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Hemisphere Pharma Parent to Start Trading Tomorrow!

May 31, 2017

 

Yet another Licensed Producer is coming to the TSX Venture Exchange! Hemisphere Pharmaceuticals' parent, Newstrike Ltd. is expected to begin trading tomorrow, June 1st, 2017. Shares of Newstrike will be trading on the TSX-V under the symbol "HIP". Given the recent selling pressure across many of the Licensed Producers and the marijuana space broadly, it will be interesting to watch investor demand in this newly listed LP. 

 

Newstrike's wholly-owned subsidiary, Hemisphere Pharmaceuticals, is licensed under Health Canada's Access to Cannabis for Medical Purposes Regulations (ACMPR) to cultivate cannabis at its facilities in Brantford, Ontario. Hemisphere Pharmaceuticals received its license to cultivate in December of 2016 and has a 14,000 square foot facility capable of producing approximately 3,000 kg of dry cannabis or 1.2M clones per year. Newstrike is also planning to commence construction of an additional facility in Creemore in the fourth quarter of this year. 

 

Newstrike also has a partnership with iconic Canadian rock band, The Tragically Hip. Members of the band hold approximately 6% of the company's shares and are active stakeholders. 

 

Learn more about Newstrike by checking out their investor deck here

 

We'll be watching the markets tomorrow to see how things go for Newstrike, and we'll be sure to keep you posted on any developments. In the meantime, be sure to subscribe to our Canadian LP Newsletter to stay up to date with the LPs and check out our Canadian LP Database to check out Newstrike's publicly traded peers. Also, don't forget, MedReleaf Corp. (TSX:LEAF) is expected to make its debut on the Toronto Stock Exchange on June 7th, 2017

 

D/M/O

Disclaimers:  

 

I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article.

 

This site has been designed for informational and educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced upon the site. The services and information provided through this site are for personal, non-commercial, educational use and display. www.dailymarijuanaobserver.com does not provide investment advice through this site and does not represent that the securities or services discussed are suitable for any investor. Investors are advised not to rely on any information contained in the site in the process of making a fully informed investment decision.

 

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Disclaimer: Except for the historical information and data presented herein, matters discussed in articles on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future performance or achievements expressed or implied by such coverage. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. Before making specific investment decisions, readers should seek their own professional advice and that of their own professional financial adviser. Smoke Show Ventures, Inc. or its affiliates, which owns The Daily Marijuana Observer, may be compensated for its services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.dailymarijuanaobserver.com/legal-disclaimer/.