Newstrike’s Up Cannabis Inc. receives Health Canada approval for amendment to its producer’s license for sales
TORONTO - Newstrike Resources Ltd. Is securing its spot in the cannabis arena.
Newstrike announced in a press release that Health Canada has approved the application by Newstrike’s wholly-owned subsidiary, Up Cannabis Inc. to amend its license, allowing the company to sell cannabis in dried marijuana form, in accordance with Access to Cannabis for Medical Purposes Regulations.
This is a major milestone on the path to supplying adult-use cannabis market.
“We are delighted to have achieved this major strategic milestone in our growth strategy,” said Jay Wilgar, CEO of Newstrike and Up Cannabis.
“We already have a significant inventory in place, a supply agreement with CanniMed, and a unique marketing strategy being developed with our creative partners, The Tragically Hip. Up Cannabis is extremely well-positioned to succeed and very excited to launch when the adult-use market opens in the coming months.”