#Cannabis
Stock News: Newstrike (TSX VENTURE: $HIP.V) Subsidiary Up Cannabis Inc.
Receives Approval for Unrestricted Production Capacity and Production of
Cannabis Oils
Company
also receives renewal of production license to 2019
TORONTO, ON - July 17, 2017
(Investorideas.com Newswire) Newstrike Resources Ltd. (TSX VENTURE:HIP)
("Newstrike" or the "Company") is pleased to announce that
Health Canada has approved a number of requested amendments (the
"Amendments") to the terms of the production license held by its
wholly-owned subsidiary, Up Cannabis Inc. ("Up").
"This removal of production
restrictions is an important milestone that we plan to replicate as we
build-out our growing platform to accelerate our commercialization
strategy," said Jay Wilgar, CEO of Newstrike, Up's parent company.
"These amendments expedite the execution of our business plan to provide
the greatest range of benefits to the greatest number of authorized cannabis
users."
Read this news in
full at http://www.investorideas.com/news/2017/marijuana/07171HIP.asp
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