Newstrike Brands Ltd NWKRF

Too little too late IMO

[Slipstream91]

The problem with this is that they are simply too late to the party. The Market is already taken with mature companies like WEED, APH, ACB, etc etc...

Unless you got in under .15 cents, you won't make big money. It'll open at like .75 cents and go up a bit but then the shorts will bring it back down.

[JordanDee]

I have to disagree. The MJ market it influenced by "hype" as there is a lot of speculation. Marketing/promotion has a huge impact... Considering the fact that The Hip is one of the most recognized and respected bands in Canadian history, as well as the fact that this is already ALL over the media, even if it opens at .75 it's going to go much higher. Of course followed by a

[Slipstream91]

ok well I agree to a point, the hype might give it a boost for a bit but if you can get a 50% profit, sell asap! The popularity of a band ultimatly doesn't matter. Market cap will correct the SP. Even at .75 cents it's WAY over valued.

[JordanDee]

Agreed. I think that'll be the case for most.

[thorgb1]

Considering that estimates are that the current capacity of the current group of LLP's can only produce 1/10 of the required amount of product needed for when rec is going live next July, we are not late for anything. We are perfectly placed for an acquisition at some point.