Newstrike Brands Ltd NWKRF

Care to explain this?

[Zigzagzam]

Aurora Cannabis to File Dissident Circular Against Proposed CanniMed-Newstrike Combination

https://www.newswire.ca/news-releases/aurora-cannabis-to-file-dissident-circular-against-proposed-cannimed-newstrike-combination-664919733.html

[stckapprentice]

aurora has bought tons of cmed shares to vote agaisnt the merger. I hope it works. I am praying that this go does not go through. What would be wonderful is if Aurora managed to stop the merger and bought newstrike for a multiple on share price history. Then went on to fund and grow newstrike to all provinces and fund them entirely. Rocketing them to a massive nationwide brand. Then turn around

[orphanblack]

This post has been removed in accordance with Community Policy

[Luvtheleafs]

I am not a lawyer but I understand it to be a document that must be sent to all shareholders by any shareholder who solicits votes. I’m sure there is much legal mumbo jumbo associated with it but basically it appears to be a strategy to thwart the CMED/HIP deal. 

[Sevam123]

Yes it is an attempt to thwart the CMED/HIP deal by Aurora who is trying to buy Cannimed by way of a hostile takeover bid.  They see enormous value in Cannimed for them because it has production capacity and experience in oils that Aurora needs.  They are hoping that the CMED HIP merger is unsuccessful so they can scoop Cannimed up on the cheap ( Extrremely cheap if they can get it for

[Zigzagzam]

Thanks for the reply back, does that mean HIP would be practically useless without a merger then? Until somebody picks them up? That Aurora letter sounds like it has so truth to it does it not?