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Shell Summary for Aug. 22, 2014

2014-08-22 20:54 ET - Market Summary

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by Stockwatch Business Reporter

The TSX Venture Exchange added 3.39 points to 1,005.58 Friday, ending the week up 9.80 points. On Monday, two licensed producers of medical marijuana, Bedrocan Canada Ltd. and OrganiGram Inc., will list on the TSX-V.

Bedrocan will list on Monday through Pat DiCapo's capital pool shell, POCML 2 Inc. (PCC). The shell has changed its name to Bedrocan Cannabis Corp. and will resume trading under symbol BED. POCML 2 rolled back its shares 1:2, leaving it with three million postconsolidated shares, and issued 64.5 million postconsolidated shares to Bedrocan shareholders. The largest shareholder of Bedrocan Cannabis is a Toronto real estate developer, 84-year-old Murray Goldman, with 9,668,750 shares. Marc Wayne, a businessman and marijuana lobbyist, is Bedrocan's chief executive officer and the second-largest shareholder with 6,977,867 shares. Another large shareholder is Tjalling Erkelens with 6,856,750 shares. He is the founder of Bedrocan Beheer BV, the Dutch government-appointed sole supplier of medical marijuana to pharmacies in the Netherlands. His Bedrocan Beheer also ships its product overseas to Mr. Wayne's Bedrocan Cannabis, and will continue to do so until April, 2015. By then, Bedrocan Cannabis hopes to be selling medical marijuana from a $10-million 52,000-square-foot facility that it plans to build in the greater Toronto area.

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If each of the recently listed "Pot.Com" companies are to be successful, every man, woman, and child in Canada will have to buy and smoke about 3 pounds of weed every day.

Posted by shoes at 2014-08-23 18:55

Just a question. It is well known that "medical" marijuana licences in the past were fronts for weed going into the recreational market. Do all these investors think that there is millions to be made in strictly the 'medical' market?

Does anybody know how much "medical" marijuana would have to be consumed in a day to make profits for the many hopeful companies distributing it?

Posted by shoes at 2014-08-25 16:21


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