Mr. Jay Wilgar reports

UP CANNABIS SELECTED TO SUPPLY SASKATCHEWAN CANNABIS RETAILERS

Newstrike Brands Ltd.'s wholly owned subsidiary, Up Cannabis Inc., has been notified by the Saskatchewan Liquor & Gaming Authority (SLGA) that it has been cleared as a supplier of cannabis to Saskatchewan retail and wholesale permit holders once registered on Oct. 17, 2018.

"Up Cannabis is very pleased to be supplying the Saskatchewan market," said Jay Wilgar, chief executive officer of both Newstrike and Up Cannabis. "To be selected by the SLGA marks yet another major milestone and achievement in our strategy to make Up Cannabis a premier adult-use cannabis brand. We are proud and honoured to have a presence there upon the legalization of cannabis."

The SLGA has granted a total of 51 retail permits throughout Saskatchewan, which will also be able to independently offer on-line sales. Up Cannabis has been cleared to supply both retail and wholesale permit holders throughout the province.

Saskatchewan becomes the fifth Canadian province to which Up Cannabis will supply cannabis. Up Cannabis has also been selected to supply cannabis to the Nova Scotia Liquor Corp. and 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.

About Newstrike Brands Ltd.

Newstrike is the parent company of Up Cannabis, 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.

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