Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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

Post by woodstock135on Nov 05, 2018 9:12am
235 Views
Post# 28923322

Newstrike making location bets in Ontario

Newstrike making location bets in Ontario

 

Globe says Newstrike making location bets in Ontario

 

2018-11-05 07:17 ET - In the News

 

The Globe and Mail reports in its Monday edition that recreational cannabis retailers are rushing to sign deals for prime real estate locations ahead of the April launch of legal marijuana stores in Ontario, even before the province's rules for the outlets are clear. The Globe's Marina Strauss writes that the province is expected in the next several weeks to finalize details of regulations that will clarify which cannabis companies can operate stores, how many outlets each can run and where they can be located. Ontario has said there will not be a limit on the number of stores over all in the province. Because of the uncertainty over the regulatory landscape, some of the deals being negotiated would require the retailers to pay penalties that can run into the hundreds of thousands of dollars if the rules ultimately prevent them from setting up shop at their planned sites. Bidding wars have even erupted for some coveted leases, driving up prices by up to 50 per cent of market values. One real estate broker says, "Cannabis retailers are not waiting -- they are acting now." Newstrike Brands' Spiritleaf has signed binding offers to lease about 20 stores in Ontario. They are placing bets on what real estate will qualify under the rules.

<< Previous
Bullboard Posts
Next >>