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"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."

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Newstrike Brands Ltd > BUY! Going Up with HIP

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Post by Harveyspec1 on Jan 15, 2018 6:56am

BUY! Going Up with HIP

Here’s my current take on HIP.

Its basically already a done deal for Hip agreeing to this deal with cmed..however, cmed shareholders also have to agree too right! Cmed needs 2/3 of its shareholders to agree and 38 percent of the shareholders are in lockdown due to part of this hostile takeover... in the mean time, a lot of Aurrora shareholders are buying cmed stocks to vote in this merger with Aurora and cmed..therefore, Hip will automatically get in return 9 million which gives each shareholder an extra 40 cents added value. They get 9 million because of the terms of withdrawing from the agreement. That’s my take on it.. the stock might just increase today

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Comment by Luvtheleafs on Jan 15, 2018 7:02am

Harvey’s post makes sense to me. Market seems to be pricing HIP at $1.68. Interesting spread so far today. Premarket suggests some upward momentum on the Ask.

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