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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

Post by jbizmarton Jan 31, 2019 11:54am
80 Views
Post# 29301567

whats keeping the prices? Q4 Revenue expectations

whats keeping the prices? Q4 Revenue expectations whats keeping the prices? Based on their sept 2015 report 90,937,905 Common Shares remained in escrow and were to be released on December 1, 2018. so many of them are being sold. Also as per the report goods news should be coming out soon i.e. retrofit of Niagara Facility was expected to be completed by the end December 31, 2018 ....also their inventory of dried cannabis was $6,077,635 and the fair value of the biological assets was $2,011,369.
So we can assume they will have sales of approx Min $8 M ..or more.. keeping in mind there was shortage of products in the market 
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