Great Time to AccumulateWith all the short interest in the stock, I believe this is a great time to continue accumulating this stock if you're a believer in the prospects of this company.
Yes they wanted to sell to CMED because it was a great fit, but that didnt work. Moving on, they took advantage of a a pretty good financing that gives them financial independance they didn't have before the proposed buyout. Now they have great facilities, cash and the backing of one of Canada's most iconic bands.
Interest is being show in the industry by big tobacco and beer companies, not to mention the banks salivating at doing more financings for the MJ space.
The kicker for me on this one is that there is huge short interest in the stock. They have to buy back sometime and I'm happy buying a bit here and there to sell part of my position a lot higher when we rally. I'm curious to see if that number has increased in the one below in a couple days.
Not expecting any news shortly but if the sector starts rallying, this one could take off.
July 1st is just around the corner everyone and that is just the beginning of the game. GLTA.
| Company Name | Symbol | 01 Feb 2018 | 16 Jan 2018 | Net Change | % Change | % Total Traded Value |
| HIP | Newstrike Resources Ltd. | 209,026,582 | 160,126,262 | 48,900,320 | 23.39% | 30.333 |