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The Tragically Hip invests in licensed producer of medicinal marijuana

Kirk Smol by Kirk Smol
May 30, 2017
in News
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The Tragically Hip invests in licensed producer of medicinal marijuana

If you don’t think pot is mainstream, think again: The Tragically Hip has recently announced that it, too, has invested in a piece of the marijuana pie.

In a move that will make its band members investors and active stakeholders in the company, the Hip has partnered with Newstrike Resources Ltd., a Brantford, Ontario-based licensed producer.

As of June 1, the company will trade publicly on the TSX-V under the symbol ‘HIP’.

A press release from the company called the band members ‘significant’ investors.

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‘…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,’ reads a statement from the band.

‘Medicinal cannabis is legal in Canada, and it already greatly benefits the health and well being of many of our fellow Canadians.’ It goes on to laud the federal government and it’s plans for the legalization of recreational cannabis, before praising Newstrike for hiring ‘preeminent scientists and growers’.

Newstrike is one of 45 licensed producers in Canada, and one of 26 in Ontario.

Kirk Smol

Kirk Smol

Kirk's journey through the digital realm began with lines of code and algorithms dancing in his dreams. Armed with a keyboard and an insatiable curiosity, he embarked on the path of software engineering. However, fate had a smoky twist in store for him. As the ones and zeros swirled around him, Kirk had an epiphany – he realized that he was more interested in the highs and lows of the cannabis industry than debugging lines of code. With a leap of faith that would make a bungee jumper blush, he bid farewell to the world of semicolons and database queries and embraced the intoxicating allure of cannabis journalism. Now, Kirk finds himself navigating a different kind of network, one that's all about buds, trichomes, and terpenes. Armed with a pen that's mightier than a vaporizer and a keen eye for detail, he's on a mission to unravel the mysteries of the green world.

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