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Newstrike Brands Ltd > Thoughts on Inner Spirit Holdings - Concern for HIP ?

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Comment by BUYING4MEon Aug 03, 2018 11:37am

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Post# 28410547

RE:Thoughts on Inner Spirit Holdings - Concern for HIP ?

I believe ISH has potential to be bought out, simply from their CEO's previous success of building "Watch It!" franchises across Canada. They've applied for 22 storefronts, and according to Calgary Herald they may know as early as next week if they get them. IMO this is positive news for HIP, but I don't know what will happen if Canopy or Aurora decide to go after them.

https://calgaryherald.com/news/local-news/calgary-launches-review-of-cannabis-store-applications

quinlash wrote: Just throwing this out there to see what everyone thinks... so Inner Spirit just went public this week (symbol ISH) and they are the only big pot franchise in Canada and one of the retailers for HIP. My concern is that if some agressive company came in (humm.. like maybe Aurora?) and was successful in a takeover bid, what would that mean to HIP? Is is possible that they could null and void agreements with competing POT growers in favor of their own product?

I just averaged down HIP this morning and now I'm concerned that a takeover of ISH could pull the rug out from under HIP...

Thoughts ?