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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 blobboyon Aug 27, 2018 5:59pm
215 Views
Post# 28525877

RE:LITTLE POOP AT THE END ON HIP.WT

RE:LITTLE POOP AT THE END ON HIP.WTcomparison - EMC has a warrant with a strike price of $1.75, EMC currently trading around $1.60 so the strike price is well within reach, the warrant trades @ 34 cents. Different companies but can be used as a market comparison. HIP has the acceleration clause @ $2.60 on the warrants so this should put the warrants somewhere around 55 - 60 cents at that time, maybe a tad higher depending on how the sector plays out. Still speculative at this point as there are no real revenue numbers to work with....but if revenue surprises to the up side the original warrants could go higher. Either way still a deal here @ 10 cents, as usual some nervous Nellie sold at the bell to bring it down below todays open...tomorrow we hit 11 cents.
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