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by Stockwatch Business Reporter

The TSX Venture Exchange closed up 3.96 points to 612.22 Tuesday. Rana Vig's capital pool shell, Jinhua Capital Corp. (JHC: halted), plans to acquire Lions Bay Holdings Inc. for the shell's qualifying transaction. The shell, which has 4,266,667 shares issued, will issue 42 million shares to its target's shareholders. To raise money for the resulting issuer, Jinhua and Lions Bay together plan to sell $1.5-million worth of units at 15 cents. Each unit will comprise one share and one warrant, exercisable at 35 cents for one year.

Lions Bay is an investment firm in Vancouver. It was founded in March, 2018. It describes its investment focus as revenue-generating agriculture operations in North America, specifically berry farms, hemp farms, hop farms, and livestock farms producing meat and eggs. So far, Lions Bay has acquired a 50-acre hop farm in Chilliwack and a 120-acre hop farm in Agassiz. (Hop is mainly used in making beer.) Lions Bay mentions hemp but not marijuana.

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