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by Stockwatch Business Reporter

The TSX Venture Exchange rose 11.84 points to 668.97 Friday, but still ended the week down 5.9 points. Dave Doherty and Frank Taggart's halted capital pool shell, Saber Capital Corp. (SAB), plans to acquire KindCann Holdings Ltd. for the shell's qualifying transaction. Saber Capital will roll back 1 for 4, leaving it with 4,416,602 postconsolidated shares issued, then issue 24,032,520 postconsolidated shares to KindCann's shareholders.

KindCann, also known as Emblem Cannabis Corp., is a licensed producer of medical marijuana. Its production facility is in Paris, Ont., about an hour from Toronto. Health Canada has received more than 1,000 licence applications under the Marihuana for Medical Purposes Regulations. So far, it has granted only 31 licences to 29 companies. Mettrum Health Corp. (MT: $1.53) holds two licences, one for each of its production facilities. Bedrocan Canada Inc. (now a part of Canopy Growth Corp. (CGC: $2.55)) also holds two licences.

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