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by Stockwatch Business Reporter

The TSX Venture Exchange lost 5.28 points to 556.96 Thursday. Tim McCunn's second capital pool shell, Mercal Capital Corp. (MUL: halted), which in February announced a potential qualifying transaction, has now revised its plans. Originally it was going to acquire Serenity CBD Canada Inc., a then-aspiring producer of cannabidiol (CBD) extracted from hemp. CBD is a compound with medicinal benefits and supposedly no psychoactive effects (meaning it will not get you high). Serenity and Mercal did not release the terms of the proposed QT when they announced it in February. Mercal now plans to delist, but it will keep working on a deal with Serenity, which now goes by the name Vitality CBD Natural Health Products Inc. Since February, Serenity/Vitality has acquired 33 farms covering about 19,000 acres in Montana and has begun growing hemp there. It has also begun producing CBD isolate at a facility in Eureka, Mont. Elsewhere, Vitality has acquired a 1,000-acre farm in Alberta and a CBD extraction/production facility in New Mexico.

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