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

Bullboard - Stock Discussion Forum 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 Discussion

Newstrike Brands Ltd > HIP.V marginally undervalued
View:
Post by SCRILO on Sep 08, 2018 9:54am

HIP.V marginally undervalued

HIP.v has accumulated dried finished cannabis inventory valued at $8.2 million as of June 30, 2018.

HIP has 124 millions in the bank (cash in hand) generating  interest, my feeling they will be very aggressive at branding in Alberta October 2018 and come April 2019 in Ontario if the province chooses to privatize sales. 

The inventory keeps increasing... combined with the licensing of the Niagara greenhouse facility for the cultivation of cannabis and the pending approval of the Niagara Facility sales licence amendment application, further positions the Company to capitalize on growing demand for its products in anticipation of the legalization of adult-use cannabis.

HIP has continued the construction and expansion of its Niagara Facility, engaged in various marketing initiatives, and added experienced production and management personnel to build « Up Cannabis » brand and consumer awareness.
***I’m hoping Ontario will adopt a similar plan as the province of Alberta, to allow branding and private sale*** HIP has a net market advantage!!

The Company currently operates cannabis production facilities of approximately 167,600 square feet of indoor and greenhouse production capacity, in the aggregate, of which approximately 7,600 square feet is currently operating at or near full production capacity at its Brantford Facility and approximately 160,000 square feet at its Niagara Facility that is currently being retrofitted. The Company has broken ground and begun construction on the Phase II Niagara expansion which includes 40,000 square feet of processing space and 160,000 square feet of additional greenhouse space dedicated to cannabis production.

Comment by aurorahigh on Sep 08, 2018 10:46am
Was reading a bit into hip this morning. Caught that piece as well as the mou's for supply with 3 provinces I believe.   Most state no revenues as of yet just can't find anything on when they'll start generating revenue.   Can anyone clarify this thanks.
Comment by TruthAboutHip on Sep 08, 2018 4:29pm
You have basically writen a summary of the latest finacials and NRs over the past 6 months. If you look closer you will see that the estimations of the inventory values you write about are padded by @ $3 million in their recent finacials in a column which states: "Unrealized gain on changes in fair value of Biological Assets" So nobody really knows how much inventory they actually have ...more  
Comment by OSKARtheRED on Sep 08, 2018 8:19pm
This post has been removed in accordance with Community Policy
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities