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by Stockwatch Business Reporter
The TSX Venture Exchange gained 1.57 points to 777.71 Wednesday. David Mitchell's sixth capital pool shell, MJ Opportunity Corp. (MJC: halted), plans to acquire Lift Co. Ltd. (formerly Lift Cannabis Co. Ltd.) for the shell's qualifying transaction. The terms of the QT are not yet available, but the shell's 4,521,000 shares are being valued at $1.13-million (or 25 cents a share), while the target's 39.55 million common shares and 14.33 million preferred shares are being valued at a combined $60-million (or about $1.11 a share).
Lift has a website where users can compare marijuana products. If users submit product reviews, then they earn points that will give them discounts for products in Lift's on-line store. The company also organizes events. In January, it held the Lift Cannabis Business Conference and the Lift Cannabis Expo in Vancouver. On May 25, it will hold the Lift Cannabis Business Conference in Toronto, for which tickets cost $50. Then on May 26 and 27, it will hold the Lift Cannabis Expo in Toronto, for which tickets cost $20 (valid for entry on both days).
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