TORONTO, Sept. 14, 2018 /CNW/ - Newstrike Brands
Ltd. (TSX-V: HIP) ("Newstrike"), is pleased
to announce its wholly-owned subsidiary Up Cannabis Inc. ("Up
Cannabis"), has been issued an amended licence from Health Canada
to sell cannabis in dried marijuana form produced at its facility
in Brantford, ON, from its
facility in Niagara, ON, in accordance with Access to Cannabis
for Medical Purposes Regulations.
"This amended licence from Health Canada is an important step
that allows us to take the hand-crafted product from our Brantford
Facility and marry it with the innovative and automated packaging
solutions located at our flagship Niagara Facility," said
Jay Wilgar, CEO of Newstrike and Up
Cannabis. "As a result, we expect Up Cannabis branded product to be
available in at least five provinces, and we look forward to
achieving future milestones as we continue to execute against our
four strategic pillars: production, brand, distribution and
innovation."
Up Cannabis was earlier this week cleared as a supplier of
cannabis to Saskatchewan Retail and Wholesale Permit Holders once
registered on October 17, 2018. Up
Cannabis has also been selected to supply cannabis to the Nova
Scotia Liquor Corporation and has formalized supply agreements with
the Ontario Cannabis Store, and the Alberta Gaming, Liquor &
Cannabis Commission, in addition to having a signed Memorandum of
Understanding with the British Columbia Liquor Distribution.
About Newstrike and Up Cannabis
Newstrike is the parent company of Up Cannabis Inc., a licenced
producer of cannabis that is licenced to both cultivate and sell
cannabis in all acceptable forms. Newstrike, through Up Cannabis
and together with select strategic partners, including Canada's iconic musicians The Tragically Hip,
is developing a diverse network of high quality cannabis brands.
For more information, visit http://www.up.ca or
http://www.newstrike.ca
Forward-Looking Information
This news release contains forward-looking statements.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of Newstrike to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statements. Often, but not always,
forward-looking statements can be identified by the use of words
such as "plans", "expects" or "does not expect", "is expected",
"estimates", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might"
or "will" be taken, occur or be achieved. Accordingly, readers
should not place undue reliance on the forward-looking statements
and information contained in this press release. Since
forward-looking statements and information address future events
and conditions, by their very nature they involve inherent risks
and uncertainties. Actual results could differ materially from
those currently anticipated due to a number of factors and risks.
Readers are cautioned that the foregoing list of factors is not
exhaustive. The forward-looking statements contained in this news
release are made as of the date of this release and, accordingly,
are subject to change after such date. Newstrike does not assume
any obligation to update or revise any forward-looking statements,
whether written or oral, that may be made from time to time by us
or on our behalf, except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Newstrike Brands Ltd.