Newstrike Brands (TSXV:HIP) announced its subsidiary Up Cannabis obtained its first purchase orders from the PEI Cannabis Management Corporation (PEICMC).
As quoted in the press release:
“We are increasing the availability of Up Cannabis products from coast to coast,” said Jay Wilgar, CEO of both Newstrike and Up Cannabis. “We are thrilled to announce this agreement with PEI Cannabis and look forward to building a long-term partnership by providing high quality, safe and reliable products to their adult-use consumers.”
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).