The Tragically Hip lead guitarist Rob Baker said today, in a Newstrike release, the band supports marijuana legalization and CanniMed’s deal to buy Newstrike.
The Tragically Hip are both shareholders and creative partners in Newstrike and say they hope to continue participating in making both marketing and brand decisions for company.
Newstrike is a publicly traded company (TSX:V-HIP) that owns Bradford, Ontario-based Up Cannabis, which received its cultivation license on December 19, 2016.
“For decades, we have known that the legalization of cannabis was both inevitable and desirable. The slow but steady movement toward the acceptance of, first medical cannabis and now the recreational use of cannabis by adults, reveals a strong social inclination for caution, compassion and a reliance on fact based decision making. Now the time is upon us.”
Saskatoon-based licensed cannabis producer, CanniMed Therapeutics, made the decision to acquire 65 per cent of Newstrike in November.
“When we first heard of the proposal to merge with CanniMed we were cautiously optimistic about the prospect and mutual benefits but, after meeting and chatting with Brent Zettl a few times, we knew that this was a really solid move for Newstrike and for both companies.”
“We, The Tragically Hip, fully support the combining of CanniMed and Newstrike. CanniMed brings an unparalleled expertise in the medicinal field and Newstrike/Up Cannabis brings creative fire in marketing and branding, new production capacity and a deep understanding of the opportunities and responsibilities required for success in the recreational market. Now, with Up Cannabis having received its license amendment to begin sales, the path to success is even more defined as the adult-use cannabis market comes into focus and Up Cannabis realizes its business plan.”
By Marijuana.Ca Staff