Newstrike Brands Ltd (HIP)

TSXV
0.5900
0.0000(0.00%)
  • Volume:
    0
  • Bid/Ask:
    0.5800/0.5900
  • Day's Range:
    0.5800 - 0.6000

HIP Overview

Prev. Close
0.59
Day's Range
0.58-0.6
Revenue
8.07M
Open
0.59
52 wk Range
0-0
EPS
-0.04
Volume
0
Market Cap
140.96M
Dividend (Yield)
N/A
(N/A)
Average Volume (3m)
9,380,103
P/E Ratio
-
Beta
-0.62
1-Year Change
0%
Shares Outstanding
370,959,346
Next Earnings Date
-
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Newstrike Brands Ltd News

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Newstrike Brands Ltd Analysis

Newstrike Brands Ltd Company Profile

Newstrike Brands Ltd Company Profile

Employees
71
Market
Canada
  • Type:Equity
  • Market:Canada
  • ISIN:CA65250J1084
  • CUSIP:65250J108

Newstrike Brands Ltd., together with its subsidiaries, produces and sells medical marijuana in Canada. It provides dried and fresh dried and fresh marihuana, marihuana plants and seeds, cannabis resin, and cannabis oil. The company also offers personal care products; and vapes, as well as develops, markets, and sells cannabis edibles. It sells its products under the Up Cannabis brand name. The company was formerly known as Newstrike Resources Ltd. and changed its name to Newstrike Brands Ltd. in July 2018. Newstrike Brands Ltd. is headquartered in Oakville, Canada. As of May 24, 2019, Newstrike Brands Ltd. operates as a subsidiary of HEXO Corp.

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Technical Summary

Type
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Moving AveragesStrong BuyStrong BuyBuyStrong BuyStrong Buy
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SummaryStrong BuyStrong BuyNeutralNeutralNeutral
  • I guess we're officially HEXO share owners. R.I.P. HIP, a.k.a Newsstrike.I hope we shoot up on this acquisition...
    0
    • is the acquisition still may 24th?if so, my share will be converted to HEXO shares?
      0
      • The last i heard its still the 24th
        0
    • I cant handle the risk of a dip in the interim from now until meeting, particularly with the china news. Not good.
      1
      • your out? acquisition is end of this month thou
        0
      • your out? acquisition is end of this month thou
        0
      • Out then back in with more shares scored. I think the deal is a bit undervalued. Sure hope it's worth it.
        0
    • what's with the spikes lately?!?! Are we going back to 3.30 before we're aquired by HEXO? :) I hope so.
      1
      • May 17 theres a meeting and May 24 should be the day where hexo takes over
        0
    • May 17th Shareholders meeting
      0
      • I'm assuming the hexo and hip acquisition was fake news.... considering nothing happened.
        2
        • Is there a xhange coming soon or what ? HIP to HEXO
          0
          • iv been asking the same thing everywhere, no one will or can give a concrete answer!!This is frustrating, don't know whether to pull my money with loss or wait it out. And considering HEXO has been going up....
            0
        • when the HIP to HEXO switch?
          0
          • .50 stocks rarely pay dividends
            0
          • well rob that logic isnt exactly sounds. HEXO going to save your investment. HIP is a penny stock had 1 good month. HeXO has future growth. you have a possibility of seeing 30 a share. which would bring bad HIP investments to the green
            0
          • I understand what your saying Nick. I don't know anything about hexo. So that's why reason for my comment. Not even sure when this acquisition is taking place. or if I should keep hexo shares or just take a loss on hip and forget about it...
            0
        • Can someone tell me what this means because i dont get it, does this mean im going to get paid 0.06332 a share and then im done or do my shares carry over to HEXO Under the terms of the deal announced early Wednesday, Newstrike shareholders will be offered 0.06332 of a Hexo share for each share held. If the transaction goes through, Newstrike shareholders would own 14 per cent of the combined company.
          1
          • all i know is im gonna lose large so what ever hexo is ill take it, at least ill see green numbers
            0
          • eventually... from what I've been told, hip owners receive hexo shares at a ratio of .06332. Multiply number of your shares with .06332. That gives you total amount of hexo shares you will eventually receive. I just don't know when this is going to take place...
            1
          • I appreciate all the information. thank you.
            0
        • Hopefully HEXO can save the day
          0
          • when's the switch?
            0