18:32:47 EDT Sun 20 Oct 2019
Enter Symbol
or Name
USA
CA



Cannabis Summary for Oct. 7, 2019

2019-10-07 21:28 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 Canadian Securities Exchange Composite Index dropped 7.72 points to 469.39 Monday. Halo Labs Inc. (HALO) lost a cent to 26 cents on 1.68 million shares after it entered a definitive agreement to acquire Cannpos Services Corp. for $4.69-million in Halo shares. Cannpos is a software company that is working on developing an app for dispensaries. When and if completed, the app will allow customers to "electronically interact" with dispensaries to get rid of lineups, or as the company pompously puts it, "to alleviate customer flow constraints." Halo says Cannpos will also allow dispensaries to advertise its products and services. Halo plans to rename the app as "DispensaryTrack" and sell it to dispensaries for a monthly fee, which sounds like renting but apparently is not. As a condition of closing the deal, Halo hopes to complete a $3-million private placement at 31 cents a share. Halo intends to use the proceeds to develop DispensaryTrack.

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

© 2019 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.