Newstrike Brands Ltd NWKRF

The Final outcome remains uncertain.

[bmorganstock]

The final outcome of that deal remains uncertain, as CanniMed is also the target of an all-stock hostile takeover by Edmonton-based Aurora Cannabis (TSX:ACB) that is conditional on abandoning the Newstrike deal. CanniMed has urged its shareholders to vote in favour of Newstrike, but three of the Saskatoon-based companys biggest shareholders representing 38 per cent of outstanding shares have signed lock-up agreements backing Auroras 2018 The Canadian Press

[brad1983]

what's the best option? When is it time to get out of a stock?

[bmorganstock]

My opinion, stay on, don't sell. In worse scenario Cmed will buy Hip, but the price of share Cmed will rising , and then $50Cmed=$1.65 old Hip. $75=$2.47. Glta

[NexToronto]

The CMED deal is concrete. Hoping that CMED will say NO (who have every reason to say YES) is ridiculous. The stock surging to $50 let alone $75 is another incredible gamble. The stock is dropping because people are jumping ship. Don't be the violinist playing while the titanic is sinking. Me and 5 friends who bought in went through every possible scenario. Granted we're not pros but