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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."


OTCPK:NWKRF - Post by User

Newstrike Brands Ltd > Do not understand why anyone would buy shares at this point
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Comment by KingMidasAuon Jan 16, 2018 6:27pm
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Post# 27372257

RE:RE:RE:RE:RE:RE:RE:Do not understand why anyone would buy shares at this point

RE:RE:RE:RE:RE:RE:RE:Do not understand why anyone would buy shares at this pointYeah but they need 66&2/3% to vote yes as per merger rules. ACB share lock up at 38% + 3%-4% share ownership from purchases puts em up to 41-42%. Enough to block. They also went to court to argue the $9.5 mil payment in the event of a take over and lost. They then continued to pursure them hard so they are content with the payout. HIP will be standalone and get some money for expansion. win win
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