Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Ineedmoneyxxxon Sep 16, 2018 2:31am
317 Views
Post# 28627856

RE:Realistic prices for HIP, HIP.WT.A and HIP.WT by OCT 19,2018

RE:Realistic prices for HIP, HIP.WT.A and HIP.WT by OCT 19,2018
HipForLife wrote: Since the last acquisition for LEAF was 3.2 billion dollars
 
And the last investment by Constellation was 5 billion for only 25% of Canopy (on a dilutive shares added deal).
 
I highly doubt HIP would accept a deal for less than a $2 billion market cap. 
 
Fully diluted we would still have less than 600 million shares outstanding. 
 
$2,000,000,000 ÷ 600,000,000 shares =3.33$ per share. 
 
Warrants would be converted at this price (since there would no longer be time value), which would mean $2.33 for the HIP.WT.A and $1.58 for the HIP.WT warrants. 
 
So huge money is possible with both warrants already trading at more than a 50% discount to current share price of HIP
 
I assume the valuation would be higher though, especially if HIP price drives up significantly, ahead of OCT 17 (also anniversary of Gord Downie’s death).
 
I honestly believe HIP could run up to 5$ by Oct 19, which would be roughly a 3 billion dollar market cap, in a sector that has multiple companies with over 5 billion dollar market caps, I think this is attainable.
 
You do the math on what the warrants would be worth at that point!



making me a believer boss, looking forward to the sit down
<< Previous
Bullboard Posts
Next >>