QualityStocksNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Enters Exclusive Agreement to Acquire Lifestyle Delivery Systems
TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) on Saturday announced its entry into an exclusive agreement for the acquisition of Lifestyle Delivery Systems Inc. (CSE: LDS) (FSE: LD6) (WKN: A14XHT) (OTCQX: LDSYF) ("LDS"). According to the update, the companies will negotiate a proposed business combination that’s expected to involve TransCanna’s acquisition of all outstanding common shares of LDS at a price equal to the greater of $51,660,140 payable in common shares of TransCanna and the amount resulting from a fixed exchange ratio of one TransCanna common share for every 10 LDS common shares. "This has the potential to be a…