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Shell Summary for Dec. 17, 2019

2019-12-17 21:38 ET - Market Summary

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by Stockwatch Business Reporter

The TSX Venture Exchange gained 1.94 points to close at 543.55 Tuesday. Two capital pool shells have closed their initial public offerings and will begin trading on Thursday. One of them is Joel Freudman and Trumbull Fisher's first capital pool shell, Holly Street Capital Ltd. (HSC), which sold a $250,000 IPO at 10 cents. The IPO agent was Echelon Wealth Partners Inc.

Mr. Freudman, 34, is a lawyer in Toronto. He worked for RBC Wealth Management as a lawyer from October, 2014, to September, 2015. He then worked for Industrial Alliance's iA Private Wealth Management as a lawyer from September, 2015, to April, 2017. These days, he is the president and chief executive officer of an NEX shell, Trius Investments Inc. (TRU), which is halted pending a deal with Starling Brands Inc., a California maker of cannabis derivatives. We discussed this deal in detail in the Shell Summary for Oct. 23, 2019. Mr. Freudman plans to resign from Trius on closing of the shell deal; nominees of Starling will take over.

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