Newstrike's Up Cannabis Inc. Receives Licence from Health Canada to Commence Sales of Product Cultivated at its Niagara Facility
TORONTO, Nov. 12, 2018 /CNW/ - Newstrike Brands Ltd. (TSX-V:HIP) ("Newstrike" or the "Company"), is pleased to announce that its wholly-owned subsidiary Up Cannabis Inc. ("Up Cannabis"), has had its licences issued under the Access to Cannabis for Medical Purposes Regulations (ACMPR) successfully migrated to licences under the Cannabis Act and its regulations for both its Brantford and Niagara Facilities. This migrated licence issued for the Niagara greenhouse adds the ability to sell cannabis in all acceptable forms produced within the facility.
"The migrated licences from Health Canada allow us to bring to market cannabis products cultivated at our flagship Niagara Facility," said Jay Wilgar, CEO of Newstrike and Up Cannabis. "As we complete the 240,000 square foot retrofit of the Niagara Facility later this year and expand to 455,000 square feet in 2019, we are in a great position to support our provincial partners, meet increasing demand from consumers and expand the Up Cannabis brand."
Up Cannabis products are currently available through licenced provincial retail channels throughout Canada. For more information on where to find Up Cannabis products, please refer to https://up.ca/pages/where-to-buy.
About Newstrike and Up Cannabis
Newstrike is the parent company of Up Cannabis Inc., 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 related to construction, production output or sales. 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.
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SOURCE Newstrike Brands Ltd.
Newstrike Investor Relations: 1-877-541-9151, [email protected]; Jason Redman, Chief Financial Officer, (905) 844-8866
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