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 > HIP, Aurora and Cannimed: How is this all going to end?

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Comment by Sevam123on Jan 16, 2018 12:52pm

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Post# 27368849

RE:RE:RE:RE:RE:RE:HIP, Aurora and Cannimed: How is this all going to end?

If that is true then I stand corrected Zulfikar. How did you find this because it is very important info? If the language of those lockup agreements is available I'd really like to read them. Are they on Sedar or something?

londonsate wrote:
Zulfikar wrote: That is incorrect. Lockup means that locked up shareholders CANNOT vote in favour of Newstrike deal: Lock-Up of Shareholders of CanniMed In connection with the proposal, Aurora has entered into irrevocable lock-up agreements in support of its proposal from shareholders representing approximately 38% of CanniMed's outstanding shares. Under the lock-up agreements, the locked-up shareholders are precluded from tendering or voting any of their CanniMed common shares in favour of any other acquisition proposal relating to CanniMed and are required to vote against other acquisition proposals or actions which might prevent, delay or frustrate Aurora's proposal.

NICE explaination