Newstrike Brands Ltd NWKRF

Explain to me :

[samforhip]

Is it good news or bad news for HIP ? One store for LP company ....?????????

[thebiz]

Hey samforhip! IMO this is really good news for HIP! It should allow a more even sales distribution and even things out to get out of the gate. Newstrike was a late player to the game and this news is like taking away a portion on the head start that the bigger initial players had. Eventually this will catch up to our stock price.

[samforhip]

Thanks a million , I will keep following the news and I hope this will get bigger and bigger for hip , I believe this company will be a gold company and a big win for their investors . 

[TERRIBLE_ONE]

What does LP mean?

[ALeon89]

Licensed Producer

[TERRIBLE_ONE]

Thanks

[BUYING4ME]

All distribution is done by the OCS.  All dispensaries must buy wholesale from the OCS.  HIP would sell its weed to the OCS and then buy it buy back from the OCS for their stores. The interesting part nobody is talking about is the $7.38 price point.  If Ontario sticks to this, and both the OCS and private dispensary owners must make a profit, then the OCS is most likely

[BUYING4ME]

However, the limit of one store for each licensed grower came as a surprise and could derail the large-scale retail plans of some of the largest companies, such as Canopy. https://www.theglobeandmail.com/cannabis/article-ontario-government-unveils-proposed-rules-for-recreational-cannabis/