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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 SMRStarson Jun 26, 2018 10:47am
89 Views
Post# 28229653

RE:RE:Why does Newstrike not begin buying back shares?

RE:RE:Why does Newstrike not begin buying back shares?
Fair enough...I agree that lack of positive news releases is an issue... "The net proceeds of the Offering shall be used for growth initiatives, working capital and general corporate purposes. As adult recreational use moves rapidly towards legalization, we recognize the importance of establishing a national brand with a footprint in each of the key Canadian markets, commented Jay Wilgar, Newstrikes CEO. With the proceeds of this Offering, Newstrike will have access to over $115 million to deploy into our facility expansion, a variety of transformational branding and product development initiatives and potential new investment and acquisition opportunities, with the goal of building Canadas premier recreational cannabis company. This Offering ensures that we able to fully capitalize on the tremendous growth opportunities in front of us, added Mr. Wilgar." I'm in with 100,000 shares which I bought over time.
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