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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

Post by buddy12canadianon Mar 13, 2018 8:52am
106 Views
Post# 27705357

Not concerned

Not concernedthis is not unusual, and with a warchest they obviously have plans to invest it somehow,,,,,,not just sit on the cash , great position to be in instead of panicing and doing another issue later at a higher price.  this breeds great investor loyalty and attention.  issue at low prices, get it done and move ahead.  if you have to go back to the market to issue later then the optics do not look good.  Don't worry about it.Run with it.  Thanks  Oh and I got to beleive that is will not cost $100 mil. to retrofit the new plant.  Possibly they may have money left over to purchase other nurseries in the area to expand?  D'ont know...
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