Newstrike Resources Ltd. has confirmed that one of Canada’s most iconic group of musical artists, The Tragically Hip, are the investors and partners identified indistinctly as the “band” in the Company’s Filing Statement dated May 18, 2017, filed as part of the recently completed business combination with HPI Holdings Ltd.
Newstrike’s common shares are expected to commence trading on a post-closing basis on the TSX Venture Exchange at the open of markets on Thursday, June 1, 2017, under the new ticker symbol “HIP”.
“Newstrike is uniquely positioned at a time of unprecedented opportunity for companies in the emerging cannabis market: the dawn of a completely new consumer category. The members of The Tragically Hip are known to a generation of Canadians for their unwavering commitment to quality and integrity and, as investors and partners, we look forward to drawing on their artistic sensibilities and complementary business acumen to help Newstrike develop brands, within the government’s evolving regulatory framework, that reflect these same values,” said Newstrike’s CEO, Jay Wilgar. “I am proud, humbled and honoured that they chose to partner with us and invest in our team.”
A letter from The Tragically Hip to its fans was published on the band’s official website:
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.
Related Story: Inside Canada’s Plan For Legal Recreational Marijuana
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.
More to come,
G + G + J + R + P