|Bid||0.5400 x 0|
|Ask||0.5500 x 0|
|Day's Range||0.5300 - 0.5600|
|52 Week Range||0.3500 - 1.2500|
|Beta (3Y Monthly)||0.83|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 26, 2018 - Nov 30, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
HEXO Corp (NYSEAMERICAN:HEXO) has indicated that the acquisition of the Newstrike Brands (OTCMKTS:NWKRF) would see the resulting company obtain over $400 million in net profit by 2020. Considering the figure the business combination could result in the company having forward sales trading at 3.8x. Cannabis industry competitors have forward sales trading of 69x, and therefore […]The post HEXO Acquisition Of Newstrike Brands Could Be Undervalued appeared first on Market Exclusive.
CORAL GABLES, FL / ACCESSWIRE / March 13, 2019 / The marijuana stock market has been anything but safe over the course of the past few years, during the course of which, top cannabis companies in the industry have seen huge boosts in investor interest. Leafbuyer Technologies Inc (OTC:LBUY), Newstrike Brands Ltd (OTC PINK: NWKRF) (HIP.V), TILT Holdings Inc (OTC PINK: SVVTF), and Cresco Labs Inc (CRLBF) represent 4 marijuana stocks heating up on Wednesday. Leafbuyer Technologies Inc (OTC:LBUY) has come to be known as the most comprehensive online resource for information related to cannabis, as well as how to procure products currently available on the market.
Quebec-based cannabis company Hexo Corp. said Wednesday it has agreed to acquire Toronto-based Newstrike Brands Ltd. in an all-stock deal valued at about C$263 million ($197 million). Newstrike shareholders will receive 0.06332 Hexo shares for each Newstrike share owned. Both boards have approved the deal which must now be approved by shareholders. The deal will give Hexo an extra capacity of roughly 150,000 kg of cannabis annually and diversify its domestic market distribution. The combined companies will have agreement in 8 Canadian provinces, including Quebec, British Columbia, Alberta, Saskatchewan, Manitoba, Nova Scotia, and Prince Edward Island. The companies expect to generate annual synergies of $10 million. Hexo is expecting to achieve net revenues from Canadian cannabis sales of $400 million for fiscal 2020. Hexo shares rose 2.7% premarket on the news. U.S.-listed shares of Newstrike were not yet active.
NYSE-A: HEXO) and Newstrike Brands Ltd. ("Newstrike") (HIP.V) are pleased to announce that they have entered into a definitive arrangement agreement (the "Arrangement Agreement") under which HEXO will acquire, by way of a plan of arrangement under the Business Corporations Act (Ontario), all of Newstrike’s issued and outstanding common shares in an all-share transaction valued at approximately $263 million (the "Transaction"). Under the terms of the Arrangement Agreement, Newstrike shareholders will receive 0.06332 of a HEXO common share in exchange for each Newstrike common share held.
ALMONTE, ON , March 12, 2019 /CNW/ - 3 Sixty Risk Solutions Ltd. ("3 Sixty" or the "Company") (SAFE.CN) (62P2.F) is pleased to announce that the Company, which operates through its wholly-owned subsidiary, 3 Sixty Secure Corp., is providing secure transport and guarding services to Up Cannabis Inc. ("Up Cannabis"), a wholly-owned subsidiary of Newstrike Brands Ltd. (HIP.V) ("Newstrike"). The significant growth potential of Up Cannabis, with provincial distribution agreements in seven provinces and expansion underway to increase annual production capacity to over 40,000 kilograms, is well aligned with 3 Sixty's strategic priorities which include significant organic growth by adding new customers and the expansion of security services offered to existing customers within the recently legalized cannabis industry.
ZYUS Life Sciences Inc. (“ZYUS”) and Up Cannabis Inc. (“Up Cannabis”), a wholly-owned subsidiary of Newstrike Brands Ltd. (HIP.V) (“Newstrike”), are pleased to announce that they have entered into a definitive Supply Agreement (the “Agreement”) for ZYUS to purchase dried bulk cannabis from Up Cannabis. Up Cannabis will supply bulk dried cannabis as raw material for processing by ZYUS into its emerging brand of cannabinoid-based products, subject to the receipt of licensing by ZYUS under the Cannabis Act and the Controlled Drugs and Substances Act, which ZYUS anticipates receiving in the first half of 2019. “Providing access to a consistent supply of high-quality medical cannabis products for both patients and their healthcare providers in the domestic and international market is what will set ZYUS apart in today’s fast-growing medical cannabis market,” said Brent Zettl, President and CEO of ZYUS.
