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by Stockwatch Business Reporter
The TSX Venture Exchange fell 6.27 points to 818.87 Wednesday. David Danziger's suspended capital pool shell, Aumento Capital V Corp. (AMN), has completed its qualifying transaction by acquiring a licensed marijuana grower in Aylmer, Ont., called WeedMD Rx Inc. The shell, which had 1,939,682 issued shares, issued 58,577,376 shares to its target's shareholders.
Aumento Capital V expects to begin trading under a new name, WeedMD Inc., on April 27. Shell-maker Mr. Danziger will remain a director of the resulting issuer, but he has resigned as the chief executive officer. WeedMD Rx's CEO, Bruce Scully, has taken over. He is a former vice-president of operations at Leisureworld Senior Care Corp., now called Sienna Senior Living Inc. (SIA: $17.69). WeedMD Rx's chairman, Michael Kraft, will continue as the chairman of the resulting issuer. He is the founder and president of Lingo Media Corp. (LM: $0.345), a seller of ESL books and ESL software. He is also the chairman of Buckingham Group Ltd.,
which describes itself as a merchant bank.
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