10:30:24 EDT Sun 25 Oct 2020
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save

Shell Summary for Nov. 14, 2019

2019-11-14 20:38 ET - Market Summary

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

The TSX Venture Exchange lost 3.48 points to close at 527.15 Thursday. Moe Dilon's capital pool shell, Wangton Capital Corp. (WT: halted), plans to acquire Cloud 9 Switzerland LLC and three unnamed related companies for the shell's qualifying transaction. The acquisition terms are not yet available, but the shell and its main target plan to sell a $4-million private placement of units in connection with the QT. There is no offering price yet.

When Cloud 9 describes itself, it comes off as a very busy company. It talks about "products in the food, beverage/spirits, pharmaceutical and cosmetic sectors. The products include the first Swiss-regulatory-compliant hemp Swiss chocolate and innovative cannabinoid-based treatments for glaucoma and asthma, and an innovative CBD [cannabidiol] nanoparticle transdermal skin patch." In reality, Cloud 9 has one product so far, a hemp-infused chocolate bar, and it is not yet on sale. Some of the other products in its self-description are manufactured by, or under development by, other companies.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2020 Canjex Publishing Ltd. All rights reserved.


Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.