|Bid||0.66 x 0|
|Ask||0.67 x 0|
|Day's Range||0.65 - 0.68|
|52 Week Range||0.29 - 3.30|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Newstrike Resources Ltd. (HIP.V) (“Newstrike” or the “Company”) is pleased to announce that it has closed its previously announced short form prospectus offering on a bought deal basis, including the full exercise of the over-allotment option. A total of 69,000,000 units of the Company (“Units”) were sold at a price of $0.75 per Unit (the “Issue Price”), for aggregate gross proceeds to the Company of $51,750,000 (the “Offering”). Each Unit is comprised of one common share of the Company (a “Common Share”) and one-half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”).
Under the terms of the Offering, the Underwriters have agreed to purchase 60,000,000 units (“Units”) from the treasury of the Company, at a price of $0.75 per Unit and offer them to the public by way of short form prospectus for total gross proceeds of approximately $45 million. Each Unit will consist of one common share (each a “Common Share”) of the Company and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a “Warrant”) of the Company. Each Warrant will entitle the holder thereof to purchase one Common Share at a price equal to $1.00 for a period of 60 months following the closing of the Offering. The net proceeds of the Offering shall be used for strategic growth initiatives (both investments and acquisitions) as well as general corporate purposes.
Newstrike Resources Ltd. (HIP.V) ("Newstrike" or the "Company"), is pleased to announce that its wholly-owned subsidiary and licensed producer, Up Cannabis Inc. (“Up Cannabis”), has joined the newly formed Global Cannabis Partnership as a founding member, and will contribute to its mandate of creating a worldwide social responsibility standard for the safe and responsible production, distribution and consumption of legal adult-use cannabis. The Partnership, announced earlier today at the World Cannabis Congress in Saint John, New Brunswick, includes a wide-range of stakeholders including government agencies, licensed producers and affiliate organizations that will focus on the legalized cannabis industry. Its mandate will also include a focus on social responsibility standards as they apply to environment, community relations, traceability and accountability, stakeholder engagement, ethics, labour relations, research and collaboration.
Newstrike Resources Ltd. (HIP.V) (The “Company” or “HIP”) announced today the achievement of significant milestones and a strengthened financial position for the three months ended March 31, 2018. The Company’s wholly-owned subsidiary, Up Cannabis Inc., is a licensed producer of cannabis and related products under the Access to Cannabis for Medical Purposes Regulations (the “ACMPR”). The Company is pleased to report that its interim financial statements (the “Financial Statements”) and management’s discussion & analysis (“MD&A”) for the period ended March 31, 2018 are available on SEDAR at www.sedar.ca.
Newstrike Resources Ltd. (HIP.V) ("Newstrike" or the "Company") confirms that all of the issued and outstanding shares of its wholly-owned subsidiary, Enderlein Nurseries Ltd. ("Enderlein"), have been sold to 10673242 Canada Inc. (the "Purchaser") pursuant to a share purchase agreement dated May 25, 2018 ("Share Purchase Agreement"). Pursuant to the Share Purchase Agreement, the Purchaser is acquiring all of the issued and outstanding shares of Enderlein for total consideration of CAD$2,504,500, consisting of an upfront payment in the amount of CAD$1,479,500 and a future payment of CAD$1,025,000 (the "Holdback Amount"). Any further gain or loss attributable to the aforesaid transaction is expected to be nominal. The Holdback Amount is to be paid within 10 business days of Enderlein obtaining its cultivation licence from Health Canada (the "HC Licence") and becoming a licensed producer of medical cannabis (a "Licensed Producer") pursuant to the Access to Cannabis for Medical Purposes Regulations.
Newstrike Resources Ltd. (“Newstrike” or the “Company”), (HIP.V) is pleased to announce that further to its press release on May 24, 2018, the Company, and Cormark Securities Inc. and INFOR Financial Inc. (the “Co-Lead Underwriters”), on behalf of a syndicate of underwriters (together with the Co-Lead Underwriters, the “Underwriters”) have agreed to increase the size of its previously announced $40 million “bought deal” offering. Pursuant to the upsized deal terms, the Underwriters have agreed to purchase, on a “bought deal basis” 60,000,000 units (“Units”) from the treasury of the Company, at a price of $0.75 per Unit (the “Offering Price”) for aggregate gross proceeds of $45 million (the “Offering”). Each Unit will consist of one common share (each a “Common Share”) of the Company and one-half of one Common Share purchase warrant (a “Warrant”) of the Company.
Newstrike Resources Ltd. (HIP.V) (the “Company” or “HIP”) is pleased to announce that it has entered into an agreement with a syndicate of investment dealers co-led by Cormark Securities Inc. and INFOR Financial Inc. (the “Underwriters”) pursuant to which the Underwriters have agreed to purchase 53,350,000 units (“Units”) from the treasury of the Company, at a price of $0.75 per Unit and offer them to the public by way of short form prospectus for total gross proceeds of approximately $40 million (the “Offering”). Each Unit will consist of one common share (each a “Common Share”) of the Company and one-half of one Common Share purchase warrant (a “Warrant”) of the Company.
