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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 goldman777on Oct 02, 2018 10:13pm
118 Views
Post# 28734285

RE:LOL

RE:LOL
DollaBilla wrote: If this stock hits $3.00 to $5.00 by Friday, October 19th.....I'll be a millionaire. 

Not a chance bucco, maybe $2.00 once the numbers start to roll in Q2 - 2019...still a shiteload of uncertainty. Down my back alley is an H.A. hang out, just the other day buddy told me they will be crashing the price hard on everything to maintain sales superiority...I guess 200% profit might not be as good as 700% profit - but profit is profit, fortunately it`s not coke that is being legalized which I believe is one of their more lucrative ventures. Make no mistake the criminal element will do everything in it`s power to continue to keep a stranglehold on supply....personally I believe they will eventually let it go. Once recreational mj becomes mainstream the stigma will dissolve - anyone will be able to walk into a dispensary and buy a 25 pack of their preferred brand for $20, this will be very tough to compete with. Hopefully the argument about mj being a gateway drug to harder substances will loose it`s strength, the only reason people seek the harder shite in the first place is because they had no supply of killer weed to rely on - perhaps this will all change, at least that`s the thinking in Ottawa. Whatever can be done to decrease demand for the harder stuff is a win - win approach. Possibly recreational use and availability will dampen the opioid crisis, we can only hope. Legalization is mostly baked into our s/p here - what will matter is the revenues vs. expenses, and that we will not know until we are about 6 months in. Most of the smaller players will be gone in a year because they will not be able to compete in an over supplied market, hopefully HIP can tweek production and keep costs in line to stay competitive. Dope will be everywhere - legal and black market, as long as the legal end of things offers consistency and variety it should prevail. $2.00 by Q2 - 2119 is my call barring any JV`s or take over offers attempts and that ain`t bad, a  200% positive differential from todays s/p. This stock seems to have a hard time maintaining any positive momentum, you would think that with the rec, launch only 2 weeks out it would be a hot commodity...but it`s not, why you ask...it`s called uncertainty and we all know the market is not a big fan of uncertainty. GLTA
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