As quoted in the article:
The band members, through controlled companies, are significant investors in Newstrike and active stakeholders in the evolution of the company.
The future is looking up….
Statement from The Tragically Hip:
We are happy to announce that we have become partners with one of Canada’s newest, soon to be public, licensed producers of medicinal marijuana. The company is called Newstrike and, after much discussion and assessment on our part, we’ve decided that this company- and the many creative people in it- are a perfect fit for The Hip.
Medicinal cannabis is legal in Canada, and it already greatly benefits the health and well being of many of our fellow Canadians.
There is a commitment from the Federal Government to legalize recreational use in just over a year, and with good reason. The harm wrought by the prohibition of marijuana has been thoroughly researched and documented.
This is a common-sense-policy and, in our opinion, is a change for the best.
Newstrike has done its due diligence with respect to all aspects of this business. They’ve hired pre-eminent scientists and growers, developed large, well-structured sites and have the wherewithal and expertise to take this on.
We are excited about our involvement with Newstrike and are looking forward to the prospect of contributing creatively to their efforts.
Statement from Newstrike:
“The members of The Tragically Hip are known to a generation of Canadians as artists that have never waivered in their commitment to quality and integrity. As investors, they will apply those same principles to Newstrike. I am proud, humbled and honoured that they chose to partner with and invest in us.” Said CEO Jay Wilgar.
As one of just 45 licensed producers of medical cannabis from Health Canada, Newstrike is uniquely positioned at a time of unprecedented opportunity: Opportunity that will be enhanced by harnessing the artistic and business acumen of the band members in brand development within the government’s evolving regulatory framework.
“With prohibition ending after 93 years we believe that Canadian adult consumers will look toward brands that speak to quality, best in class production and trust. No one knows Canada and Canadians like the members of The Tragically Hip. With their involvement and support Newstrike firmly believes we are developing the brand that adult consumers who choose to use cannabis will turn to.” said Executive Chairman, Scott Kelly.
American cannabis sales hit US$17.5 billion in 2020, a research group’s new study shows.
Meanwhile, a Canadian cannabis producer began offering CBD beverages in the US, another move that shows how interested Canadians are in the overall US cannabis market at the moment.
Some pretty important news out of health and wellness; beverage and natural products company BevCanna Enterprises Inc. (CSE:BEV, Q:BVNNF, FSE:7BC) this week. For those of you following the Company with us, stay tuned.
As investors continue to prioritize cannabis opportunities in the US, market watchers expect mergers and acquisitions (M&A) to play a role in the future for Canadian companies.
A consolidation trend has been expected in the Canadian cannabis space for some time now based on the size of the market compared to the number of operations in the country.
BioHarvest Sciences Inc. Unveils the Unique Polyphenolic Content of Its Upcoming Olive-Based Nutraceutical
The product will include polyphenols known to have significant health benefits.
BioHarvest Sciences Inc. (CSE: BHSC) (“BioHarvest” or the “Company”) has reached an important milestone in its development program of additional Nutraceuticals. The olive-based Nutraceutical product scheduled for market availability in the second half of 2022 will contain the following unique matrix of polyphenols: hydroxytyrosol, trosol, and verbascoside. These compounds are the major polyphenols in naturally grown olives and are responsible for the high antioxidant activity of olives and olive oil. Importantly, the BioHarvest olive-based Nutraceutical product will provide all the benefits of olives and olive oil with a low calorie count per serving.
Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or the “Company”), one of the largest vertically integrated multistate cannabis operators in the United States, announced today that it will report financial results for the fourth quarter and full year ended December 31 st , 2020 on Thursday March 25 th , 2021 before the market opens.
The Company will host a conference call and webcast to discuss its financial results and provide investors with key business highlights on Thursday March 25 th , 2021 at 8:30am Eastern Time (7:30am Central Time).