Newstrike Brands Ltd NWKRF

Newstirke Recieves Amended Sales Licence From Health Canada!

[lntheblack]

Newstrike’s Up Cannabis Inc. Receives Sales Licence Amendment from Health Canada to Commence Sales of Brantford Cultivated Product From its Niagara Facility

TORONTO, ONTARIO – September 14, 2018 – Newstrike Brands Ltd. (TSX-V:HIP) ("Newstrike"), is pleased to announce its wholly-owned subsidiary Up Cannabis Inc. ("Up Cannabis"), has been issued an amended licence from Health Canada to sell cannabis in dried marijuana form produced at its facility in Brantford, ON, from its facility in Niagara, ON, in accordance with Access to Cannabis for Medical Purposes Regulations.

"This amended licence from Health Canada is an important step that allows us to take the hand-crafted product from our Brantford Facility and marry it with the innovative and automated packaging solutions located at our flagship Niagara Facility,” said Jay Wilgar, CEO of Newstrike and Up Cannabis. "As a result, we expect Up Cannabis branded product to be available in at least five provinces, and we look forward to achieving future milestones as we continue to execute against our four strategic pillars: production, brand, distribution and innovation."

Up Cannabis was earlier this week cleared as a supplier of cannabis to Saskatchewan Retail and Wholesale Permit Holders once registered on October 17, 2018. Up Cannabis has also been selected to supply cannabis to the Nova Scotia Liquor Corporation and has formalized supply agreements with the Ontario Cannabis Store, and the Alberta Gaming, Liquor & Cannabis Commission, in addition to having a signed Memorandum of Understanding with the British Columbia Liquor Distribution.

For further information, please contact:
Newstrike Investor Relations
1-877-541-9151
[e-mail]
Jason Redman
Chief Financial Officer
[phone]

[EdmundH]

That's a releif - they can sell all of that stockpiled product out of their main packaging and distrubution facility. One thing is for sure, this company will have plenty of UP Cannabis on the shelves on Oct 17th. 4 weeks is cutting it close, but they have executed!

[Ggeeman]

funny everything that came out the last 2 days was what truth complained hip was lacking... hahahhahahahah effin loser , paid basher for sure .

[predawn]

anyone know how many KG hip will have in total thats available come Oct 17 ???Thanks]]]]]]]]]]]]]]]]]]]

[battlemore21]

hey red dawn starting to sounds like C.Thomas Howell --129 ignores haven't we suffered enough lol

[predawn]

Hey there fu-k wad shi$t for brains I asked how much  dope HIP will have for sale not for some stupid remark from some useless A$$hole like yourself so please if you cant simply answer a question about HIP STFU  OK]]]]]

[battlemore21]

ok-anger issues as well--sorry if I offended you

[predawn]

Sorry to all normal reasonable people for my rant on last post Iam just trying to find out if anyone knows how much weed HIP will have ready to sell come D Day

[itsallgame]

I believe it is 3500kg from Niagara and, 5000.from Brantford. For October 17th that's is my guess from all the nr I have read

[endgamer]

PRODUCTION FACILITIES Newstrike owns licensed production facilities in both Brantford and Niagara Ontario. The primary facility, located in Brantford, Ontario, has an annual capacity of approximately 2,500 kg of cannabis. The automated 200,000 sq. ft. Niagara Facility, located in the town of Lincoln, is currently undergoing a two-phase retrofit with the construction of expanded growing and

[itsallgame]

The question predawn is asking how much will be ready by October 17th to smoke eat or whatever turns you on

[predawn]

Thanks so looks like around 12K ready for sale not bad at all ;; even at say 6.50 wholesale thats around 80 million dollars

[goldman777]

nice - 12,000 kg = 12,000,000 gr. x even 5 bucks = 60 million bucks, we have brand and we will sell every speck. HIP is indeed on the laubch pad as we are pretty much a household name now, and every household has at least one person who will indulge - just like every household has at least 1  can of WD-40 lurking in a closet or the garage - hell I have 3. So when you look at the Canadian

[predawn]

Actually after reading more they will have 15000KG available so thats about $98 million based on $6.50 which is a guess because I have no idea what dope sells for wholesale ]]]]]h

[Ggeeman]

probably a lot less imo. Also bnn said insider sources. What that means is anyones guess

[BUYING4ME]

As as long as they can grow 1000kg to meet their contractually obligations with the provinces that's all that matter. If they can grow 20,000kg they'd need to store 19,000kg somewhere