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Shell Summary for Dec. 13, 2019

2019-12-13 20:41 ET - Market Summary

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by Stockwatch Business Reporter

The TSX Venture Exchange gained 4.01 points to close at 540.53 Friday, ending the week up 2.71 points. Paul Andreola and Luke Montaine's capital pool shell, Ironwood Capital Corp. (IRN: halted), plans to acquire a Vancouver tech start-up called 1Five2 Tech Solutions Ltd. for the shell's qualifying transaction. The shell, which has 3,562,001 shares issued, will issue 30.2 million shares to its target's shareholders.

1Five2 Tech was founded in late 2015 or 2016. It is working on a software platform for retailers. It uses several unhelpful phrases that are common among tech start-ups, for example: "smart retail solutions," "secure business data," "software as a service," "easy to operate and maintain," "streamline business processes," "reduce wait times," "improve the overall customer experience," and "maximum growth potential," which are altogether many words that tell us almost nothing. 1Five2 Tech, which used to be called Centreel Systems as well as TokeIt Technologies Ltd., has been a lot more specific and informative in previous years. It has talked up its software platform as a "seed-to-last-mile" platform for marijuana growers, distributors, retailers and consumers. Among the platform's previously highlighted features were supply chain management, inventory tracking, human resource management, on-line or mobile ordering, payment processing, invoicing, and predictive analysis (for instance, analyzing and predicting sales and consumer behaviours). The company has also mentioned a scanning and verification feature for identification cards, to ensure that consumers are of legal age when they place orders on-line or at dispensaries.

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