About Newstrike
Newstrike is a company based in Toronto (Canada) founded in 2004, and was acquired by HEXO in March 2019. Cannabis is cultivated and sold by Newstrike across Canada. Newstrike offers products and services including Media Relations and Events and Online Engagement. Its legal entity is mPRessions Public Relations, LLC.
Company details
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.
- Headquarters Toronto, Canada
- Stage Acquired
- Email••••••••
- Phone•••• ••••
- Website newstrike.ca
- Social LinkedIn X Facebook
- Acquired by HEXO (Mar 2019)
- Legal Name Mpressions Public Relations, Llc
Products & Services of Newstrike
Newstrike offers a comprehensive portfolio of products and services, including Media Relations and Events and Online Engagement.
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 Rounds 2
- Last Round Post-IPO — $51.75M
- First Round $92M
(Feb 2018)
All 2 funding rounds of Newstrike with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2018 | $51.75M | Post-IPO | – | – | – |
| Feb 2018 | $92M | Post-IPO | – | – | – |
1 investors in total: 1 institutional.
Investors in Newstrike
Newstrike has secured backing from 1 investor. Prominent investors backing the company include HEXO.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Cannabis-based products are manufactured by HEXO in Canada. | 2013 | hexocorp.com | Gatineau, Canada |
Investor details for Newstrike
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Newstrike
5 dated milestones of Newstrike across 15 years, from founding to its latest funding, stage changes and deals.
- Founded Newstrike is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $92.0M.
- Funding Latest funding round, Post-IPO, of $51.8M.
- Exit Acquired by HEXO.
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Frequently Asked Questions about Newstrike
Newstrike was founded in 2004 and raised its 1st funding round 14 years after it was founded.
Newstrike is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
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.
Newstrike offers Media Relations and Events and Online Engagement.
Newstrike has 1 investor. Key investors include HEXO.
Newstrike operates through Mpressions Public Relations, Llc.
Yes. Newstrike was acquired by HEXO in March 2019.