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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 quinlashon Sep 04, 2018 9:50am
156 Views
Post# 28558168

RE:Sept 4th

RE:Sept 4thAlot of the price increases tie to media coverage.  The stocks making the news tend to get overbought.  The ones under the radar are the best buy with less risk.  RBC still shows HIP trading undervalue with a upper price target of $2.50, thats a pretty darn good return.  WEED shows a value of $39.  I don't put a whole lot of faith in the RBC evaluations however I do consider them when I try to determine what the downside risk is on a stock.  

Once HIP starts announcing actual orders from the provinces they will be in the media again.  Considering the product needs to be shipped etc we should be seeing orders coming in here soon as a 30 day lead time is fairly standard across most companies, guessing pot will be similar.
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