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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 by User

Comment by PMPVV1on Jan 17, 2018 8:45am
298 Views
Post# 27375123

RE:What to do?

RE:What to do?I'm not invested in the company at the moment, because of the uncertainty.

This company definitely has a lot of promise because it has a license and production potential.

There are two things to weigh in on:
- has the MJ sector finished its correction (seems like maybe, all stocks may rise)
- is this deal going through?
- is this deal going through at the previous proposed terms?

Honestly, a merger going through is good for the company, but only at better terms or the SP will continue to go down.  

Myself, I think I would sell a portion and buy back more shares (to mitigate risks of up and down).  Even if this goes down a lot, in the future, it will definitely rise again.

Good Luck

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