Newstrike Appoints Sean Byrne as Chief Financial Officer

TORONTO, Nov. 13, 2018 /CNW/ - Newstrike Brands Ltd. (TSX-V:HIP) ("Newstrike" or the "Company") today announced the appointment of Sean Byrne as Chief Financial Officer, effective immediately.

"Sean brings a wealth of strategic industry, regulatory and public company experience from the consumer-packaged goods, agricultural products, and beverage alcohol industries that we believe can help accelerate our progression as a brand-focused licensed producer in a highly regulated market," said Jay Wilgar, CEO of Newstrike. "His proven track record in senior financial roles at publicly-traded companies will complement our management team as we take Newstrike into the next phase of growth." 

"We have all the ingredients to succeed with a compelling brand in Up Cannabis, supply agreements in five provinces and a best-in-class cultivation operation. I'm excited to join the team and look forward to executing our strategy," added Sean Byrne.

Mr. Byrne's career spans over 25 years in senior financial management roles. Most recently, Mr. Byrne was CFO at TSX listed Brick Brewing Limited Co., the largest Canadian-owned brewer in Ontario. He has also held senior finance positions at several NASDAQ and NYSE listed companies including RR Donnelly Canada, Thermo Fisher Scientific, The Scotts Company and Monsanto Corp Inc. Mr. Byrne holds a Master of Business Administration from Heriot Watt University, Edinburgh Business School and is a CPA, CMA.

Mr. Byrne succeeds Jason Redman who will be stepping down from the position. Added Mr. Wilgar: "On behalf of Newstrike and the Board of Directors, I want to thank Jason for his contributions in maturing the business and taking the company through the opening of the legal cannabis market."

About Newstrike and Up Cannabis

Newstrike is the parent company of Up Cannabis, a licensed producer of cannabis that is licensed 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.

Investor Relations: Telephone: [phone], Email: [email protected]; Jay Wilgar, Chief Executive Officer, [phone]