Post by
Gulruthina on Jan 10, 2018 10:28pm
The Future of Newstrike!
Well it is true that HIP does not make any revenue and is overvalued and that is a fact but as an investor you have to look at the future of the company.
1. Merged with CMED - You become CMED shareholders. CMED shares is around $26 dollars and they can always do a stock split to issue current shareholders more shares and make it more affordable.
2. Supply agreement with CMED that is renewable - Good revenues with HIP
3. License to produce and sell cannabis - HIP is just starting out so obviously they are not making money at first but once they start producing and selling cannabis then revenues should go up which will drag the share price up.
4. They are partnered with "The Tragically Hip" - A popular rock band in Canada! This will help with marketing with recreatioinal Cannabis no doubt about it. WEED has Snoop Dog and Canada has "The Tragecally Hip"
Maybe the stock price will go back down to 1 dollar or less (who knows) but if you know the future plans of the company then no doubt that it will go back up in the future.
"A statement issued by the Health Department last month said, "as previously indicated, the government of Canada intends to bring the proposed Cannabis Act into force no later than July 2018."
- https://www.huffingtonpost.ca/2017/12/20/trudeau-rules-out-canada-day-for-marijuana-legalization_a_23312549/
If HIP is still alive by then they should already have made millions fromt he supply agreement and this should boost the share price of HIP
Comment by
Duxing on Jan 10, 2018 10:47pm
All based on guessing and assumption! This is how you invest your money!
Comment by
tineta on Jan 10, 2018 10:56pm
I'm picturing that ACB takes out CMED, then HIP outgrows as a strong compatible weed co. to ACB and CMED combined company.
Comment by
Westwolf on Jan 10, 2018 10:58pm
This post has been removed in accordance with Community Policy
Comment by
Gulruthina on Jan 10, 2018 11:09pm
The supply agreement should provide HIP with fixed revenues
Comment by
Gulruthina on Jan 11, 2018 12:37am
No shiet sherlock. Well I got in at 0.37 sooo..
Comment by
SendMoneyPlz on Jan 11, 2018 12:44am
It doesnt matter where you got in at, if you leave now you leave with 2.20 per share, if the deal goes through the worth changes to 89c per share - do you see that? I'm not baiting you. You are about to lose 60% of your current value. You can go from .37 to 2.20 or .37 to .89 - which do you prefer?