OTCPK:NWKRF - Post by User
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Ggeemanon Mar 20, 2019 10:28am
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HEXO Corp. (NYSE:HEXO - News) (TSX:HEXO.TO - News) has recently indicated that the acquisition of the Newstrike Brands (TSX-V:HIP.V - News) (OTCPK: NWKRF) would see the resulting company obtain over $400 million in net profit by 2020. Considering the figure the business combination could result in the company having forward sales trading at 3.8x. Cannabis industry competitors have forward sales trading of 69x, and therefore this could mean that the market undervalues HEXO based on analysts who have assessed the acquisition. HEXO Corp has its headquarters in Gatineau Canada, and it produces and sells most of its cannabis products in the country. Apart from the main cannabis products such as cannabis oil sublingual mist and well-milled cannabis products, the company also produces and markets dried cannabis.