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Shell Summary for April 22, 2020

2020-04-22 20:38 ET - Market Summary

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by Stockwatch Business Reporter

The TSX Venture Exchange climbed 14.72 points to 452.66 Wednesday. Matei Olaru's shell graduate, Lift & Co. Corp. (LIFT), fell one-half cent to two cents on 234,800 shares. It has declined gradually but relentlessly from 41.5 cents in the past year. Lift operates a website where users can review or buy cannabis products manufactured by other companies. Those products range from marijuana joints and marijuana chocolates to cannabidiol oral sprays and cannabis body cream. Lift also organizes a three-day event called the Lift & Co. Cannabis Expo, which it typically holds twice a year, once in Vancouver and once in Toronto. It charges entry fees to those expos. It held its 2020 Vancouver expo in January, while its 2020 Toronto expo is so far scheduled for late November. In the nine months ended Dec. 31, 2019, Lift lost $2.52-million on revenue of $4.62-million. It ended the period with a working capital deficit of $5.39-million.

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