Newstrike Resources Ltd. (HIP.V) ("Newstrike" or the “Company”) is pleased to announce that it has entered into an investment agreement with Inner Spirit Holdings Ltd. (“Inner Spirit”) dated May 18, 2018 (the “Agreement”), pursuant to which both Newstrike and Inner Spirit will acquire equity interests in each other and enter into a companion strategic alliance agreement for the retail distribution of Up Cannabis products and the creation and operation of Up Cannabis-branded customer lounges or “Experiential Hubs” in each of Inner Spirit’s stores. “We believe this investment and strategic alliance have the potential to effectively elevate the profile of the Up Cannabis brand and increase consumer access to Up’s full line of cannabis and related products”, commented Jay Wilgar, Newstrike’s CEO.
TORONTO, May 22, 2018-- Newstrike Resources Ltd. announced today that all business tabled for consideration and approval at Newstrike’ s Annual and Special Meeting of Shareholders held on May 22, 2018 ...
Up Cannabis, a wholly-owned subsidiary of Newstrike Resources Ltd. (HIP.V) and the Unison Benevolent Fund, a non-profit, registered charity that provides counselling and emergency relief services to the Canadian music community, today announced a partnership agreement that will serve to strengthen Unison’s longstanding Counselling and Health Solutions program. The partnership, which entails an infusion of funds totaling $150,000, will also offer Unison members access to a Cannabis Responsible Use resource to which they can turn for questions about the emerging legalized cannabis marketplace. Jay Wilgar, CEO of Up Cannabis, said the partnership is meant to solidify Up’s wholehearted support of the Canadian music industry, which began with fundraising support in 2017 at Unison’s Holiday Schmoozefest and the 2018 Unison Rocks Charity Bonspiel in January.
Most recently he served as Chief Financial Officer for Sirius XM Canada where he was instrumental in completing the organization’s recapitalization go-private transaction. Prior to SiriusXM Canada, he served as President, Drainage Solutions at Armtec LP (a Brookfield company). In this role, Jason also served as President of the Corrugated Steel Pipe Institute and was an active member of the Management Committee of the U.S. Plastic Pipe Institute.
Newstrike Resources Ltd. (HIP.V) ("Newstrike" or the "Company"), is pleased to announce that its wholly-owned subsidiary, Up Cannabis Inc. (“Up Cannabis”), has strengthened its senior management ranks with the appointments of industry veterans Liesbeth Teerink as Vice President, Marketing and Peter Kirkwood as Vice President, Sales. The additions of Teerink and Kirkwood, both of whom bring decades’ worth of leadership and experience in their respective fields, point to the company’s continued focus on building a recognizable, consumer-driven brand and a sales strategy designed with varying provincial supply and distribution models foremost in mind. Jay Wilgar, CEO of Newstrike and Up Cannabis, said the appointments bolster a sales and marketing team that is already poised for top-of-mind awareness when the adult-use cannabis market is launched with legalization.
-new Lead Director brings audit & governance expertise complemented by an unparalleled career in consumer packaged goods, hospitality/food service, retail and branding sectors-. TORONTO, April 30, 2018-- ...
TORONTO, April 26, 2018-- Newstrike Resources Ltd. the parent company of Up Cannabis Inc. a licensed producer of cannabis and related products, today reported its financial results for the twelve-month ...
TORONTO, April 02, 2018-- Newstrike Resources Ltd., is pleased to announce that its wholly-owned subsidiary and licensed producer of cannabis, Up Cannabis Inc., has received a producer’ s licence to cultivate ...
The approval of the C$1.1 billion ($857.37 million) deal from the Competition Bureau follows months of tensions between the companies and comes at a time when companies are jostling to gain from the country's legalization of recreational use of pot. Aurora had initially made a hostile bid capped at C$24 per share for CanniMed in November and increased it to C$43 in the new offer. Cannimed, which was already engaged in a friendly deal to buy Newstrike Resources (TSXV:HIP.V - News), canceled it in January in favor of the increased Aurora offer.
Not for distribution to U.S. newswire services or for dissemination in the United States Newstrike Resources Ltd. is pleased to announce that the Company has entered into a revised agreement...
The agreement to create the world's top marijuana producer by market value follows months of tensions between the companies. Aurora had originally made a hostile bid capped at C$24 per share for CanniMed, and increased it to C$43 in the new offer. The deal marked the world's biggest marijuana industry transaction, bringing the value of cannabis deals so far this year to $1.2 billion, more than double 2017's total, itself a record, according to Thomson Reuters data.
VANCOUVER , Jan. 24, 2018 /CNW/ - Trading resumes in: Company: NEWSTRIKE RESOURCES LTD TSX-Venture Symbol: HIP Resumption (ET): 9:30 January 25, 2018 IIROC can make a decision to impose a temporary suspension ...