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Up Cannabis Announces Supply Agreement with Cannabis NB Up

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Dust2332   Monday, 03/25/19 10:17:25 AM
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Up Cannabis Announces Supply Agreement with Cannabis NB

Up Cannabis Adds New Brunswick as Eighth Province for Distribution

TORONTO, March 25, 2019 /CNW/ - Newstrike Brands Ltd. (TSX-V:HIP) ("Newstrike" or the "Company"), is pleased to announce that Up Cannabis Inc. ("Up Cannabis"), its wholly-owned subsidiary, has entered into an agreement with Cannabis NB as a licensed producer to supply cannabis. 

"We are very excited to announce this partnership with Cannabis NB," said Jay Wilgar, CEO of both Newstrike and Up Cannabis. "Being among the select group of licensed producers that will supply cannabis to the New Brunswickmarketplace is a privilege, and we look forward to helping Cannabis NB achieve its goals of providing safe, reliable product to adult-use consumers."

With this announcement, Up Cannabis becomes one of only eight Licensed Producers that currently supplies Cannabis NB.

New Brunswick also marks the eighth Canadian province with which Up Cannabis has announced distribution. The company has also announced an arrangement with the Manitoba Liquor and Lotteries Corporation as well as the Prince Edward Island Cannabis Management Corporation. The Company has also formalized agreements with the Nova Scotia Liquor Corporation, the Ontario Cannabis Store and the Alberta Gaming, Liquor & Cannabis Commission. The Company has a signed Memorandum of Understanding with the British Columbia Liquor Distribution as well as having been approved as a supplier to the Saskatchewan Liquor & Gaming Authority.

With agreements in place with eight provincial distributors, Up Cannabis continues to operate within an elite group of Licensed Producers. Health Canada has issued licenses to more than 100 entities under the Cannabis Act, and Up Cannabis is one of only nine with provincial agreements in at least eight provinces.

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