OTCPK:NWKRF - Post by User
Post by
quinlashon Apr 03, 2019 9:14am
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Post# 29574932
Canopy Growth Question ??
Canopy Growth Question ??Good morning guys, haven't done a morning coffee ramble in a bit so I thought I would toss this out there and get away from the W-Topic and maybe skirt more vote counting talk... ;)
I was poking around last night and came across this article from Sept of 2018 referring to how Canopy Growth would be a good fit for NewStrike and started thinking that a lot of our questions could be answered if (big IF) there was a deal in the works between HIP and Canopy Growth, the most glaring one would be “Why would our CEO sell out the company at a discount while at the same time saying that NewStrike Shareholders would be happy” ???
https://smallcappower.com/news/market-news/newstrike-brands-hip-merger/
https://www.newcannabisventures.com/newstrike-sells-out-at-low-premium-to-hexo-corp-in-263-million-stock-deal/
Then I started asking myself a whole bunch of other questions about trading patterns, deals, relationships. Then I said no, because HEXO was in the mix.. but what if there was a deal in the works where Canopy acquires both HIP and HEXO? Again, there are questions that a possible deal such as this would answer, mostly with WEEDs initial position in the market being medical and the acquisition of both HIP and HEXO would position it as the major player in the REC market while picking up another big beverage deal through HEXO.
It’s an interesting thought to ponder, wondering what you guys think? Is it possible that we are sitting around waiting for Canopy to make an NR on its next major consolidation in the market?