Fountain Asset Corp.'s Investee Company, The Hydropothecary Corporation, Closes a $15 Million Financing and Signs Definitive Agreement with BFK Capital

Fountain Asset (TSXV:FA) has announced that its client company, The Hydropothecary Corporation, based in Quebec and licensed to sell marijuana, has closed a $15 million equity raise at a price of $4.50 per share. Product innovation, high quality, and customer service are the top priorities for THC, and as such they are well positioned to continue to grow within the medical marijuana market, as well as the upcoming Canadian recreational market.
As quoted in the press release:

THC also signed a definitive agreement with BFK Capital Corp. In a press release issued on November 18, 2016, THC announced that it had entered into a non-binding letter of intent with BFK Capital Corp. (BFK-P.V) (“BFK”), a Capital Pool Company, to complete a business combination (the “Transaction”). BFK is a company existing under the laws of Ontario, a reporting issuer in British Columbia, Alberta and Ontario, and a Capital Pool Company listed on the TSX Venture Exchange (the “Exchange”). BFK has not commenced commercial operations and has no assets other than cash. If completed, the Transaction will constitute BFK`s Qualifying Transaction pursuant to the policies of the Exchange.

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