Newstrike Brands Ltd NWKRF

Healthcare Biotechnology Cannabis

"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."

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Newstrike Brands Ltd > This is how rumors start

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Comment by BUYING4MEon Sep 19, 2018 7:34am

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Post# 28644772

RE:RE:RE:This is how rumors start

Stop lying and read the investor update;

At the end of the second quarter, we reported $8.2 million in dried and finished goods cannabis inventory and work in progress biological assets that will yield approximately 1,000 kg of additional cannabis. This will allow us to fulfill initial orders that have already been received from the provinces.

Read more at https://www.stockhouse.com/news/press-releases/2018/09/13/newstrike-ceo-update-to-shareholders#qm93px3w5U5YFVUg.99

blinnAF wrote:
this is really missleading like ya they they took a loss they aren't selling anything yet they made sure they put that in there but notice they didint mention UP has a 125 million cash cushion take a look at what the other companies are spending on their operating expenses and you will see this isint any thing outlandish

its also interesting they never mentioned the 10 milion plus dollars worth of inventory they have

this is just to scare down the price