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by Stockwatch Business Reporter

The TSX Venture Exchange fell 2.64 points to 749.90 Tuesday. Tony Ruggieri's halted NEX shell, GEA Technologies Ltd. (GEA), plans to acquire a marijuana company in Denver called DropLeaf LLC. The shell, which has 10,541,400 common shares issued, will issue 16,623,788 common shares and 1,836,628 preferred shares to its target's shareholders. Each preferred share will be convertible into 100 common shares.

DropLeaf was founded in 2014 as the exclusive licensee for the JuJu Royal brand, which was created by one of Bob Marley's sons, Julian Marley. The product line includes four strains of marijuana, vape pens and liquids, marijuana tablets, marijuana oil extracts, shirts, hats, and skateboard decks. Some items are autographed by Julian Marley.

DropLeaf's revenue comes from sublicensing the JuJu Royal brand. In 2016, it lost $387,547 on revenue of $387,116. In 2015, it lost $576,861 on revenue of $33,212. In 2015, DropLeaf committed to donating 1 per cent of its annual sales to charity -- unprofitable but fashionable.

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