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That's great Renee!,.. one done deal - fully complete ;).
HEXO$
HIP/NWKRF: Effective May 30,2019, HEXO Corp has agreed to acquire all of the issued and outstanding common shares of Newstrike by way of a plan of arrangement under the provisions of the Business Corporations Act (Ontario) (the "Transaction"). Under the Agreement, Each Newstrike shareholder will be entitled to receive 0.06332 of a common share of HEXO for each common share of Newstrike held.
FINRA deleted symbol:
https://otce.finra.org/otce/dailyList?viewType=Deletions
Wish you and all Hipsters a great adventure on our journey together ;).
“Today, our company begins the next phase of its great adventure,” said Sebastien St-Louis, CEO and co-founder of HEXO. “The combination of these two talented teams, both pioneers in the cannabis industry, will accelerate HEXO’s vision of creating the best cannabis technology company. I would like to take this opportunity to thank Jay Wilgar and the entire Newstrike team for the trust they have given HEXO as we continue our journey together,” added St-Louis.
HEXO HIP$
Fuck you newstrike there was no real vote the insiders had all the shares
Very nice vote turnout in favor of HEXO$ - 97%
HIP$
Yep Dust but it is what it is at this point, and time's still totally on our side moving forward glty
Newstrike Approves HEXO Merger + Buy/Sell Signal, Chart & DD Links
View here
Didn't matter that we voted NO!
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").
The Arrangement Resolution required approval by (i) at least 66 2/3% of the votes cast by the shareholders of Newstrike; and (ii) a simple majority of the votes cast by disinterested shareholders of Newstrike, present at a special meeting of Newstrike shareholders.
The Arrangement Resolution was approved by approximately 97.6% of the votes cast by all of the Newstrike shareholders eligible to vote at the Meeting. The Arrangement Resolution was approved by approximately 97.1% of the votes cast by all of the disinterested Newstrike shareholders eligible to vote at the Meeting.
Completion of the Arrangement Resolution remains conditional on approval by the Ontario Superior Court of Justice (the "Court") and certain other closing conditions. The application for the final order from the Court is scheduled for May 22, 2019. Assuming that the conditions to closing are satisfied or waived, it is expected that the Arrangement will be completed on or around May 24, 2019.
Following completion of the Arrangement, Newstrike will become a wholly owned subsidiary of HEXO, and will cease to be a reporting issuer and its shares will be delisted from the TSXV.
At the Meeting, Newstrike shareholders also approved the appointment KPMG LLP as auditors and the following directors were re-elected: James (Jay) Wilgar, Peter Hwang, Liam Scott, Stephen Smith, Nik Van Haeren and Brett Whalen.
Further information about the Arrangement is set forth in the materials prepared by Newstrike in respect of the Meeting which were mailed to shareholders of Newstrike. These materials as well as the full voting results on all matters voted at the Meeting will be filed under Newstrike's profile on SEDAR at www.sedar.com.
Yep and I got voting papers for ISH annual meeting too. Have a great weekend Dust and all:)
Just got my voting papers today from TD Ameritrade I voted NO to all and you can scan a qr code and proxyvote.com withhold all/ withold/ against I made my voice heard hope you all do the same and we get a fair market evaluation.
GM Hunch, nice to see this one entering such a powerful era of growth!
Nice GREEN Close for HIP
Like Neil said, ".. it's better to consolidate, than to fade away."
HIP$
https://www.newyorker.com/culture/culture-desk/watching-canadas-biggest-rock-band-say-a-dramatic-goodbye
03/13/2019 a "deal" was announced between Newstrike Brands and HEXO Corp. Existing shareholders of $HIP will exchange 1 share for 0.06332 shares of $HEXO. Closing prices on 03/13/2019: HEXO $6.00 HIP $0.50. That closing price ratio was 0.08333. So on 03/13/2019 all shareholders owning $HIP took an instant 24% haircut.
The math is 1-(0.06332/0.08333) * 100%.
Why is this not a CLASS ACTION?
Computing $HIP value:
$HEXO $7.38 * 0.06332 = $0.47
This is the value management has placed on the stock. If you can get more take it. If you're a buyer this is what you're buying.
Computing $HIP opening value:
$HEXO $8.28 * 0.06332 = $0.52
I will post this calculation daily. Blunder of the year right here folks.
Computing $HIP opening value:
$HEXO $7.85 * 0.06332 = $0.49
I will post this calculation daily. Blunder of the year right here folks.
OK, so let's do the math. What is the actual value of one share of HIP?
I get the ratio is 0.06332 and is not a typo.
HEXO stock price right now: $7.17
$7.17 x 0.06332 = $0.45
So each share of HIP is currently worth $0.45. Got it.
HOD cool.
I like that the T.HIP likey:
The board of directors of Newstrike has reviewed the terms and conditions of the Arrangement Agreement. After careful consideration of, among other things, the recommendations and reasons of the Newstrike Special Committee (as defined in the Information Circular), the Fairness Opinion (as defined in the Information Circular), advice of legal and financial advisors and such other matters as it considered relevant, the board of directors of Newstrike has unanimously determined that the execution, delivery and performance of the Arrangement Agreement is in the best interests of Newstrike and the Arrangement Agreement is fair to the Newstrike shareholders.
