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Newstrike Brands Ltd NWKRF

Healthcare Biotechnology Cannabis
"Newstrike Brands Ltd is a licensed producer and cultivator of medical cannabis based in Brantford, Ontario. The company cultivates and sells both forms including dried and fresh marihuana."


OTCPK:NWKRF - Post by User

Newstrike Brands Ltd
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Post by samforhipon Sep 24, 2018 8:48am
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Post# 28675980

News

News

Newstrike Brands Ltd. (TSX-V:HIP) ("Newstrike"), is pleased to announce its wholly-owned subsidiary Up Cannabis Inc. ("Up Cannabis"), has entered into a supply agreement with MediPharm Labs Inc. ("MediPharm Labs"), pursuant to which Up Cannabis will supply MediPharm Labs with a total of up to 1,200 kg of excess cannabis product in the form of flower and shake that will be used for the purposes of extraction and the creation of cannabis oil and/or distillate.

"We are very pleased to partner with MediPharm Labs, a leader in cannabis extraction technologies, for this arrangement," said Jay Wilgar, CEO of Newstrike and Up Cannabis. "This allows us to optimize revenue from our harvests and our agreement gives Up Cannabis the right of first refusal in the purchase of the extracted oil or distillate, supporting our new product strategy as the adult-use market for these products becomes legalized."

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