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by Stockwatch Business Reporter

The TSX Venture Exchange fell a fraction to 663.84 Monday. Last week, Georges Durst's NEX shell, Saratoga Electronic Solutions Inc. (ABA), completed its reverse takeover of Abba Medix Corp., launching yet another hopeful medical marijuana producer on the Canadian Securities Exchange. Today the stock closed at 40 cents on 82,500 shares.

Saratoga issued 42,780,064 shares to the shareholders of Abba Medix and then transferred to the CSE, changing its symbol to ABA. Abba's founder, Ray Rasouli, controls 32 million Saratoga shares (he owns a portion personally and the rest are held in trust for his family). The remainder of the shares that Saratoga issued went to 70 shareholders who had subscribed to a series of private placements completed by Abba between October, 2014, and February, 2015. The company raised $2.52-million by selling 10,780,064 shares at about 23.4 cents a share. The largest subscribers to the financings were Dr. Howard Platnick and Donald Bayer, each of whom invested $125,250 and now owns 534,400 Saratoga shares. Dr. Platnick is a general practitioner in Toronto; Mr. Bayer is the president of MonsterMortage.ca Inc.

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