Newstrike Brands Ltd (fka HIP)

[Dust2332]

Up Cannabis and Green Tank Technologies Partner on Vaporization Hardware

Collaboration Opens the Door to Innovative Private Label Offerings upon Legalization

TORONTO, Sept. 26, 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 partnered with Green Tank Technologies as a supplier for vaporization hardware and technology.

The partnership teams Up Cannabis with an innovative and cutting-edge vaporization hardware provider, paving the way for Up Cannabis' private label vape pen consumer offerings upon their expected legalization in 2019.

"We believe in the synergy that will be created by pairing the strength of the Up Cannabis brand with Green Tank as a proven hardware and technology partner," said Jay Wilgar, CEO of both Newstrike and Up Cannabis. "Our cannabis oils coupled with their innovative hardware will mean the best of both worlds for adult-use consumers upon the legalization of vaporizers. We're excited at the possibilities and are focused on developing a consumer product offering that will lead the segment, furthering our strategic plan to create a premier adult-use cannabis brand."

Up Cannabis and Green Tank will also look to begin collaboration on the research and development of innovative new vaporization products. According to BDS Analytics, in recently legalized adult-use markets like California, vapes accounted for approximately 25 per cent of cannabis product sales for the first six months of 2018.1

We're thrilled to be partnered with Up Cannabis to create the highest quality vape experience for their consumers," said Corey Koffler, COO of Green Tank Technologies. "As vaporizer experts, our mission is to craft premium hardware that powers the brands of our customers by being specifically engineered to the profiles of their extracts. Up Cannabis and Green Tank have a shared vision for the vape consumer offering, which made the decision for the companies to partner very easy."

 

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https://bdsanalytics.com/colorado-vs-california-the-tale-of-the-tape/

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

About Green Tank Technologies

Green Tank Technologies designs, develops and manufactures innovative, high-performance vaporization hardware exclusive to the cannabis industry. The company is committed to providing licensed producers and extractors with state-of-the-art vaporization technology, engineered specifically for each brand's extract formulations.