TORONTO , Jan. 21, 2019 /CNW/ - Newstrike Brands Ltd. (HIP.V) ("Newstrike" or the "Company"), is pleased to announce that it has strengthened its senior management ranks with the appointment of the following hires to focus on the execution of the company's strategic growth plan: Mark E. Burton as Chief Strategy Officer, Sylvie Levesque as Chief Marketing Officer, and Trevor Folk as Vice President, New Products. To Newstrike, Mark Burton brings an illustrious career spanning more than three decades, with previous roles including CEO of five separate technology companies, two of which were TSX-listed, and three of which were venture capital-backed private companies.
Cannabis News Canadian cannabis firm Aphria (NYSE: APHA) has acquired CC Pharma GmbH, a distributor of pharmaceutical products including medical cannabis to more than 13,000 pharmacies in Germany as well as throughout Europe. "As one of the most promising medical cannabis markets in the world, Germany is a top strategic priority for Aphria," the Ontario-based company […] The post Cannabis Stock News Daily Roundup January 9 appeared first on Market Exclusive.
CALGARY , Jan. 8, 2019 /CNW/ - Inner Spirit Holdings Ltd. ("Inner Spirit" or "the Company") (ISH.CN) today provided its December 2018 sales results, recapped its year-end highlights, and delivered a strategy update for 2019. Inner Spirit reported system-wide retail sales of $2,253,919 for the month of December.
TORONTO , Jan. 8, 2019 /CNW/ - Newstrike Brands Ltd. (HIP.V) ("Newstrike" or the "Company"), is pleased to announce that its wholly-owned subsidiary, Up Cannabis Inc. ("Up Cannabis"), has been accepted by the Manitoba Liquor and Lotteries Corporation ("MBLL"), as an official supplier of non-medical adult-use cannabis to the province's licensed private sector retailers. "We are very proud to say that, with this agreement in place, we continue to build a best-in-class distribution network for Up Cannabis products from coast to coast," said Jay Wilgar , CEO of both Newstrike and Up Cannabis. Manitoba is the seventh Canadian province with which Up Cannabis has announced distribution.
TORONTO , Jan. 4, 2019 /CNW/ - Newstrike Brands Ltd. (HIP.V) ("Newstrike" or the "Company") and its wholly-owned subsidiary, Up Cannabis Inc. ("Up Cannabis"), today announced it has undertaken a voluntary product recall as a precautionary measure regarding a portion of a single, specific lot of its cannabis sold only in Alberta . Retesting of the product detected levels of mould/ microbial contaminants which exceeded acceptable limits. This recall involves 1,428 units of one lot of Up Cannabis Inc. 7g dried cannabis jars sold to the Alberta Gaming Liquor & Cannabis (AGLC). The affected product is isolated to the November 28, 2018 packaging date and was sold only in Alberta. No other Up Cannabis product is affected by this notice.
TORONTO , Dec. 20, 2018 /CNW/ - Newstrike Brands Ltd. (HIP.V) ("Newstrike" or the "Company") announces that it has changed its auditors from Dale Matheson Carr-Hilton Labonte LLP ("Former Auditor") to KPMG LLP ("Successor Auditor") effective December 20, 2018 . At the request of the Company, the Former Auditor resigned as the auditor of the Company effective December 19, 2018 and the board of directors of the Company appointed the Successor Auditor as the Company's auditor effective December 20, 2018 , until the next Annual General Meeting of the Company.
TORONTO , Dec. 12, 2018 /CNW/ - Newstrike Brands Ltd. (HIP.V) ("Newstrike" or the "Company"), is pleased to announce that its wholly-owned subsidiary, Up Cannabis Inc. ("Up Cannabis"), has received initial purchase orders from PEI Cannabis Management Corporation (PEICMC) for adult-use cannabis products. "We are increasing the availability of Up Cannabis products from coast to coast," said Jay Wilgar , CEO of both Newstrike and Up Cannabis. Up Cannabis has also formalized supply agreements with the Nova Scotia Liquor Corporation (NSLC), Ontario Cannabis Store (OCS) and the Alberta Gaming, Liquor & Cannabis Commission (AGLC).
TORONTO , Dec. 11, 2018 /CNW/ - Newstrike Brands Ltd. (HIP.V) ("Newstrike" or the "Company") is pleased to announce that it has completed its previously-announced transaction with Peter Neal and Chris Neal and their company, Neal Brothers Inc. (" Neal Brothers ") to create a co-branded specialty food products company (the "Joint Venture ") to develop, market and sell cannabis edibles. Newstrike has also completed its transaction to acquire a minority interest in Neal Brothers , pursuant to a share purchase agreement (the "Share Purchase").
