#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."

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