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Shell Summary for Oct. 8, 2019

2019-10-08 21:12 ET - Market Summary

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by Stockwatch Business Reporter

The TSX Venture Exchange closed down 3.45 points to 552.67 Tuesday. Ronnie Jaegermann's first capital pool shell, Cann-is Capital Corp. (NIS: halted), plans to acquire CWE European Holdings Ltd. for the shell's qualifying transaction. The acquisition terms are not yet available.

CWE European Holdings was incorporated only four months ago. Its address is in Calgary. Its directors and major shareholders are as yet unknown, but their names will be disclosed eventually, if not in a news release then in the shell's required QT filing statement. What we know so far is that CWE European Holdings has acquired a company called DCI Cannabis Institut GmbH, an operator of six German retail stores for hemp products and CBD (cannabidiol) products. The six stores are called Hanf (the German word for hemp). Hanf sells the usual hemp seeds and hemp oils, as well as hemp-infused food and drinks (specifically cheese, pesto, sausage, coffee, tea and vodka), hemp-based personal care products (including cosmetics and toothpaste), and hemp clothing. The founder and chief executive officer of DCI Cannabis Institut is Wenzel Cerveny, 58, a former restaurateur living in Munich.

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