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by Stockwatch Business Reporter
The TSX Venture Exchange lost 3.30 points to 826.02 Friday. Damian Kettlewell's Blissco Cannabis Corp. (BLIS) has completed its qualifying transaction. The stock, which is listed on the Canadian Securities Exchange, began trading today, opening at 70 cents and closing at 62 cents on 1.21 million shares. Blissco is building a marijuana growing facility in Langley, B.C., where it hopes to finish construction this month, and obtain a production licence in April. Blissco is also hoping to become a marijuana distributor, so in the meantime it has entered a supply agreement with Nav Dhaliwal's The Supreme Cannabis Company Inc. (FIRE: $1.86). Supreme will supply Blissco with 1,000 kilograms of dried marijuana a month, beginning July 1. Supreme has also bought $3-million worth of Blissco shares, for 10.1 per cent of the company.
Blissco was previously a Hari Varshney NEX shell, Trigen Resources Inc. Mr. Varshey has not joined the target, but his son, Praveen Varshney, will remain on the board. He is an accountant and president of two other Varshney NEX shells: Westbay Ventures Inc. (WEST: $0.47) and Bluerock Ventures Corp. (BCR: $0.255). The rest of Blissco's board includes founder Damian Kettlewell, his father John Kettlewell, Supreme Cannabis's Nav Dhaliwall and Gerald Proctor.
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