Newstrike Brands Ltd NWKRF

Healthcare Biotechnology Cannabis

"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."

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Newstrike Brands Ltd > Why HIP has not slipped

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Comment by VeritasVernon May 10, 2019 4:39pm

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Post# 29736145

RE:Why HIP has not slipped

Quin where have you been? The valuation is that HIP is trading exactly where it should be which is HEXO stock ($9.55 x .06332) which is $0.605 so it is actually overvalued by $0.015. HIP is being bought by HEXO so it trades on that factor.

quinlash wrote: For the benefit of those new to HIP... the POSSIBLE reason behind HIP holding so well this morning is the validation numbers behind the stock.

HIP is actually trading under fair market value according to RBC and my own DD. If we have a bunch of shareholders panic and sell on emotion we may see the SP slip however, as an investment, HIP is still undervalued and has been for far too long.

Again, if you are voting and trying to determine where HIP should going... work out the numbers, again, you may start to appreciate where the NO vote comments are coming from

GLTA.

Q