Newstrike Brands Ltd NWKRF

RE:Hip supply agreement

[BUYING4ME]

Any idea how much Alberta has committed to?  There's nothing in here regarding volume (grams, KG etc...) or cash in return etc..

Thank you

marketMaker123 wrote:
Up Cannabis Announces Definitive Supply Agreement with Alberta Gaming, Liquor & Cannabis Commission (AGLC) TORONTO, July 05, 2018 (GLOBE NEWSWIRE) -- 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 entered into a definitive Supply Agreement with the Alberta Gaming, Liquor & Cannabis Commission (AGLC) that will see a variety of Up Cannabis product sold via AGLC-approved strategic retail partners and locations, and through the AGLC at www.albertacannabis.org. This deal is another significant achievement for Newstrike and a critical step in our strategy to position Up Cannabis as a premier adult-use brand, said Jay Wilgar, CEO of Newstrike and Up Cannabis. With the AGLC overseeing distribution to the anticipated 250 private brick and mortar retail stores expected to open within the first year of legalization and the AGLC online store, this partnership represents a significant opportunity to develop our presence in Western Canada, ultimately driving sales and revenue. Canadian provinces and territories will determine both how and where cannabis will be sold, with the majority distributing cannabis exclusively through provincially owned and operated corporations. As such, supply agreements with the provincial boards are integral to Newstrikes business strategy. Albertas adult-use cannabis market is estimated to be worth as much as $1 billion annually1. The supply agreement is conditional upon the federal and provincial governments adopting the necessary regulatory framework. For further information or to request an interview, please contact: PM Rendon Director, Communications & Public Relations Up Cannabis Inc. 365-773-5432 [e-mail]