TORONTO, Dec. 20, 2018 /CNW/ - Newstrike Brands Ltd.
(TSX-V:HIP) ("Newstrike" or the "Company") announces
that it has changed its auditors from Dale Matheson Carr-Hilton
Labonte LLP ("Former Auditor") to KPMG LLP ("Successor
Auditor") effective December 20,
2018. At the request of the Company, the Former Auditor
resigned as the auditor of the Company effective December 19, 2018 and the board of directors of
the Company appointed the Successor Auditor as the Company's
auditor effective December 20, 2018,
until the next Annual General Meeting of the Company.
"We would like to thank Dale Matheson Carr-Hilton Labonte LLP
for their expertise and guidance and we are pleased to announce
that KPMG LLP will be an important part of the Newstrike story in
the next stage of our growth," said Jay
Wilgar, Chairman and Chief Executive Officer of
Newstrike.
There were no reservations in the Former Auditor's audit reports
for the period commencing at the beginning of Newstrike's two most
recent financial years and ending at the date of the resignation of
the Former Auditor. There are no "reportable events" (as the term
is defined in National Instrument 51-102 – Continuous Disclosure
Obligations ("NI 51-102")) between the Company and the
Former Auditor.
In accordance with NI 51-102, the notice of change of auditor,
together with the required letters from the Former Auditor and the
Successor Auditor, have been reviewed by the board of directors of
the Company and filed on SEDAR.
About Newstrike and Up Cannabis
Newstrike is the parent company of Up Cannabis, a licensed
producer of cannabis that is licensed to both cultivate and sell
cannabis in all acceptable forms. Newstrike, through Up Cannabis
and together with select strategic partners, including Canada's iconic musicians The Tragically Hip,
is developing a diverse network of high quality cannabis brands.
For more information, visit http://www.up.ca or
http://www.newstrike.ca.
Forward-Looking Information
This news release contains forward-looking statements.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of Newstrike to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statements. Often, but not always,
forward-looking statements can be identified by the use of words
such as "plans", "expects" or "does not expect", "is expected",
"estimates", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might"
or "will" be taken, occur or be achieved. Accordingly, readers
should not place undue reliance on the forward-looking statements
and information contained in this press release. Since
forward-looking statements and information address future events
and conditions, by their very nature they involve inherent risks
and uncertainties.
Actual results could differ materially from those currently
anticipated due to a number of factors and risks. Readers are
cautioned that the foregoing list of factors is not exhaustive. The
forward-looking statements contained in this news release are made
as of the date of this release and, accordingly, are subject to
change after such date.
Newstrike does not assume any obligation to update or revise any
forward-looking statements, whether written or oral, that may be
made from time to time by us or on our behalf, except as required
by applicable law.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Newstrike Brands Ltd.