Accordingly, the board of directors of Newstrike unanimously recommends that the Newstrike shareholders vote in favour of the Transaction.
If you have questions or require more information with regard to the procedures for voting, please contact TSX Trust Company, by telephone at 1-866-600-5869 (toll free in North America) or 416-342-7091, by facsimile at 416-361-0470 or by email at tmxeinvestorservices@tmx.com.
Newstrike Files Management Information Circular with respect to the Arrangement Agreement with HEXO
TORONTO, April 25, 2019 /CNW/ - Newstrike Brands Ltd. (TSX-V:HIP) ("Newstrike" or the "Company") today announced that it has filed a Management Information Circular ("Information Circular") and related voting materials in connection with the annual and special meeting of Shareholders to be held on May 17, 2019 (the "Meeting"). The purpose of the Meeting is to approve the definitive arrangement agreement (the "Arrangement Agreement") under which HEXO Corp ("HEXO") (TSX: HEXO; NYSE-A: HEXO) will acquire, by way of a plan of arrangement under the Business Corporations Act (Ontario), all of Newstrike's issued and outstanding common shares in an all-share transaction (the "Transaction").
Meeting materials will be delivered by mail to Newstrike shareholders of record at the close of business on April 12, 2019, who are entitled to receive notice of and vote at the Meeting. The meeting materials are also available on SEDAR at www.sedar.com.
Your vote is important. Newstrike encourages shareholders to read the meeting materials in detail. Proxy or voting instructions from Newstrike shareholders must be received by no later than 2:00 p.m. (Toronto time) on May 15, 2019.
HEXO has entered into irrevocable hard voting support agreements with certain of Newstrike's directors and officers, along with certain other shareholders of Newstrike, representing in aggregate 38.3% of Newstrike's issued and outstanding common shares.
Upon the completion of the Arrangement, the combined HEXO and Newstrike business is expected to be a market leader as one of the largest cannabis-based companies by consumer access and product supply in Canada. The combined entity will be well positioned to offer a diversity of products for multiple applications and increasing competitiveness. In addition to these strategic benefits, it is expected that the combined entity will deliver significant cost savings through operational and infrastructure synergies.
Recommendation of the Board of Directors
The board of directors of Newstrike has reviewed the terms and conditions of the Arrangement Agreement. After careful consideration of, among other things, the recommendations and reasons of the Newstrike Special Committee (as defined in the Information Circular), the Fairness Opinion (as defined in the Information Circular), advice of legal and financial advisors and such other matters as it considered relevant, the board of directors of Newstrike has unanimously determined that the execution, delivery and performance of the Arrangement Agreement is in the best interests of Newstrike and the Arrangement Agreement is fair to the Newstrike shareholders.
Accordingly, the board of directors of Newstrike unanimously recommends that the Newstrike shareholders vote in favour of the Transaction.
If you have questions or require more information with regard to the procedures for voting, please contact TSX Trust Company, by telephone at 1-866-600-5869 (toll free in North America) or 416-342-7091, by facsimile at 416-361-0470 or by email at tmxeinvestorservices@tmx.com.
About Newstrike and Up Cannabis
Newstrike is the parent company of Up Cannabis Inc., a licenced producer of cannabis that is licenced to both cultivate and sell cannabis in all acceptable forms. Newstrike, through Up Cannabis and together with select strategic partners, including Canada's iconic musicians The Tragically Hip, is developing a diverse network of high quality cannabis brands. For more information, visit http://www.up.ca ; or http://www.newstrike.ca
Forward-Looking Information
This news release contains forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Newstrike to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements in this news release include, but are not limited to: statements with respect to the completion of the Transaction and the timing for its completion; the satisfaction of closing conditions which include, without limitation (i) required Newstrike shareholder approval, (ii) necessary court approvals in connection with the plan of arrangement, (iii) receipt of any required approvals under the Competition Act, (iv) certain termination rights available to the parties under the Arrangement Agreement, (v) HEXO obtaining the necessary approvals from the TSX and the NYSE American for the listing of its common shares in connection with the Transaction (vi). Newstrike receiving approval for the delisting of its shares on the TSX-V and (vii) other closing conditions, including compliance by HEXO and Newstrike with various covenants contained in the Arrangement Agreement. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "estimates", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties.
Actual results could differ materially from those currently anticipated due to a number of factors and risks. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements contained in this news release are made as of the date of this release and, accordingly, are subject to change after such date.
Newstrike does not assume any obligation to update or revise any forward-looking statements, whether written or oral, that may be made from time to time by us or on our behalf, except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Newstrike Brands Ltd.
?
For further information: Newstrike Investor Relations, 1-877-541-9151, ir@newstrike.ca; Jay Wilgar, CEO, Newstrike Brands, (905) 844-8866
It's not a typo they've agreed to screw us so we have to VOTE NO on this one sided deal.
