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Shell Summary for Feb. 14, 2018

2018-02-14 21:02 ET - Market Summary

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by Stockwatch Business Reporter

The TSX Venture Exchange gained 14.99 points to 836.17 Wednesday. Marc Sontrop has listed his second capital pool shell, Aim2 Ventures Inc. (AIMV), with a $500,000 initial public offering at 10 cents. Today it rose nine cents to 19 cents on 109,000 shares. We last spoke about Aim2 in the Shell Summary for Jan. 25, 2018. It is Mr. Sontrop's second shell in five months. He listed his first, Aim1 Ventures Inc. (AIMI), in September, 2017, with a $427,650 IPO at 10 cents. It is currently halted, last at 32 cents, pending a qualifying transaction to acquire James E. Wagner Cultivation Ltd., a licensed marijuana producer. Aim1 plans to roll back 1 for 7.5, so IPO shareholders will be looking for a break-even price of 75 cents. Aim1's chief executive officer, Aaron Salz, 26, will likely remain on the board. He has his own marijuana consultancy company, and he previously worked as a marijuana research analyst with Dundee Capital Markets. He does not appear at Aim2.

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