Newstrike Brands Ltd., is pleased to announce that its wholly-owned subsidiary, Up Cannabis Inc. ("Up Cannabis"), has received initial purchase orders from PEI Cannabis Management Corporation (PEICMC) for adult-use cannabis products.
Prince Edward Island becomes the sixth Canadian province with which Up Cannabis has announced agreements. Up Cannabis has also formalized supply agreements with the Nova Scotia Liquor Corporation (NSLC), Ontario Cannabis Store (OCS) and the Alberta Gaming, Liquor & Cannabis Commission (AGLC). The company also has a signed Memorandum of Understanding with the British Columbia Liquor Distribution (BCLDB) as well as having been cleared as a supplier to the Saskatchewan Liquor & Gaming Authority (SLGA).
With agreements in place with six provincial distributors, Up Cannabis continues to operate in an elite group of Licensed Producers. Health Canada has issued licenses to more than 100 entities under the Cannabis Act, and Up Cannabis is one of only eight with provincial agreements in at least six provinces.