QualityStocksNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) Enters LOI for Acquisition of Goodfellas Group, LLC
TransCanna Holdings (CSE: TCAN) (XETR: TH8) today announced that it has signed a non-binding letter of intent to acquire a full service advertising and marketing agency for the cannabis and hemp industries, Goodfellas Group, LLC, from which TransCanna is already acquiring 23 branding agreements. 60 percent of acquisition price (two times the previous 12 months revenues, at the time of execution of definitive agreements, as set forth in Goodfellas audited financial statements), will be paid at closing, half of which payable in cash and half payable through the issuance of the company's common shares. The remaining 40 percent of the…