Newstrike Brands Ltd NWKRF

$2.15 is my target

[goldman777]

back of the envelope calculation - based on 50,000 shares held. - 50,000 HIP x .033 = 1650 CMED x 4.5 ACB = 7425 ACB x $14.50 s/p = $107662 divided by original 50 K HIP = $2.15 ..... HIP X .033 = CMED X 4.5 = projected ACB holding, I think this is what the market sees but it may be a bit sweeter

[Asterix99]

MAybe I did something wrong, but you think ACB will pay $65 for CMED? That's a jump of $40 from the previous offer. 

[MNK3240]

I did the exact same calculation. There is only one issue with the factor 4.5. Apparently, based on the old arrangement, it would come only 2.18 but if the new arrangement, if happens, goes around 4.5 would be great. Not sure if that will happen.

[newb4480]

that is based on the current 4.5 ACB shares/ 1 Cannimed Share. Does not take into account any Cap of $24/share though. But makes sense to me, and offer should only go up.

[goldman777]

well I`m looking at ACB with 450 TSO compared to CMED with 24 TSO and thinking that CMED will want somewhere around $52 ish with HIP on board, so $2.15 may seem a little lofty but if the market overshoots as it usually does you just never know. Looks like the market is pricing in $1.90 ish currently in the mid $1.60`s so expect a busy afternoon.

[potcommitted]

Goldman I'm not sure I follow your logic here.  If the ratio of HIP for CMED is 1000/33 then your 50k shares are worth $61,050 ($37.00/sh) at current market in terms of CMED. While HIP is trading at $1.65 which is $82,500. So you're trading at a 35% premium over what you will get if this deal went through with CMED right now.  If you do believe that you will get 4.5 shares of

[acedabjuly2018]

This is what i would do if the 1000/33 deal was for sure.At this point anything can happen,i will wait until i see a press release. Any guesses, if ACB buys HIP, what the share exchange deal would be there?

[Swampcat27]

it will remain the same as CMED deal...why would offer more seeing they really dont want HIP. Dont forget the final merger  between CHED and HIP is not a sealed deal due to the tlks between CMEC and ACB at the moment. So HIPs price remains undetermined at the moment and no sense trying to speculate because nobody here has The Force ...

[MNK3240]

Apparently on 25th CMED is going to decide to issue/not issue shares to HIP holders on 1000/33 by an ordinary resolution. if that one is done, then does not matter what happens to CMED and ACB, HIP deal is done forever. does that make sense?

[Extalliones]

ACB doesn't need to buy HIP.  They already control a ton of shares in CMED.  They just need to vote in favour of the HIP acquisition at its current ratio, and then purchase CMED, which will include HIP.  If you read the news releases, it is clear that this is how they are proceeding. 

[acedabjuly2018]

Nothing is clear regarding ACB,CMED or HIP. ACB doesn't want CMED aquiring HIP whatsoever,from what i gather in all the news releases.

[locoocho]

the only clear thing is HIP is worth .033 of CMED shares.. but this is MJ and trading.. love it

[SLCGrad2k]

Completely agree, its a nice ride but its going to come crashing down again especially if the friendly deal goes through.  ACB is going to buy CMED with HIP at HIP's original CMED offer.  CMED shareholders will be the main winners here.

[PROtrading]

Dude, ACB wants CMED.  It's a decade old producer.  They will only take HIP if they are forced to.  CMED has already a supply and facilities agreement from Newstrike.  Princess CMED has pimped faced HIP kid by the balls.... BUYING HIP HERE is for little kids who haven't figured out that $100 worth of CMED is better than $100 worth of HIP!!!!