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Bullboard - Stock Discussion Forum Newstrike Brands Ltd NWKRF

"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."

OTCPK:NWKRF - Post Discussion

Newstrike Brands Ltd > Payout if deal declined
View:
Post by SecondLast on Jan 12, 2018 3:52pm

Payout if deal declined

Hey does anyone know what HIPs penalty is if they do not approve the deal? I know CMED had to pay 9M if they backed out
Comment by acedabjuly2018 on Jan 12, 2018 3:54pm
Think it's 5 million
Comment by dionsays on Jan 12, 2018 4:01pm
There is no NEW RELEASE on how did ACB find out about the deal!!!!!!!
Comment by acedabjuly2018 on Jan 12, 2018 4:05pm
Well if there is funny business going on with Canada's MJ stocks, it won't help any of the MJ companies,they will just just be shooting themselves in the foot.There is alot of eyes around the world watching Canada right now related to this MJ sector.
Comment by stckapprentice on Jan 12, 2018 4:07pm
skilled investors are just raping newbies... lesson learned. research until your face and brain ache...
Comment by dionsays on Jan 12, 2018 4:10pm
Coming to HIP or Cmed boards is like entering the domains of the HATFEILD & McCOYS of the 21 century......it is really stupid By law ACB has to disclose how they find out about the deal between Cmed and Hip. Who knows maybe ACB will top all of our accounts.................
Comment by Partwaythere on Jan 12, 2018 4:13pm
ACB disclosure was due today; likely see it online tomorrow or on SEDOR. We all know though; two board members of CMED in private talks. One member has since resigned; the other still there. Perhaps a fine or even charges .... ?
Comment by Swampcat27 on Jan 12, 2018 4:17pm
ever heard of  doing good business? Thats what that is about   integrity.   You dont need to screw ppl to get ahead.  And that in a sense is what ACB is doing, undermining an established company...
Comment by dionsays on Jan 12, 2018 4:21pm
Miners finally realized by digging a hole to China does not guarantee gold. They finally woke up and realized that cannabis is gold........
Comment by Swampcat27 on Jan 12, 2018 4:25pm
 the drug market is one of the top 3 largest industries in the world..  it lines the pockets of alot of ppl from the ground up
Comment by Swampcat27 on Jan 12, 2018 4:27pm
its a very big wheel of ecomony
Comment by dionsays on Jan 12, 2018 4:35pm
The makers of Aleve, should be getting worried, Cannabis will replace it......
Comment by Swampcat27 on Jan 12, 2018 4:02pm
i think your right.  I think.
Comment by Wonnetr on Jan 12, 2018 4:15pm
5 million is for the supply deal. Not for the take over.
Comment by Partwaythere on Jan 12, 2018 4:17pm
There is no payout from either company if the share holders of either company vote NO. Only a payout if either Board cancels the deal in bad faith. A vote NO does not trigger payouts. IMO, correct me if I'm wrong.
Comment by acedabjuly2018 on Jan 12, 2018 4:25pm
https://www.cannimedtherapeutics.com/investors/news/news-details/2017/CanniMed-to-Acquire-Up-Cannabis-Inc-Newstrike-Resources-Ltd--TSX-VHIP-to-Create-a-Premier-Global-Cannabis-Company/default.aspx Pretty sure it's the takeover....   The Arrangement Agreement provides that Newstrike shareholders will be entitled to receive 0.033 common shares of CanniMed for each Newstrike common share ...more