Newstrike and Neal Brothers Complete Agreement to Create Co-branded Specialty Food Products Company

Published: December 11, 2018

Newstrike and Neal Brothers Complete Agreement to Create Co-branded Specialty Food Products Company

Newstrike Brands Ltd. announce that it has completed its previously-announced transaction with Peter Neal and Chris Neal and their company, Neal Brothers Inc. to create a co-branded specialty food products company to develop, market and sell cannabis edibles. Newstrike has also completed its transaction to acquire a minority interest in Neal Brothers, pursuant to a share purchase agreement.

“We’re excited to be putting our capabilities together to develop innovative products that enhance both our brands and build long-lasting value in the market,” said Jay Wilgar, CEO of Newstrike.

“Adult-use legalized cannabis is just getting started in Canada and we have an ideal partner in Newstrike to develop this opportunity together and unlock the potential for cannabis edibles,” said Peter Neal, President and Co-founder, Neal Brothers.

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