13:29:29 EDT Tue 21 May 2019
Enter Symbol
or Name

Login ID:
Shell Summary
Symbol C : *MKTSHEL
Recent Sedar Documents

Shell Summary for Feb. 22, 2019

2019-02-22 20:48 ET - Market Summary

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

The TSX Venture Exchange closed up 1.66 points to 623.27 Friday, ending the week up 7.34 points. David Sidoo's NEX shell, Seaway Energy Services Inc. (SEW: halted), plans to acquire Sweet Earth Holdings Corp., an Oregon hemp producer. The shell will roll back 1 for 2.5, leaving it with 11,137,033 shares issued, then issue 56,510,736 shares to its target's shareholders.

Sweet Earth has 30,000 square feet of greenhouse space and 22 acres of outdoor growing space in Oregon. It sells the following hemp products: capsules, tinctures, lotions, tea and a Chilean berry antioxidant drink. The company plans to add products and expand its operations into California, but raising money will no doubt be a priority. It has $2.1-million (U.S.) in the bank and does not say whether it is profitable.

On closing of this deal, the resulting issuer will have five directors: Travis Luther, Farinaz Wadia, Leon Ho, Chris Cooper and Peter Espig. Mr. Luther, a marijuana grower, will be the chief executive officer. Ms. Wadia is his wife. They own a company in Oregon called Forcefield, which designs, builds, and supplies equipment and materials for greenhouses (such as plastic covering, doors, lights and fans).

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2019 Canjex Publishing Ltd. All rights reserved.

Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.