Before Gord Downie Died, The Hip Invested in a Startup Medical Marijuana Company

With marijuana on track to be legalized in Canada next year, many people are making hopeful investments in cannabis companies in anticipation of a whole new market.

After Gord Downie was diagnosed with glioblastoma, the Tragically Hip dropped some money into Newstrike, a medical marijuana company with a 14,000 square foot legal grow-op. The firm produces 3,000 kg of cannabis every year.

Gord’s oncologist was a big supporter of the idea, suggestion Gord regular consume cannabis as a way of mitigating the symptoms of his cancer. The Brain Tumour Foundation of Canada also approved.

Back in June, the band called the legalization of pot a “common sense policy.”

By the way, if you want to check on Newstrike’s stock, the ticker symbol is HIP. Seriously.

This was on their home page Wednesday night.

Alan Cross

is an internationally known broadcaster, interviewer, writer, consultant, blogger and speaker. In his 30+ years in the music business, Alan has interviewed the biggest names in rock, from David Bowie and U2 to Pearl Jam and the Foo Fighters. He’s also known as a musicologist and documentarian through programs like The Ongoing History of New Music.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.