#Cannabis Stock News: Newstrike (TSX V: $HIP.V) Subsidiary UP Cannabis Acquires Facility Capable of Adding 12,000kg of Annual Production Capacity

Acquisition of greenhouse and lands increases potential annual capacity five-fold and provides further expansion opportunities

TORONTO, ONTARIO - July 13, 2017 (Investorideas.com Newswire) Newstrike Resources Ltd. (TSX VENTURE:HIP) ("Newstrike" or the "Company") announces that, its wholly-owned subsidiary, Up Cannabis Inc. ("UP"), has agreed to acquire a modern greenhouse facility along with related equipment, chattels and approximately 16.6 acres of land located in Ontario's Niagara region (the "Acquisition") from Westbrook Greenhouses Ltd., for approximately $7.3 million.

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