Connect with us

Food & Drinks

TransCanna Acquires California-based SolDaze

Jane Summers

Published

on

TransCanna Acquires California-based SolDaze and Its Organic Cannabis-Infused Fruit Snacks
- Ad -

In a May 15, 2019 press release, Transcanna Holdings announced that it has acquired the SolDaze asset branding package. SolDaze is a limited liability company based in Santa, Cruz California, that does not appear to sell hemp-CBD products. The acquisition was executed by a non-binding Letter of Intent. SolDaze operates in California, which has legalized adult-use of marijuana. However, despite state laws, marijuana remains illegal under federal law.

According to Jim Pakulis, who is the CEO of TransCanna, “Having reviewed over 100 branded products in California, we’ve been extremely selective in our acquisition vetting process. Our three mandatory acquisition criteria include SKU velocity, upward trending revenues and products that differentiate themselves in the marketplace.”

He also added that the acquisition is a beneficial move for SolDaze, stating “TransCanna’s platform, including the 196,000-square-foot facility; their commitment to supplying the necessary capital for our immediate growth; and their adherence to compliance will provide SolDaze the tools and guidance that are mandatory in order to be successful and scale in California.”

All information is for general informational and educational purposes only. Nothing should be interpreted as legal or wellness advice.

Jane is a regular contributor who learned about the great benefits of CBD a few years ago after starting it herself. Impressed by its effects, she's interested in helping others learn about options that can be helpful for them.

Continue Reading

Ultimate CBD Guide


Disclaimer

ultimate-cbd-products-company-guidepopular-cbd-health-benefits best-cannabidiol-guide-resources hemp guide

TimesofCBD is the most active daily CBD news publication featuring the latest cannabis industry stories and marijuana market trends. As the leader in CBD-centric content curation, we invite all readers to come for the headlines and stay for the insights. Quality is the top priority when presenting user guides, analyzing product reviews and reporting fact-checked news announcements. All information is for educational and informational purposes only. Disclaimer.

Got news? Email contact@timesofcbd.com