TransCanna Completes Sub-Lease of 10,000 Square Foot Facility in Adelanto, CA
2019年4月18日 - 04:30PM
JCN Newswire
TransCanna Holdings Inc. (CSE: TCAN) announces that it has
executed a sub-lease agreement for 10,000 square feet of a
multipurpose facility located in Adelanto, CA. The terms of the
sub-lease agreement is four years at US$2.00 per square foot per
month. The facility is of superior quality and has existing armed
security personnel at all times at the complex.
"As we've represented since the commencement of TransCanna, it's
crucial to have a main facility, which we now have with the
acquisition of the 196,000 square foot vertically integrated
facility in Modesto, and up to five satellite facilities located
strategically throughout the state," stated Jim Pakulis, CEO of
TransCanna.
"This is in preparation for TransCanna to provide our clients with
up to fifteen reliable, consistent branded products in a timely
manner. In order to do that to scale, we needed to have a
significant size nursery, grow, manufacturing, bottling, baking,
extracting, and transportation and distribution facility and
satellite offices, which we now have. Separately but related, we
negotiated lease terms that are approximately thirty percent below
market rates, with the added benefit of a completely fenced complex
and armed security guards present at all times."
The Company has terminated a previously signed LOI for 15,000
square feet for $2.25 per square foot per month. The landlord of
that lease has yet to complete the facility as originally
expected.
The Company has extended its marketing contract with Rok Marketing
(a/k/a Rok Management) on existing terms with the exception of
increasing the number of shares issuable per month to 30,000. All
securities issuable will be subject to a four month hold period
pursuant to the policies of the CSE.
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. Please
visit the Company's website at www.transcanna.com or email the
Company at info@transcanna.com.
Media Contact
TransCanna@talkshopmedia.com
+1-604-738-2220
On behalf of the Board of Directors
James Pakulis
Chief Executive Officer
Telephone: +1-604-609-6199
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. 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.
Source: TransCanna Holdings Inc.
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