Newstrike Brands Ltd NWKRF

RE:Up Cannabis to Supply PEI Cannabis Management Corporation

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News!

December 12, 2018

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Up Cannabis to Supply PEI Cannabis Management Corporation

TORONTO, ONTARIO – December 12, 2018 – 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 received initial purchase orders from PEI Cannabis Management Corporation (PEICMC) for adult-use cannabis products.

“We are increasing the availability of Up Cannabis products from coast to coast,” said Jay Wilgar, CEO of both Newstrike and Up Cannabis. “We are thrilled to announce this agreement with PEI Cannabis and look forward to building a long-term partnership by providing high quality, safe and reliable products to their adult-use consumers.”

Prince Edward Island becomes the sixth Canadian province with which Up Cannabis has announced agreements. Up Cannabis has also formalized supply agreements with the Nova Scotia Liquor Corporation (NSLC), Ontario Cannabis Store (OCS) and the Alberta Gaming, Liquor & Cannabis Commission (AGLC). The company also has a signed Memorandum of Understanding with the British Columbia Liquor Distribution (BCLDB) as well as having been cleared as a supplier to the Saskatchewan Liquor & Gaming Authority (SLGA). 

With agreements in place with six provincial distributors, Up Cannabis continues to operate in an elite group of Licensed Producers. Health Canada has issued licenses to more than 100 entities under the Cannabis Act, and Up Cannabis is one of only eight with provincial agreements in at least six provinces. 

For further information, please contact:
Newstrike Investor Relations
1-877-541-9151
[e-mail]

Jay Wilgar
CEO, Newstrike Brands
[phone]