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by Stockwatch Business Reporter

The TSX Venture Exchange increased a fraction to 696.05 Tuesday. David Danziger's halted capital pool shell, Aumento Capital IV Corp. (ACV), plans to complete its qualifying transaction by acquiring Life Choices Natural Foods Corp. on or about April 22.

The shell will roll back its shares 1:2, leaving it with 804,650 postconsolidated shares, and then issue about 18,602,944 postconsolidated shares to the shareholders of Life Choices, assuming the target's broker, Canaccord Genuity Corp., is able to sell a $5.3-million private placement of 3,897,059 shares at $1.36 before listing. Aumento will then change its name to GreenSpace Brands Inc. The largest shareholder following the deal will be Matthew von Teichman-Logischen with 6,036,843 shares. He will also join the board and take over as chief executive officer. Mr. von Teichman-Logischen is a businessman who founded Life Choices, which in 2002 first introduced a line of ready-made frozen dinners called OrganiCuisine that were sold in Loblaws. In 2006, Life Choices added chicken nuggets, chicken strips and fish sticks to its list of products for sale, and then over the years it added hot dogs, sausages and burgers. The company's products are from grass-fed or pasture-raised meat that is raised without the use of added hormones and antibiotics. Between 2008 and 2011, Life Choices attempted to enter the U.S. market but that was a failure. These days, its products are available across Canada at all the well-known grocery stores, including Whole Foods, Safeway, Sobeys and Loblaws. Last year, Life Choices launched an Australian yogurt brand called Yamba Yogurt, followed by a grass-fed dairy business called Rolling Meadows, which sells milk, yogurt and butter. Despite the company's 10-plus years of doing business and its wide portfolio of meat and dairy products, Life Choices remains small, with 10 full-time and up to six part-time employees, and it is also unprofitable, having lost $855,242 on revenue of $2.2-million in the nine-month period ended Dec. 31, 2014. Actually, 10 full-timers and six part-timers is a big increase, up from three full-time and one part-time employees in the fiscal year ended March 31, 2014.

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