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Shell Summary for Oct. 11, 2019

2019-10-11 21:28 ET - Market Summary

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by Stockwatch Business Reporter

The TSX Venture Exchange fell 1.84 points to 540.76 Friday, ending the week down 18.00 points. Thane Ritchie and Trevor Peters's first capital pool shell, Global Investments Capital Corp. (GLIN: halted), plans to acquire an aspiring U.S. CBD (cannabidiol) products company, Clerisy Corp., for the shell's qualifying transaction. The acquisition terms are not yet available, but the shell will roll back 1 for 3.333, which will leave it with 2,700,270 shares issued.

Clerisy was not originally a CBD promotion. It was founded in 2005 in Rochester, N.Y., by Dr. Mary Maida, who holds a PhD in molecular neuroscience. In 2009, Clerisy began selling its line of products called Nasal SoftStrips. One type of these nasal strips smelled like lavender and supposedly helped relieve stress and ease tension. Another type smelled like peppermint and supposedly helped curb one's appetite. The Nasal SoftStrips were approved by the U.S. Food and Drug Administration. When Clerisy launched them in 2009, they were first sold through Costco.

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