The global legal cannabis market is projected to hit $146.4 billion by end of 2025, according to research by Grand View Research. The legal cannabis industry is gaining traction worldwide due to high demand among consumers for recreational and medical products. Recreational cannabis spending is projected to hit $35 Billion mark, while medical cannabis spending […] The post Cannabis Stock News Daily Roundup November 28 appeared first on Market Exclusive.
TORONTO , Nov. 28, 2018 /CNW/ - Newstrike Brands Ltd. (HIP.V) ("Newstrike" or the "Company") is pleased to announce that it has entered into an agreement, as of today's date, with Peter Neal and Chris Neal and their company, Neal Brothers Inc. ("Neal Brothers") to create a co-branded specialty food products company (the "Joint Venture Agreement") to develop, market and sell cannabis edibles. " We are bringing together two established brands and combining our respective strengths in a venture focused on the cannabis edibles sector. The Neal Brothers are innovators with a proven track record of creating a premium brand of products.
Marijuana is going mainstream, and this $120 billion market globally will soon be emerging from the shadows. Any marijuana supply in the coming years will undoubtedly be spoken for as demand for recreational and medical skyrockets in North America. One way to quantify that potential is through production capacity, measured in square feet and kilograms of output.
TORONTO , Nov. 13, 2018 /CNW/ - Newstrike Brands Ltd. (TSX-V:HIP) ("Newstrike" or the "Company") today announced the appointment of Sean Byrne as Chief Financial Officer, effective immediately. "Sean brings a wealth of strategic industry, regulatory and public company experience from the consumer-packaged goods, agricultural products, and beverage alcohol industries that we believe can help accelerate our progression as a brand-focused licensed producer in a highly regulated market," said Jay Wilgar , CEO of Newstrike. Most recently, Mr. Byrne was CFO at TSX listed Brick Brewing Limited Co., the largest Canadian-owned brewer in Ontario .
TORONTO , Nov. 12, 2018 /CNW/ - Newstrike Brands Ltd. (TSX-V:HIP) ("Newstrike" or the "Company"), is pleased to announce that its wholly-owned subsidiary Up Cannabis Inc. ("Up Cannabis"), has had its licences issued under the Access to Cannabis for Medical Purposes Regulations (ACMPR) successfully migrated to licences under the Cannabis Act and its regulations for both its Brantford and Niagara Facilities. "The migrated licences from Health Canada allow us to bring to market cannabis products cultivated at our flagship Niagara Facility," said Jay Wilgar , CEO of Newstrike and Up Cannabis. Up Cannabis products are currently available through licenced provincial retail channels throughout Canada .
TORONTO , Nov. 8, 2018 /CNW/ - Newstrike Brands Ltd. (HIP.V) (the "Company" or "HIP") announced today the achievement of significant milestones and a strengthened financial position for the three and nine months ended September 30, 2018 . The Company's wholly-owned subsidiary, UP Cannabis Inc. ("Up Cannabis"), is a licensed producer of cannabis and related products under the Access to Cannabis for Medical Purposes Regulations ("ACMPR"). The Company's interim financial statements and management's discussion and analysis for the three and nine months ended September 30, 2018 and its amended and restated interim financial statements and management's discussion and analysis for the three and nine months ended September 30, 2017 (the "Amended Statements") are available on SEDAR at www.sedar.com.
TORONTO , Oct. 22, 2018 /CNW/ - Newstrike Brands Ltd. (TSX-V:HIP) ("Newstrike"), is pleased to provide a statement from Jay Wilgar , CEO of both Newstrike and its wholly-owned subsidiary Up Cannabis Inc. ("Up Cannabis"), in response to the commencement of adult-use cannabis sales in Ontario—the company's forecasted largest market—that began on October 17 . "Many of our shareholders, customers and the general public have asked us how sales have performed since Day 1 of legalization," said Jay Wilgar , CEO of Newstrike and Up Cannabis. It is encouraging to see adult-use consumers choosing our products, and the response to our brand and product at the Ontario Cannabis Store (OCS), both officially and anecdotally has been overwhelming.
TORONTO , Sept. 28, 2018 /CNW/ - Newstrike Brands Ltd. (TSX-V:HIP) ("Newstrike" or the "Company") announces it has granted incentive stock options to certain of its directors and service providers to purchase up to an aggregate of 700,000 common shares of the Company (the "Options"). The Options are exercisable for a period of three years, at a price of $0.75 per share, being the closing price of the Newstrike common shares on the TSX Venture Exchange on September 25, 2018 , the last trading prior to the date of grant. All Options were granted in accordance with the Company's stock option plan. This news release contains forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Newstrike to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.