This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.
Here is a sample of this item:
by Stockwatch Business Reporter
The TSX Venture Exchange gained 1.57 points to 777.71 Wednesday. David Mitchell's sixth capital pool shell, MJ Opportunity Corp. (MJC: halted), plans to acquire Lift Co. Ltd. (formerly Lift Cannabis Co. Ltd.) for the shell's qualifying transaction. The terms of the QT are not yet available, but the shell's 4,521,000 shares are being valued at $1.13-million (or 25 cents a share), while the target's 39.55 million common shares and 14.33 million preferred shares are being valued at a combined $60-million (or about $1.11 a share).
Lift has a website where users can compare marijuana products. If users submit product reviews, then they earn points that will give them discounts for products in Lift's on-line store. The company also organizes events. In January, it held the Lift Cannabis Business Conference and the Lift Cannabis Expo in Vancouver. On May 25, it will hold the Lift Cannabis Business Conference in Toronto, for which tickets cost $50. Then on May 26 and 27, it will hold the Lift Cannabis Expo in Toronto, for which tickets cost $20 (valid for entry on both days).
The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS
© 2018 Canjex Publishing Ltd. All rights reserved.
Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted.Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.