Newstrike Brands Ltd NWKRF

HIP just forced everyone Longgggg on HEXO

[Partwaythere]

Basically; everyone who thought the HIP year-end financials (Q4-2018) would be similar in fashion to Organigram and we would spike to $1.30 SP or even higher will now need to wait until 2020. HIP share-holders are now forced to go LONG on HEXO. The transfer of shares to HEXO will take approx. 4-6 months. Everyone now theoretically owns HEXO share at $7.40 per SP. The HEXO high was around $9.00+ this past year. Jay and his HIP Management team just transferred all their shares at par to HEXO and they will wait for HEXO SP to jump to $12/$15 ?? is anyone's guess. We now have to wait another 1-2 years before any real gains are realized. That's why I'm pissed off !!!

[Skater]

Agreed.  I always believed HIP was a good takeover candidate because of their distribution access, thats about it.  I would  be really pissed had I invested at  over $1 in the PP's, Jay won't be going to that well ever again, credibility shot.  I would have thought a takeout would have at least paid a 100% premium.  The Canimed takeover was well over $1.