TransCanna Closes Asset Transfer Transaction, Provides Update On CTO
Portfolio Pulse from Vuk Zdinjak
TransCanna Holdings Inc. has closed the asset transfer transactions approved by its shareholders. The transactions involved Pelorus Fund REIT, LLC, Dalvi, LLC, Lyfted Farms, Inc., and James R. Blink. The company is still under a cease trade order by the British Columbia Securities Commission due to not filing its audited annual financial statements. The company expects to complete all filings by the end of September.
August 22, 2023 | 1:21 pm
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TransCanna has closed asset transfer transactions and is under a cease trade order due to not filing its audited annual financial statements. The company expects to complete all filings by the end of September.
The closing of the asset transfer transactions is a positive development for TransCanna. However, the cease trade order and the delay in filing its audited annual financial statements could negatively impact investor confidence in the short term. The company's expectation to complete all filings by the end of September could mitigate some of these concerns.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100