The Tragically Hip says it’s partnering with a medicinal marijuana producer to contribute “creatively to their efforts.”
The Canadian rock band says it’s teaming up with the company Newstrike, which it calls “a perfect fit” for the band.
In a statement on social media, the group calls the federal government’s marijuana legalization plans “common-sense-policy,” and says it likes Newstrike because “they’ve hired pre-eminent scientists and growers, developed large, well-structured sites and have the wherewithal and expertise to take this on.”
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“We are excited about our involvement with Newstrike and are looking forward to the prospect of contributing creatively to their efforts,” the band’s website says.
Newstrike is a small company and only one of 45 licensed medical marijuana growers under Health Canada, according to the press release.
LISTEN ABOVE: Newstrike CEO Jay Wilgar joins AM640 to talk about the upcoming partnership.
The company is set to go public on Thursday, and will trade under the symbol HIP on the TSX.
CEO Jay Wilgar said in the release he was “proud, humbled and honoured” by the Hip’s decision to invest.
“No one knows Canada and Canadians like the members of The Tragically Hip,” Scott Kelly, Newstrike resources executive chairman said.
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It didn’t take long for fans to start dreaming up names for a Hip-related marijuana product.
Some suggested “Tragically Hemp,” “Chronically Hip” or “Tragically High.”
Others used song titles as inspiration, suggesting Budcaygeon, Weed Kings and Twist My Joint.
— With files from the Associated Press