Newstrike Brands Ltd NWKRF

Why HIP has not slipped

[quinlash]

For the benefit of those new to HIP... the POSSIBLE reason behind HIP holding so well this morning is the validation numbers behind the stock. 

HIP is actually trading under fair market value according to RBC and my own DD.  If we have a bunch of shareholders panic and sell on emotion we may see the SP slip however, as an investment, HIP is still undervalued and has been for far too long.

Again, if you are voting and trying to determine where HIP should going... work out the numbers, again, you may start to appreciate where the NO vote comments are coming from

GLTA.

Q

[EagerBeaver1972]

I always appreciate your rational assessment. I hop this deal goes through as I think the Hexo/hip/Molson combo with large exposure to Quebec and Ontario will be huge this summer. My hopes are in Truss

[quinlash]

Thanks Eager.  While I am not convinced HIP will fair better under HEXO than on its own I can certainly see some benefits to the merger.  The QC market is huge and the infused drink market should be interesting.  I believe HIP is the golden Goose in this deal and much of the value for HEXO going forward depends on the deal being approved.  HIP is definately the place to be with

[VeritasVern]

Quin where have you been? The valuation is that HIP is trading exactly where it should be which is HEXO stock ($9.55 x .06332) which is $0.605 so it is actually overvalued by $0.015. HIP is being bought by HEXO so it trades on that factor.

[quinlash]

Really?  Because we closed at .62 and HEXO is at $9.55...  that puts HIP trading at 2 cents above the exchange.  Either investors did the math and figured out a fair market value for HIP or the market is optimistic that the price of HEXO will be back at $10 very soon. IMO the leash has been broken and HIP is trading on its own validations now.

[flyboy27]

Cant wait till monday..... the plot gets thicker..  no selling with our CEO. LOL  hold onto your vote  last min.    is it Y or N  .... or   does it really matter?????...really?  maybe.

[mystique1]

quin.....many companies are suffering market blues right now because of investor boredom. Investors are waiting for expansions and new licensing, for product to sell, for edibles and infused beverage legislation, for updated financials. once these start happening, many in the doldrums should get major boosts.