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by Stockwatch Business Reporter

The TSX Venture Exchange fell 7.20 points to 673.79 Tuesday. Dave Eto's first capital pool shell, Kanzen Capital Corp. (KAN: halted), has signed a definitive agreement for its acquisition of Geyser Management Inc., an aspiring marijuana and hemp company in British Columbia. This will serve as the shell's qualifying transaction. Kanzen will roll back 1 for 1.5, leaving it with 3,666,666 shares issued, then issue 10,599,717 shares to Geyser's shareholders. Kanzen may also issue up to 22.5 million more shares depending on the achievement of milestones. For instance, it will issue three million shares once Geyser receives a marijuana cultivation licence. Geyser does not yet say where in B.C. its marijuana facility is or how large it is, but as a late-stage applicant for a cultivation licence, Geyser would generally be assumed to have such a facility.

The resulting issuer will be called Geyser Brands Inc. It will have five directors, including Aerock Fox, Brad Kersch and Andreas Thatcher. These three Vancouver men have experience in the film industry. Mr. Fox will be Geyser Brands' chief financial officer, Mr. Kersch will be the president and Mr. Thatcher will be the chief executive officer. So far, lots of chiefs but very few Indians.

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