Newstrike Brands Ltd. (TSXV:HIP) Announced CAD 40 million bought deal public offering. Newstrike will use the proceeds of the offering for seeking acquisitions. Jay Wilgar, Chief Executive Officer of Newstrike Resources, said, “With the proceeds of this offering, Newstrike will have access to over CAD 115 million to deploy into our facility expansion, a variety of transformational branding and product development initiatives and potential new investment and acquisition opportunities, with the goal of building Canada's premier recreational cannabis company.”