Mr. Jay Wilgar reports

NEWSTRIKE'S UP CANNABIS INC. RECEIVES SALES LICENCE AMENDMENT FROM HEALTH CANADA TO COMMENCE SALES OF BRANTFORD CULTIVATED PRODUCT FROM ITS NIAGARA FACILITY

Newstrike Brands Ltd.'s wholly owned subsidiary Up Cannabis Inc. has been issued an amended licence from Health Canada to sell cannabis in dried marijuana form produced at its facility in Brantford, Ont., from its facility in Niagara, Ont., 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 handcrafted product from our Brantford facility and marry it with the innovative and automated packaging solutions located at our flagship Niagara facility," said Jay Wilgar, chief executive officer 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 Oct. 17, 2018. Up Cannabis has also been selected to supply cannabis to the Nova Scotia Liquor Corp. 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 B.C. Liquor Distribution.

About Newstrike Brands Ltd.

Newstrike is the parent company of Up Cannabis, a licenced producer of cannabis that is licenced 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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