EDMONTON, Oct. 17, 2018 /CNW/ - Alcanna Inc. ("Alcanna" or
the "Company") (TSX: CLIQ) is pleased to announce that at
10 a.m. MT on October 17, 2018, it will be adding the NOVA
Cannabis brand to its stable of controlled-substance retail banners
with the opening of its first five stores in Alberta.
NOVA Cannabis' highly-trained Customer Experience
Representatives will begin engaging both new and experienced
customers with superior product knowledge and socially responsible
advice at 10 a.m. MT.
"Yesterday, and for decades before, criminals operating outside
the law controlled 100% of the recreational cannabis trade. Now,
civil society begins to take back that activity through laws,
regulations, quality controls and private enterprise that creates
jobs and pays taxes. Alcanna is delighted to be on the front lines
of that effort.
Alcanna opens the first 5 of its anticipated 37 Alberta retail
stores today. In setting its retail prices, Alcanna will be
cognizant of black-market pricing and will set our prices
accordingly within the limits of a legitimate business. But
notwithstanding financial considerations, Alcanna's NOVA Cannabis
retail stores will always have at least one product priced at our
"Black Market Buster" special. A one gram package of cannabis that
we will be selling at $6.95, a price
we believe to be equivalent to the black-market price. We will
rotate which product that is amongst all licensed producers. No one
should ever have to stay with the black market strictly because of
price.
Established and experienced retailers like Alcanna, with a
robust and healthy balance sheet, can do more than just open the
legal market for cannabis with welcoming retail stores and
well-trained staff. We can begin the process of hastening the end
of crime and criminal activity in the cannabis trade. Alcanna
intends to do both."
— James Burns, CEO of Alcanna
Inc.
The following NOVA Cannabis stores will be open from
10 a.m. to 10 p.m. starting on
October 17, 2018:
NOVA Cannabis at Willow Park
252-10816 Macleod Trail
SE, Calgary, AB T2J 5N8
NOVA Cannabis at Whyte Ave
8015 104 Street NW,
Edmonton, AB T6E 4E3
NOVA Cannabis at Namao
9611 167 Avenue NW, Edmonton, AB T5Z 3L1
NOVA Cannabis at Southpointe
101-9310 Southfort Drive,
Fort Saskatchewan, AB T8L 0C5
NOVA Cannabis at Grove Landing
12-17 Nelson Drive,
Spruce Grove, AB T7X 3X3
About Alcanna's NOVA Cannabis
Alcanna's NOVA Cannabis is a reimagined customer retail
experience with fully immersive, state-of-the-art stores that offer
an inviting and educational brand experience. NOVA intends to
develop a robust network of cannabis retail stores that comply with
all provincial and municipal requirements, making product, consumer
and public safety a top priority.
NOVA Cannabis is operated by Alcanna, Inc., who will leverage
its 25-year history of safely selling controlled substances in
retail settings to ensure public safety and strict compliance with
all relevant government regulations.
Additional information about NOVA Cannabis is available at
www.novacannabisstore.ca.
About Alcanna Inc.
Alcanna (formerly Liquor Stores North America) is one of the
largest private sector retailers of alcohol in North America and by far the largest in
Canada – owning and operating 228
locations in Alberta, British Columbia and Alaska. With revenues in excess of
$600 million per year, Alcanna safely
and responsibly processes over 20 million individual retail
transactions of beverage alcohol annually.
Alcanna's innovative Wine and Beyond brand brought an entirely
new concept to alcohol sales in Alberta in a large format experiential retail
environment with over 12,000 different products to choose from,
many sold only at Alcanna stores, at extremely competitive prices.
Our Liquor Depot brand is ubiquitous throughout Alberta and our new Deep Discount Liquor
banner has brought the lowest prices in the province to Albertans
in an attractive and consumer-friendly environment.
Alcanna's common shares and convertible subordinated debentures
trade on the Toronto Stock Exchange under the symbols "CLIQ" and
"CLIQ.DB", respectively.
Additional information about Alcanna Inc. is available at
www.sedar.com and the Company's website at
www.alcanna.ca/investors.
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements or
information (collectively "forward-looking statements") within the
meaning of applicable securities legislation. Forward-looking
statements are typically identified by words such as "anticipate",
"will", "should", "plan" and similar words suggesting future events
or future performance. All statements and information other than
statements of historical fact contained in this news release are
forward-looking statements.
Although the Company believes that the expectations reflected in
the forward-looking statements, and the assumptions on which such
forward-looking statements are made, are reasonable, there can be
no assurance that such expectations and assumptions will prove to
be correct. Readers should not place undue reliance on
forward-looking statements included in this news release.
Forward-looking statements are not guarantees of future performance
and involve a number of risks and uncertainties that may cause
actual performance and financial results to differ materially from
any estimates, forecasts or projections. These risks and
uncertainties include, among other things, the factors described in
the Company's public filings (including the Annual Information
Form) available at www.sedar.com. Readers are cautioned that this
list of risk factors should not be construed as exhaustive.
The forward-looking statements contained in this news release
are made as of the date hereof. Except as expressly required by
applicable securities legislation, Alcanna does not undertake any
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise. The forward-looking statements contained in this news
release are expressly qualified by this cautionary statement.
SOURCE Alcanna Inc.