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Newstrike Brands Ltd. (V:HIP)

Business Focus: Alternative Medicine

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Insider Chart - Past 6 Months

Insider Filings

Latest 10 SEDI filings for HIP within the last 6 months
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Company News

May 22, 2019 15:01 ET
Newstrike Obtains Final Order Approving Plan of Arrangement with HEXO
TORONTO, May 22, 2019 /CNW/ - Newstrike Brands Ltd. (TSX-V:HIP) ("Newstrike" or the "Company") today announced that it has obtained a final court order from the Ontario Superior Court of Justice approving the previously announced plan of arrangement under the Business Corporations Act (Ontario), in which HEXO Corp. ("HEXO") (TSX: HEXO; NYSE-A: HEXO) will acquire all of Newstrike's issued and outstanding common shares by way of a plan of arrangement under the Business Corporations Act (Ontario) (the "Arrangement").
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May 17, 2019 15:39 ET
Newstrike Announces Voting Results for Annual and Special Meeting and Shareholder Approval of Arrangement Resolution with HEXO
TORONTO, May 17, 2019 /CNW/ - Newstrike Brands Ltd. (TSX-V:HIP) ("Newstrike" or the "Company") is pleased to announce that, at the Annual and Special Meeting (the "Meeting"), Newstrike shareholders overwhelmingly voted in favour of  the arrangement resolution (the "Arrangement Resolution") under which HEXO Corp. ("HEXO") (TSX: HEXO; NYSE-A: HEXO) will acquire all of Newstrike's issued and outstanding common shares by way of a plan of arrangement under the Business Corporations Act (Ontario) (the "Arrangement").
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Valuation Ratios

Industry
Sector
Beta
-0.64
--
--
Price to Sales - TTM
39.47
27.45
18.15
Price to Book - most recent quarter
2.17
2.98
3.34
Price to Cash Flow per share - TTM
--
16.28
12.71
Price to Free Cash Flow per share - TTM
--
22.22
14.17
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
May 15, 2019353,733-990,922
Apr 30, 20191,344,655929,347
Apr 15, 2019415,308-15,393
See Short Report

Business Summary

Sector:  Healthcare Industry:  Pharmaceuticals

Newstrike Brands Ltd, formerly Newstrike Resources Ltd, is a Canada-based company that is engaged in the cultivation and sale of cannabis in all acceptable forms including dried and fresh marihuana. The Company operates through its subsidiary Up Cannabis Inc. Up Cannabis Inc is a licensed producer of cannabis, which focuses on creating adult use cannabis products. Up Cannabis Inc is in turn the parent company of Up Cannabis Niagara Inc. Newstrike Brands Ltd, through Up Cannabis and together with strategic partners, including Canada's iconic musicians The Tragically Hip, develops a network of cannabis brands. The Company owns licensed production facilities in both Brantford and Niagara Ontario, Canada. The primary facility, located in Brantford, Ontario, Canada has an annual capacity of approximately 2,500 kilograms of cannabis.

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