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Newstrike Brands Ltd NWKRF

"Newstrike Brands Ltd is a licensed producer and cultivator of medical cannabis based in Brantford, Ontario. The company cultivates and sells both forms including dried and fresh marihuana."


OTCPK:NWKRF - Post by User

Comment by VENManon Nov 19, 2017 12:44pm
360 Views
Post# 26992107

RE:What happens tomorrow, trading like usual?

RE:What happens tomorrow, trading like usual?Yes for a while you will still trade as HIP but your share price will be in line with CMED shares at .033. So if CMED is trading at $19 HIP should be trading at $19 X .033 = .63 cents but if CMED trades lower to $18 then HIP also moves lower to .60. The market may place a small discount on your HIP shares for the fact that the deal is not actually complete. This is why CMED is not trading at $24 because the market is factoring in a discount if the deal does not get done and why CMED trades at $19. If all goes well the day will come when CMED puts out a news release saying on such and such a date all HIP shares will convert to CMED shares and on that date the HIP shares in your account will convert to CMED shares. ALL IMO!  Best of luck to everyone and I hope on July 18 2017 we all see some UP Cannabis in every Retail Store that opens up in Canada. 
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