The original Bloomburg article gives the deal at $263 million. I calculate outstanding share count at 557 million. That's $0.47/ share. The printed share ratio of 0.06332 of a Hexo share for each share held must be a typo.
THIS WHOLE DEAL IS WRONG and $HIP will pay 7.5 million to back out. Absolutely crazy.
Who has gotten voting papers? Did they reneg on the hexo merger? or are they re-evaluAating the "incentive to the shareholders?" sarcasm
It's legit:) TSXV:HIP
It's legit:) TSXV:HIP
Fantastic!, thanks so much..
HIP$
A nice look at the business which looks legit to me. And I'm a fan of the Tragically Hip, so there's that.
Haven't got my voting paper yet has anybody?
Newstrike Brands Ltd. Announces Fourth Quarter and Year End 2018 Results
https://mailchi.mp/newstrike/october-17-303557?e=ed9d4faebc
Ty Dust, very nice news; also progress on a patent
https://twitter.com/search?f=tweets&vertical=news&q=%24HEXO&src=tyah
Up Cannabis Announces Supply Agreement with Cannabis NB
Up Cannabis Adds New Brunswick as Eighth Province for Distribution
TORONTO, March 25, 2019 /CNW/ - Newstrike Brands Ltd. (TSX-V:HIP) ("Newstrike" or the "Company"), is pleased to announce that Up Cannabis Inc. ("Up Cannabis"), its wholly-owned subsidiary, has entered into an agreement with Cannabis NB as a licensed producer to supply cannabis.
"We are very excited to announce this partnership with Cannabis NB," said Jay Wilgar, CEO of both Newstrike and Up Cannabis. "Being among the select group of licensed producers that will supply cannabis to the New Brunswickmarketplace is a privilege, and we look forward to helping Cannabis NB achieve its goals of providing safe, reliable product to adult-use consumers."
With this announcement, Up Cannabis becomes one of only eight Licensed Producers that currently supplies Cannabis NB.
New Brunswick also marks the eighth Canadian province with which Up Cannabis has announced distribution. The company has also announced an arrangement with the Manitoba Liquor and Lotteries Corporation as well as the Prince Edward Island Cannabis Management Corporation. The Company has also formalized agreements with the Nova Scotia Liquor Corporation, the Ontario Cannabis Store and the Alberta Gaming, Liquor & Cannabis Commission. The Company has a signed Memorandum of Understanding with the British Columbia Liquor Distribution as well as having been approved as a supplier to the Saskatchewan Liquor & Gaming Authority.
With agreements in place with eight provincial distributors, Up Cannabis continues to operate within an elite group of Licensed Producers. Health Canada has issued licenses to more than 100 entities under the Cannabis Act, and Up Cannabis is one of only nine with provincial agreements in at least eight provinces.
Lol, hi Dust. When the news surprised everyone HEXO buying HIP I bought HIP at .47/.48.
At what price point would you feel compensated or premium to HIP that would feel acknowledges it's inherent worth?.
I know, no one is a guru here that can truly reconcile this new and fast moving sector of the economy so let's leave analysis like the headwinds HIP may have been experiencing - the draft created by larger firms moving faster higher stronger aside for now ;).
So, 20% to date. Looking at the one year chart of HIP it seems to be lifted out of a triple bottom (coincidentally at the point when HEXO saved it's sorry azz ;). I'm not one for predictions but in several days HEXO will be at $12 Cdn and about $30 inside two years - is your price point somewhere within these projections?.
Regardless, best of luck fellow sh ;).
I will be voting hell no!
I didn't come to settle
To be a man on the moon
To get my little slice of heaven
Yeah
Don't you wanna see how it ends?
When the door is just starting to open?
Don't you wanna see how it ends?
$HIP'$ bout to make a big move ;)
$HIP$
Weeeeeeeee!
this is garbage... manipulating the stock pretty well. huge constant wall at .51
VIDEO: Newstrike Brands Ltd CEO on HEXO Corp Takeoverhttps://t.co/ylf75zNZZV
— Newstrike Brands Ltd. (@newstrikeltd) March 14, 2019
Ok I have 1235 shares mine convert to 78 shares x hexo price 6.14=478 if I cashed out now if have just about the same amount
yes and they know it that is why the ask has a huge wall
Oh yeah hell that is not a good deal!
Thats only .06 of a share, not .60 is the way i read it.
Loss and change are hard
But this will not be
A long drawn out
Mournful ffest
Close the door .. edit..
https://tenor.com/view/neverending-story-you-have-to-try-you-have-to-care-swamp-of-sadness-atreyu-gif-12462798
;)
HEXO$/HIP$
Just about a months' worth of volume today, new money with an eye to the future installing themselves.
Very exciting,
HIP$
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147521831
yup horrible deal.....
Damn retail shareholders screwed again. Horrible deal
HEXO to Acquire Newstrike Brands for $263 Million, Deal will Include Branding Relationship with The Tragically Hip
View here
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