vancouver, British Columbia--(Newsfile Corp. - March 14, 2019) - TransCanna Holdings Inc. (CSE: TCAN) (XETR: TH8) (FSE: TH8) ("TransCanna" or the "Company") is pleased to announce that as a result of significant demand, the Company's brokered private placement of 5,000,000 Units at CDN$2.00 per Unit (the "Offering"), as announced on February 20, 2019, is oversubscribed. Consequently, the Company has increased the Offering by sixty percent to a maximum of 8,000,000 Units to raise gross proceeds of CDN$16,000,000. Haywood Securities Inc. has been joined by Canaccord Genuity Corp. to co-lead a syndicate of agents, which includes Gravitas Securities Inc. (collectively, the "Agents").

"We're humbled by the demand for our private placement," said Jim Pakulis, President and CEO of TCAN. "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."

The Company intends to use the net proceeds of the Offering to partially fund the acquisition of a 196,000 square foot vertically integrated cannabis facility in Modesto California, as announced on February 4, 2019. Any remaining funds will be used for equipment acquisition and general working capital. The Company anticipates using debt financing in combination with the capital from this private placement to secure the facility. The completion of the Offering will be conditional upon the Company being in a position to complete the facility acquisition.

The terms of the Units under the Offering remain unchanged as previously announced. Upon the closing of the Offering the Company shall: 1) pay the Agents a commission equal to 8.0% of the gross proceeds of the Offering, payable in cash or in units at the discretion of the Agents; and 2) issue to the Agents compensation options (the "Compensation Options") equal to 8.0% of the units sold, subject to compliance with all required regulatory approvals. The Compensation Options will entitle the Agents to purchase units at an exercise price per compensation option that is equal to the issue price and have a term of 36 months from the closing date. The Company will also pay to the Agents a corporate finance fee of $250,000 of which 50% will be payable in cash and 50% will be payable in units at the issue price.

The Offering may be completed in multiple closings, with the final closing expected to occur on or before March 28, 2019, subject to the receipt of all necessary regulatory approvals. All securities issued pursuant to the Offering will be subject to a four month hold period in accordance with applicable Canadian securities laws.

This press release does not constitute an offer to sell or solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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 providing branding, transportation and distribution services, through its wholly-owned California subsidiaries, to a range of industries including the cannabis marketplace.

For further information, please visit the Company's website at www.transcanna.com or email the Company at info@transcanna.com.

Media Contact
TransCanna@talkshopmedia.com

604-738-2220

On behalf of the Board of Directors

James Pakulis
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 the facility, the terms of the facility acquisition, the payment of finders fees in relation thereto, the ability of the Company to secure financing and the acquisition of appropriate licenses for the facility. 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.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43418

Click on, or paste the following link into your web browser, to view the associated documents http://www.newsfilecorp.com/release/43418


14.03.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



show this

Anleihe im Fokus

Technologiespezialist Hörmann Industries begibt 50 Mio. Euro-Anleihe – Mindestzinssatz von 4,5% p.a.

Die Hörmann Industries GmbH begibt eine neue Unternehmensanleihe mit einem Volumen von bis zu 50 Millionen Euro. Die neue Anleihe der Technologiespezialisten aus Oberbayern (ISIN: NO0010851728 / WKN: A2TSCH) wird im sogenannten Nordic Bond-Format begeben und unterliegt norwegischem Recht.


ISIN: NO0010851728
Stückelung: 1.000 Euro
Zeichnungsmöglichkeit: Börse Frankfurt, über die Haus- oder Direktbank
Mindestzinssatz: 4,500 %
Zinssatz (Kupon) p.a.: Bekanntgabe spätestens nach Ende des Angebotszeitraums,voraussichtlich am 28. Mai 2019
Laufzeit: 5 Jahre

Interview im Fokus

„Das Tempo weiter erhöhen“

Die Mountain Alliance AG befindet sich nach der Übernahme der Mountain Technology AG auf dem Weg zu einem „führenden Investor für digitale Unternehmen“. Den auf über 40 Mio. Euro angewachsenen Portfolio Asset Value sieht CEO Daniel Wild nur als „erfolgreichen Zwischenschritt zu einer Portfoliogröße von mindestens 100 Mio. Euro“. Aber auch auf der Exitseite hat Wild ehrgeizige Pläne: „Wir peilen größere Exits an, die im mittleren bis höheren siebenstelligen Bereich liegen könnten.“

Event im Fokus

m:access Fachkonferenz Immobilien
m:access Fachkonferenz Software/IT


04. Juni 2019: m:access Fachkonferenz Immobilien
05. Juni 2019: m:access Fachkonferenz Software/IT
Veranstaltungsort: Börse München
Mehr Informationen

Zur Veranstaltung können sich nur professionelle Investoren anmelden.

GBC-Fokusbox

Syzygy AG: EBIT-Prognose überfüllt, weiteres Wachstum in Sicht

Mit einer erneut außerordentlich guten Entwicklung der in Deutschland ansässigen Tochtergesellschaften war der SYZYGY-Konzern in der Lage, die Umsatzbasis auf 65,82 Mio. EUR (VJ: 60,67 Mio. EUR) auszubauen. Das Zuwachs von 8,5 % liegt leicht unter der ursprünglichen Unternehmens-Guidance eines zweistelligen Umsatzwachstums. Die Prognose einer EBIT-Marge im oberen einstelligen Bereich wurde aber voll erfüllt. Auf Basis der erreichten Neukundengewinne prognostiziert das Unternehmensmanagement für 2019 ein Umsatzwachstum in einem hohen einstelligen Prozentbereich. Das EBIT sollte um rund 10 % und damit überproportional ansteigen. Unsere Analysten sind weiter positiv für das Unternehmen mit einem Kursziel von 12,15 EUR je Aktie.

Aktueller Webcast

SeaChange Corporation

Needham Emerging Growth Technology Conference

22. Mai 2019

Aktuelle Research-Studie

Schloss Wachenheim AG

Original-Research: Schloss Wachenheim AG (von First Berlin Equity Research GmbH): Kaufen

21. Mai 2019