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by Stockwatch Business Reporter
The TSX Venture Exchange lost 1.81 points to close at 740.10 Friday, but it ended the week up 0.14 point. Mohammad Fazil's first capital pool shell, Harbour Star Capital Inc. (HSC: halted), has submitted a filing statement for its acquisition of EastWest Bioscience Inc., a maker of hemp products. The shell, which has 7,647,500 shares issued, will issue 67,470,707 shares to its target's shareholders.
EastWest owns a 31,000-square-foot manufacturing facility and warehouse in Penticton, B.C. There, it manufactures hemp-based health supplements for sale under the brand name Natural Advancement. Its supplements include one kind that relieves joint pain and another that relieves menopausal symptoms. EastWest also offers hemp food products, such as hemp seeds, under the brand name Earth's Menu. It also makes hemp-based pet food under the brand name Natural Pet Science. In the first quarter, EastWest lost $488,876 on meagre sales of $6,392.
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