12:12:38 EDT Fri 18 Oct 2019
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save

Shell Summary for July 3, 2019

2019-07-03 21:17 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 gained a fraction to close at 586.16 Wednesday. Moe Dilon's capital pool shell, Wangton Capital Corp. (WT: halted), has arranged a Swiss cannabidiol (CBD) deal for its qualifying transaction. The shell plans to acquire six Swiss start-ups from Bargella Invest AG, a holding company in Basel. The acquisition terms are not yet available. To raise money for its acquisition targets, Wangton Capital plans to sell a $3-million (U.S.) private placement. Financing terms are not yet available.

Cannabidiol or CBD is one of the compounds found in the cannabis plant. It is said to be helpful in treating pain and anxiety. In Switzerland, hemp (which is a non-psychoactive type of the cannabis plant) is legal. Meanwhile, marijuana (which is a psychoactive type) is illegal for recreational purposes. In 2013, possession and consumption of small amounts of recreational marijuana were decriminalized. Marijuana may legally be consumed for medical purposes, but government approval is required for both the product and the consumer. So far, only one medical marijuana product is government approved: the Sativex oral spray. Recently, the Swiss government began looking into easing its medical marijuana laws and legalizing recreational marijuana. In February, 2019, it announced a plan to allow 5,000 Swiss adults to smoke marijuana recreationally as part of a pilot study. The government estimates that 200,000 locals use recreational marijuana, despite its illegal status.

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.