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Shell Summary for May 31, 2019

2019-05-31 21:36 ET - Market Summary

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by Stockwatch Business Reporter

The TSX Venture Exchange slipped a fraction to 601.55 Friday, ending the month down 9.77 points. David Mitchell's seventh capital pool shell, Commerce Acquisition Corp., has closed its qualifying transaction by launching a health supplements company, Mimi's Rock Corp. (MIMI: $1.10). Today, the stock opened at $1.25 and closed at $1.10 on 1.38 million shares.

Mimi's Rock sells its products on Amazon, mostly to U.S. customers, under the brand name Dr. Tobias. Among the products are Dr. Tobias Omega-3 Fish Oil and Dr. Tobias Colon 14-Day Cleanse. The former costs $29.97 (U.S.) per bottle containing 180 capsules, good for 90 days, while the latter costs $12.87 (U.S.) per bottle containing 28 capsules, good for 14 days.

In 2017, the operating subsidiary of Mimi's Rock, DTI GmbH, earned $3.94-million (U.S.) on revenue of $21.03-million (U.S.). In the first half of 2018, it earned $2-million (U.S.) on revenue of $13.47-million (U.S.).

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