RE:RE:RE:RE:RE:CMED the hypocrite
Newstrike receives OK to boost Niagara production space
2018-01-09 07:34 ET - News Release
Mr. Jay Wilgar reports
UP CANNABIS RECEIVES APPROVAL TO DOUBLE PRODUCTION CAPACITY OF NIAGARA FACILITY
Newstrike Resources Ltd.'s wholly owned subsidiary and licensed producer, Up Cannabis Inc., has received site plan approval from the town of Lincoln, Ont., for its automated greenhouse facility in the Niagara region. This key approval permits Up Cannabis to double the footprint of the Niagara facility to approximately 320,000 square feet of dedicated cannabis production space, complemented by a further 80,000 square feet of cannabis processing space.
"This approval provides a clear path to double the capacity of this technologically advanced facility. It marks the achievement of yet another milestone in our focused strategy to develop cost-effective, production to support demand for our branded products," said Jay Wilgar, chief executive officer of Newstrike and Up Cannabis. "When this expansion is completed, our Niagara facility will be capable of producing approximately 24,500 kg per year of high-quality dried cannabis and provide ample space for manufacturing and packaging of related products to meet the evolving cannabis market."
A proven platform for cost-effective production
The Niagara facility is situated on 16.6 acres of land in the heart of the Niagara growing region. This current 160,000-square-foot modern greenhouse utilizes a Dutch-tray system and is undergoing the requisite upgrades to meet Health Canada's stringent security and related requirements for cannabis facilities of this size and scale. Up Cannabis acquired the Niagara facility in July, 2017, from Westbrook, a recognized innovator in commercial greenhouse design, with more than 50 years experience.
Up Cannabis has submitted an application to Health Canada to designate the Niagara facility as an adjunct facility to Up Cannabis's fully licensed primary facility in Brantford, Ont. The company expects to begin cultivation and production in the current 160,000-square-foot greenhouse facility in the second quarter of 2018 with the further expansion space coming on line in 2019.
"We are members of this community and look forward to enhancing our investment and presence in the Niagara region generally, and the town of Lincoln in particular," added Mr. Wilgar. "We look forward to providing specialized training to the skilled work force who have site-specific experience and delivering something truly exceptional in the near term and, with the implementation of our expansion plans and opportunities that will cultivate long-term growth for our community, our people and our shareholders."
About Newstrike Resources Ltd. and Up Cannabis
Newstrike is the parent company of Up Cannabis Inc., a licensed producer of cannabis that received its cultivation licence on Dec. 19, 2016, and was granted an amendment to begin sales on Jan. 5, 2018. Up Cannabis is in turn the parent company of Up Cannabis Niagara Inc. Newstrike, together with its strategic partners, including Canada's iconic musicians The Tragically Hip, is developing a diverse network of high-quality cannabis brands.
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