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by Stockwatch Business Reporter

The TSX Venture Exchange slipped 3.39 points to 637.82 Friday, but it ended the week up 10.05 points. Gary Zak's NEX shell, CBD Med Research Corp., has closed its acquisition of an aspiring marijuana oil extraction company in Ontario. Today, the resulting issuer began trading on the Canadian Securities Exchange as World Class Extractions Inc. (PUMP: $0.145). It opened at 16.5 cents and closed at 14.5 cents on 25.1 million shares. There are 451.18 million shares issued, so it is about time for a good, stiff rollback.

Meanwhile, World Class is working on its marijuana oil and hemp oil extraction technology. So far, it has tested the extraction process on "certain botanicals but not hemp or cannabis." It does not yet generate revenue. It is building a 5,000-square-foot commercial-scale pilot extraction facility in Cobourg, Ont., within a marijuana production facility belonging to FSD Pharma Inc. (HUGE: $0.23). World Class expects to finish building its extraction facility later this year. Among its marijuana oil customers will be its landlord, FSD Pharma. World Class has also arranged to provide hemp oil extraction services to a fellow tenant, Canntab Therapeutics Ltd. (PILL: $0.79). To finance its ambitions, World Class has sold a $23-million private placement at a not-so-world-class 13 cents.

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