Newstrike Brands Ltd NWKRF

HIP Buyout and Valuation

[MoneyBull]

Many of you are having conversations about a possible buyout of HIP. See the link below regarding possible mergers and acquisitions.

https://www.bnnbloomberg.ca/video/newstrike-eyes-a-sale-sources~1488713

I think shortly, within the next 2-3 months that Up Cannabis will be bought out by a larger company that is comparable to CanniMed. CanniMed was focused on Up Cannabis because of our huge potential in the recreational marijuana market, and their prime focus was the medical marijuana market.

If we do not make a sale, we could potentially merge with another small-cap, mid tier company who is focused on strictly medical marijuana such as WeedMD.

Logically, Newstrike has been growing recreational marijuana since 2016 with no sales, and they are going to be for sure ready to unload come legalization. I would think we have a minimum of 10,000 Kilograms for sale come October 17th. This is going to be huge on our balance sheet, possibly tie us into the new-year when we are expected to DOUBLE our production.

Either way, HIP is a win-win. I think a potential price target for a buyout would be anywhere from $1.30 - $1.75 being realistic. Possible merger with WeedMD or another mid tier medical company would be huge news for us.

Long term , mid-tiers are going to have to merge or get bought out. This market needs consolidation.