The Tragically Hip, a Canadian rock band from Kingston, Ontario, are significantly investing into marijuana. It seems the band are now “significant investors” in a company that is soon set to go public called Newstrike Resources Ltd. through controlled companies.

A news released from the company read, “After much discussion and assessment on our part, we’ve decided that this company – and the many creative people in it – are a perfect fit for The Hip.”

Newstrike is one of 45 licensed medical pot growers under Health Canada, according to the release. It’s set to go public on Thursday and will trade under the symbol HIP on the TSX.

Company CEO Jay Wilgar remarked he was “proud, humbled and honoured” by the band investing.

The band has been known to advocate medical marijuana and has said that legalizing it recreation-ally uses a “common-sense-policy” and “a change for the best.”

“The harm wrought by the prohibition of marijuana has been thoroughly researched and documented.”

“The members of The Tragically Hip are known to a generation of Canadians as artists that have never (wavered) in their commitment to quality and integrity,” said Wilgar. “As investors, they will apply those same principles to Newstrike.”

“No one knows Canada and Canadians like the members of The Tragically Hip.”

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