|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.3650 - 0.4085|
|52 Week Range||0.2177 - 0.9880|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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.
The consolidation in the cannabis industry continues as Canadian company HEXO Corp (NYSE: HEXO ) and Newstrike Brands Ltd (OTC: NWKRF ) reached an agreement under the terms of which HEXO will buy Newstrike ...
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.
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 , Aug. 21, 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 entered into an agreement naming it to the list of official suppliers to the Ontario Cannabis Store (OCS), positioning Up Cannabis to service Canada's largest adult-use cannabis market. "We are absolutely thrilled to be among the select group of licensed producers to partner with the OCS to service the ground-breaking launch of Canada's largest adult-use cannabis market," said Jay Wilgar , CEO of both Newstrike and Up Cannabis.