Newstrike Brands Ltd NWKRF

Another Marijuana company involved ?

[kingscorpion]

Help me understand this New strike is being bought by another marijuana company and that company is being bought by another marijuana company and from what i heard one of the stipulations is that in order for the first company to buy the 2nd company, the 2nd company cannot buy newstrike. Sorry i dont remember the names of 1st and 2nd marijuana companies If this is the case How do you expect the s,p of newstrike to continue going up.

[KingMidasAu]

Start with learning the names of the other companies, then read through the deal and material and then watch as we keep rising (so don't take to long) lol. The share price will continue to go up, short term, on sector hype, sales licence and deal to sell to cmed. As for the closing of the different deals, CMED is fighting off ACB to get HIP, we will see who is successful. Depend on the

[Rockpaperstock]

LOL. Yeah. Those two companies would be ACB and CMED. Sorry I'm not sure if you were being sarcastic. It was the biggest sh$tshow in the MJ scene until recently. Technically.... If CMED were to acquire HIP, we should only be getting 27$ x 0.033 CMED shares per HIP share = 0.89. we should'nt be anywhere near today's prices. So either no one believes the acquisition will go through. Or

[Rockpaperstock]

I Same goes for CMED. If CMED were to be acquired by ACB.... they should only be worth $24 today, not $27. All indications are that it'll happen by hook or by crook. ACB just chipping away at CMED by slowly buying up large chunks of shares and publically announcing it to rub it in CMED's face. ACB will not allow the HIP acquisition to go through.

[tmmy522]

So if the HIP acquisition doesn't go through, is HIP sustainable at these prices?

[KingMidasAu]

Could make that argument but it would be tenuous right now. The deal between CMED and HIP moved HIP into the .60 range (with some solid dips) but which held relatively stable. Until last week when it announced the deal with CMED to sell product and the sales license and we have moved up every day since so its hard to say where it will settle. Now how much of the potential merger was baked into the

[Rockpaperstock]

^ That my friend is the funniest thing I've read all morning.

[KingMidasAu]

Lol this didn't move this high on merger news, it did on licensing and sales deal. Which are still in place. So the market obviously sees value after licensing and sales deal was released regardless of the merger. Please provide justification why you think one way or the other because this answer is useless and adds nothing. Thanks in advance, I gave my two cents earlier and looking for a good

[tmmy522]

Please educate us Rockpaperstock

[Rockpaperstock]

I guess it depends on how you define "sustainable".  If you're asking whether their current market share can be backed up by any profits right now - the answer is not a chance.   They have ZERO revenues, and I haven't seen a whiff of news on product development. I've said this before, b/c it's not like I don't believe in their ability to make a

[tmmy522]

Thanks for the insight Rockpaperstock. I couldn't agree more. Is Aurora behind all this to get us to vote no? Theres certainly something going on in the background that we have no control over. Don't know how much more I will wait to sell.

[Rockpaperstock]

That's one theory that's been bounced around.  totally possible I guess.  ACB such bada$$es.

[LearningTheRope]

was going to buy in; untill i read this wow definitely stayin away from the bubble! phew way too overbought it should not be worth as much as CMED; no matter MORE XD

[Rockpaperstock]

I'm with Phantom on this one - definitely not a hold, just trade it.  I wasn't bashing HIP by any means, I wish them all the best.  Heck I own some HIP.  If you're already in - huge congrats, just watch this super closely!  It you haven't bought in yet....good Lord you must have some huge balls to jump in knowing the market cap.  Definitely not a "set

[Extalliones]

and that is how valuable the Rec market is.  CMED isn't into the Rec market - that's why they were trying to acquire Newstrike.  However, they don't necessarily need them if they can enter into agreements with them to sell products to Newstrike who can then sell them in the rec market.  Once they have access into the Rec market, CMED's share price will take off as

[KingMidasAu]

What % of holdings is ACB up to now?

[KingMidasAu]

Well if CMED really wants HIP and shareholders vote the merge down due to the new higher share price then its possible for CMED to increase the purchase offer more in line with the current standing for HIP. They could also continue separately now that a deal between them is in place for product. CMED would have to worry about ACB after that. Would assume if HIP shareholders vote the merger down we