Newstrike shareholders overwhelmingly support CanniMed takeover deal

TORONTO — Shareholders of Newstrike Resources Ltd. voted overwhelmingly in favour of an acquisition by licensed cannabis producer CanniMed Therapeutics Inc. at a special meeting Wednesday.
Approximately 99.4 per cent of the votes, representing more than 271.8 million outstanding common shares, were cast in support of a plan that would see Newstrike shareholders receive 33 CanniMed shares for each 1,000 shares of Newstrike.
The Tragically Hip, a major shareholder in Newstrike, last week thr