Canada’s Provinces Lining Up To Sell Pot

CANADA: Following its announcement that the Province of Ontario is planning to add 150 new governments, the Province of New Brunswick has announced a multi-million dollar deal with cannabis producers.

The easterly Province of New Brunswick has announced that it has developed a new Crown corporation for the supervision of cannabis sales for the government’s anticipated legalization of recreational cannabis July 2018.

As with the announcement from Ontario’s government earlier, producers and all cannabis companies see this move as further demand for requirements to produce, test and deliver cannabis products both medicinal and recreational.

Positive reaction by investors helped companies whose positions will be impacted by additional, new distribution and support services.

The Tragically Hip Partner With Newstrike On Medical Marijuana

CANADA: Newstrike Resources Ltd. has confirmed that one of Canada’s most iconic group of musical artists, The Tragically Hip, are the investors and partners identified indistinctly as the “band” in the Company’s Filing Statement dated May 18, 2017, filed as part of the recently completed business combination with HPI Holdings Ltd. Newstrike’s common shares are expected to commence trading on a post-closing basis on the TSX Venture Exchange at the open of markets on Thursday, June 1, 2017, under the new ticker symbol “HIP“.

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“Newstrike is uniquely positioned at a time of unprecedented opportunity for companies in the emerging cannabis market: the dawn of a completely new consumer category. The members of The Tragically Hip are known to a generation of Canadians for their unwavering commitment to quality and integrity and, as investors and partners, we look forward to drawing on their artistic sensibilities and complementary business acumen to help Newstrike develop brands, within the government’s evolving regulatory framework, that reflect these same values,” said Newstrike’s CEO, Jay Wilgar. “I am proud, humbled and honoured that they chose to partner with us and invest in our team.”