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Shell Summary for April 25, 2019

2019-04-25 20:45 ET - Market Summary

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by Stockwatch Business Reporter

The TSX Venture Exchange gained a fraction to close at 608.87 Thursday. James Cassina's first capital pool shell, Good2go Corp. (GOTO: halted), plans to acquire Garyn Angel Enterprises Inc., doing business as MagicalButter. The acquisition terms are not yet available, except the shell plans to roll back its 5.2 million shares.

MagicalButter is a company near Tampa, Fla. It sells a kitchen appliance called the MagicalButter machine, which it describes as a "botanical extraction machine." In the QT announcement, there was no mention of marijuana, perhaps because Good2go is listed on the TSX-V while its QT target is a U.S. marijuana business. Nevertheless, the MagicalButter machine is clearly being hyped as a marijuana extraction appliance. That is precisely how the machine was presented in an article on the National Geographic website in 2014 and in another article on the Forbes website in 2018.

The MagicalButter machine is 14 inches tall, about the size of a small blender or a large pitcher. It extracts what the company calls "nutrients" from "herbs" and then mixes those "nutrient-rich extracts" with butter, oils, tinctures or lotions. The company's website provides dozens of recipes, including one that uses marijuana-infused butter to make turkey sauce and another one that uses a marijuana tincture to make gummies.

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