Newstrike

Toronto, Canada Founded: 2004 • Age: 22 yrs Acquired By HEXO
Cannabis is cultivated and sold by Newstrike across Canada.
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About Newstrike

Newstrike is a company based in Toronto (Canada) founded in 2004 was acquired by HEXO in March 2019.. Newstrike offers products and services including Media Relations and Events and Online Engagement.

  • Headquarter Toronto, Canada
  • Stage Public
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Mpressions Public Relations, Llc
Operational Areas
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Latest Funding Round
    $51.75 M (USD), Post-IPO

    Jun 19, 2018

  • Investors
  • Employee Count
    Employee Count
  • Acquired by
    HEXO

    (Mar 13, 2019)

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Products & Services of Newstrike

Newstrike offers a comprehensive portfolio of products and services, including Media Relations and Events and Online Engagement. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.

Primary

Media relations services are provided to promote brands and facilitate conversations through strategic engagements.

Events and online engagement services are offered to enhance brand visibility and encourage public interaction.

Funding Insights of Newstrike

  • Total Funding
  • Total Rounds 2
  • Last Round Post-IPO — $51.8M
  • First Round

    (16 Feb 2018)

  • Investors Count
Date Amount Transaction Name Valuation Lead Investors Investors
Jun, 2018 Amount Post-IPO - Newstrike Valuation

investors

Feb, 2018 Amount Post-IPO - Newstrike Valuation

investors

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Newstrike

Newstrike has secured backing from 1 investor. Prominent investors backing the company include HEXO. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Investor Description Founded Year Domain Location
Cannabis-based products are manufactured by HEXO in Canada.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Newstrike

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Newstrike

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Newstrike Comparisons

Employees
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Competitors of Newstrike

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Newstrike

Frequently Asked Questions about Newstrike

When was Newstrike founded?

Newstrike was founded in 2004 and raised its 1st funding round 14 years after it was founded.

Where is Newstrike located?

Newstrike is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.

What does Newstrike do?

Newstrike was established in 2004 in Toronto, Canada, within the cannabis production sector. Ownership of Up Cannabis Inc. is held, with licensing granted for cultivation and sales of dried and fresh marijuana forms. Facilities are operated in Brantford and Niagara, Ontario, where an annual production capacity of 12,500 kg is maintained to serve Canadian markets.

What products or services does Newstrike offer?

Newstrike offers Media Relations and Events and Online Engagement.

Who are Newstrike's investors?

Newstrike has 1 investor. Key investors include HEXO.

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