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by Stockwatch Business Reporter

The TSX Venture Exchange lost 9.05 points to 593.10 Monday. Donald Wright, Avi Grewal and John O'Sullivan's second capital pool shell, Cinaport Acquisition Corp. II (CPQ: halted), has filed an information circular for its shareholders meeting to be held on Dec. 4. Shareholders will vote on a rollback and a name change in connection with the shell's qualifying transaction, which is the acquisition of a marijuana retailer called Fire & Flower Inc. Cinaport II plans to roll back 1 for 10.64815, leaving it with 1,446,260 shares issued, then issue 103,683,159 shares to Fire & Flower's shareholders and debenture holders. On closing of the QT, Cinaport II will change its name to Fire & Flower Holdings Corp. Shareholders of the shell do not need to approve the acquisition itself, because it is an arm's-length deal.

The QT target, Fire & Flower, operates six marijuana retail stores in Alberta and two in Saskatchewan. It expects to open four more stores in Alberta soon. In connection with its expansion plans, which also include opening stores in Manitoba, British Columbia and Ontario, Fire & Flower has sold a $36.5-million private placement at $1.50 to 180 investors. Previously, in the spring and summer, it sold $19.2-million worth of shares at 80 cents, also by private placement.

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