OTCPK:NWKRF - Post by User
Comment by
Underwhelmedon Jan 16, 2018 5:25pm
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Post# 27371846
RE:RE:Do not understand why anyone would buy shares at this point
RE:RE:Do not understand why anyone would buy shares at this pointMy apologies, it was from Janurary 12
TORONTO — Newstrike Resources Ltd. says the Tragically Hip are backing the company's deal to be acquired by CanniMed Therapeutics Inc.
The band is a creative partner and shareholder in Newstrike, the company says.
According to a report in the Globe and Mail, the Hip own a 5.4-per-cent stake in Newstrike. Even with a steep drop in the price of Newstrike stock this week, the band's share of the company is worth an estimated $39 million.