TORONTO, Jan. 8, 2019 /CNW/ - 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 been accepted by the Manitoba
Liquor and Lotteries Corporation ("MBLL"), as an official supplier
of non-medical adult-use cannabis to the province's licensed
private sector retailers.
"We are very proud to say that, with this agreement in place, we
continue to build a best-in-class distribution network for Up
Cannabis products from coast to coast," said Jay Wilgar, CEO of both Newstrike and Up
Cannabis. "We are thrilled to announce this relationship with
Manitoba Liquor and Lotteries, and look forward to building a
long-term partnership by providing high quality, safe and reliable
products to adult-use consumers in Manitoba."
Manitoba is the seventh
Canadian province with which Up Cannabis has announced
distribution. The Company recently announced an agreement with the
Prince Edward Island Cannabis Management Corporation, and has also
formalized supply agreements with the Nova Scotia Liquor
Corporation, Ontario Cannabis Store and the Alberta Gaming, Liquor
& Cannabis Commission. The Company has a signed Memorandum of
Understanding with the British Columbia Liquor Distribution as well
as having been approved as a supplier to the Saskatchewan Liquor
& Gaming Authority.
With agreements in place with seven provincial distributors, Up
Cannabis operates within an elite group of Licensed
Producers. Health Canada has
issued licences to more than 100 entities under the Cannabis Act,
and Up Cannabis is one of only seven with provincial agreements in
at least seven provinces.
About Newstrike and Up Cannabis
Newstrike is the parent company of Up Cannabis Inc., a licensed
producer of cannabis that is licensed to both cultivate and sell
cannabis in all acceptable forms. Newstrike, through Up Cannabis
and together with select strategic partners, including Canada's iconic musicians The Tragically Hip,
is developing a diverse network of high quality cannabis brands.
For more information, visit http://www.up.ca or
http://www.newstrike.ca
Forward-Looking Information
This news release
contains forward-looking statements. Forward-looking statements
involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of
Newstrike to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking statements. These forward-looking statements
include, but are not limited to, statements relating to Newstrike's
expectations with respect to the supply, distribution and sales of
cannabis. Often, but not always, forward-looking statements can be
identified by the use of words such as "plans", "expects" or "does
not expect", "is expected", "estimates", "intends", "anticipates"
or "does not anticipate", or "believes", or variations of such
words and phrases or state that certain actions, events or results
"may", "could", "would", "might" or "will" be taken, occur or be
achieved. Accordingly, readers should not place undue reliance on
the forward-looking statements and information contained in this
press release. Since forward-looking statements and information
address future events and conditions, by their very nature they
involve inherent risks and uncertainties.
Actual results could differ materially from those currently
anticipated due to a number of factors and risks. Readers are
cautioned that the foregoing list of factors is not exhaustive. The
forward-looking statements contained in this news release are made
as of the date of this release and, accordingly, are subject to
change after such date.
Newstrike does not assume any obligation to update or revise any
forward-looking statements, whether written or oral, that may be
made from time to time by us or on our behalf, except as required
by applicable law.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE Up Cannabis