TORONTO, ONTARIO--(Marketwired - Nov. 27, 2017) - Newstrike Resources Ltd. (TSX VENTURE:HIP) ("Newstrike" or the "Company"), together with its wholly-owned subsidiary, Up Cannabis Inc. ("Up Cannabis"), a licensed producer of cannabis under the Access to Cannabis for Medical Purposes Regulations, is issuing the following statement to provide additional details regarding its pending acquisition (the "Transaction") by CanniMed Therapeutics Inc. (TSX:CMED) ("CanniMed"), announced on November 17, 2017. As previously announced, each Newstrike shareholder will receive 33 CanniMed shares for every 1,000 Newstrike shares held.