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Shell Summary for Oct. 10, 2019

2019-10-10 21:41 ET - Market Summary

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by Stockwatch Business Reporter

The TSX Venture Exchange lost 7.96 points to close at 542.64 Thursday. Marc Lustig and Michael Ruscetta's shell graduate and cannabis-focused lending firm, Trichome Financial Corp. (TFC: $1.42), began trading today. It reached an intraday high of $1.80 before closing at $1.42 on 132,000 shares.

Trichome is a spinoff from Mr. Lustig's CannaRoyalty Corp. (OH: $5.27). Doing business as Origin House, CannaRoyalty is a California marijuana distributor as well as a Canadian vape retailer. Its spinoff, Trichome Financial, has arranged six lending deals since its formation in 2017. It is now working on three more. Among Trichome's debtors are James E. Wagner Cultivation Corp. (JWCA: $0.465), MYM Nutraceuticals Inc. (MYM: $0.125) and a subsidiary of Invictus MD Strategies Corp. (GENE: $0.15). James E. Wagner's stock has fallen to 46.5 cents today from $1.28 in April. MYM Nutraceuticals has declined to 12.5 cents today from $1.23 a year ago. Invictus has declined to 15 cents today from $1.89 a year ago.

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