Upper Street Marketing Announces Closing of Transaction in Dynamic Canadian Market
San Diego, CA, May 16, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- UPPR-OTC is pleased to announce the closing of its recently announced acquisition of twenty percent of Catch Capital Partners Inc. UPPR has issued five million shares to the Principals of Catch Capital Partners. Catch Capital Partners is a Canadian company actively advancing projects in the outdoor cannabis and hemp space.
Joseph Earle, CEO of UPPR, stated, "We are very pleased to complete this strategic investment. The Catch Capital Partners team is uniquely positioned to capitalize on the dramatic shortfall in supply of recreational cannabis in Canada. Further, they have an innovative plan to create cooperative pharmaceutical grade hemp production in the Canadian market. We believe last week's significant announcement regarding Canadian licensing will benefit Catch Capital, and UPPR shareholders."
Catch Capital CEO Jeff Wareham added, "Last week was a game changer for both cannabis and hemp in Canada and for Catch Capital Partners. This is a huge advantage for Catch Partners and likely will advance our plans quickly. The licensing process for these two critical high value crops has been hindered by an apparently huge volume of applications, where paperwork may be in order, but there exists little chance of raising the necessary capital to complete the projects. Health Canada has made what appears to be a wise decision, choosing to focus on real projects, not unfunded dreams. Further, we feel this will free up limited Health Canada resources to respond to the rapidly evolving global market for hemp and cannabis products. The US Farm Bill has fundamentally changed the hemp market, and Canadians need to catch up. Our new partnership with UPPR ensures we are well positioned to grow our business in this dynamic environment."
