Blockquotes seem to incorrectly transform the insides into html

[mdayaram]

Given the following input markdown:

> Quote!
> - Quote speaker

The actual outputted kramed HTML is the following:

<blockquote>
  <p>Quote!</p>
  <ul>
   <li>Quote speaker</li>
  </ul>
</blockquote>

When Kramdown ends up outputting the following instead (what I would expect):

<blockquote>
  <p>Quote!<br>
  - Quote speaker</p>
</blockquote>

We've tried flipping the smartLists flag on and off without seeing any change in this behavior.