Newstrike Brands Ltd NWKRF

Where are the sales.....?

[Olive777oil]

Where are the sales (letters of intent, contracts, etc) to justify a such market cap of about half billion $ ? Please explain because I really don't know.

[Malex1]

It’s coming to a theatre near you and at an rapid pace. Every single day that goes by the cannabis industry grows even bigger. I guess you have to have foresight and vision. It’s not for everyone if you want an company in an established market buy an oil stock. But if you have the balls and the vision stick around you just might make some really good profits.

[deet]

Right on the money. A 379% decrease in short positions speaks volumes. https://shortdata.ca/largest-short-positions/

[VeritasVern]

Deet a 379% decrease in short positions is mostly negative which means they were able to unwind those positions while the price of the stock continued to decline.

[silkroad007]

Vern you are the same person who would be screaming that the sky is falling if you saw a huge short position.  Can't have it both ways.  While the downside is we didn't get a possible short squeeze, the upside is market sentiment on the SP has turned as most shorts felt it was time to cover. Overall its a great sign the the sentiment has turned and we may have bottomed. 

[PROtrading]

100% correct.  Just means they are waiting for dummies to run it back up before going at her again!

[widrig]

Very early stages, give them time. HIP have their sales license and are now well capitalized. Niagara Facility 400,000 SF. Production capacity of 24,500 KG with plans to double. Very well positioned and currently undervalued IMO. Grossly oversold!! Should get a few nice pops before EOM with RRSP deadline. I will hold for $5.00 range by mid summer IMO.