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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 321Blastoffon Jun 25, 2018 2:21pm
122 Views
Post# 28225359

RE:RE:RE:I know you are waiting to get out, but let's be clear

RE:RE:RE:I know you are waiting to get out, but let's be clearDid you really expect that bill C45 would get passed without any objections ? Look at all of the opposition the Liberals had to face from PC senators who have a 1950's version of "reefer madness" lodged firmly in their decaying brains.

If HIP "burns $10mln a month just to operate" then I would like to know how that is possible when the entire amount slated for refit and new construction of the Niagara facility amounts to less than that.

Also, HIP already has a license to sell medical marijuana and currently is sitting on over 5 million dollars worth of stock according to their latest financials. Combine that with a supply agreement penned with CMED prior to the ACB deal and they have ansolutely no excuses not to be generating at least a small income from their product.

Regarding WEED ACB and APH I guess I should have included lesser companies but I will let you do your own research and allow you to discover that no other company has suffered losses like HIP over the past few months. I will give you a hint ABCN NAMASTE etc. Do some digging.

Jay definitely has a choice. Get on with it and have those facilities up and running. As I have already stated before HIP has licences to sell medical marijuana and ostensibly a supply agreement with CMED.

If anyone got screwed it was the underwriters. In both deals they bought at a price less than the deal that they signed. Currently they have bought at .75 while the current price is .61. However this also gives them an incredible opportuniy to short the stock until they can buy in lower and make back what they lost. Not to mention the revenue generated by selling off the warrants they got as part of the deal.

I can agree on one point though except for the licences...you wrote...

"There is one thing though that's annoying - complete stagnation inside HIP. No development, no news, no agreements, no licenses. Like if you don't forget to pay yourself every month, don't forget to go to work too, eh?! "

This company is only here to sell shares and resell shares as far as I can see. Wilgar is responsible. He is the CEO. Don't look anywhere else for excuses.
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