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 > Warrants with TFSA or RRSP

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Comment by goldman777on Mar 21, 2019 11:01pm

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Post# 29521000

RE:RE:RE:Warrants with TFSA or RRSP

Bigbaboon wrote: Exactly what i’m saying, exercize has to respect account contribution limit.

quinlash wrote: I only have experience trading warrants, never exercised one, but I would be surprised if there was not some catch to doing this within an RRSP or TFSA as both have contribution limits. You should check with an accountant to be 100% sure you know what (if any) limitations may be imposed by trying to exercise warrants in either of two types of accounts.
Just sell them in the common market inside of your tax sheltered investment vehicle and then buy the common share - the spread won`t be that wide

Bigbaboon wrote: If your exercize your option to buy (convert), you have to have enough cash to pay the strike price IN THE SAME ACCOUNT (at least that is how I understand it). So, make sure you have enough room or you might be forced to sell the warrant instead. If I’m wrong please tell me.