- With two new licences to open retail stores at 144-55
Castleridge Boulevard NE Calgary and 101 – 400 Main Street
N, Airdrie, NAC has assembled a portfolio of 20 stores
in Alberta, with 30 licensed stores in total.
- NAC continues to execute on its business plan to have 40
stores operating by the end of calendar 2019, and 110 by the end of
calendar 2020.
TORONTO, July 3, 2019 /CNW/ - National Access Cannabis
Corp. ("NAC" or the "Company") (TSXV: META),
Canada's largest cannabis retailer
according to provincial licensing statistics, today announced it
has received two additional licences from the Alberta Gaming,
Liquor and Cannabis Commission (the "AGLC") to open cannabis
retail stores in Alberta. The retail stores will be located in
the cities of Calgary and
Airdrie. The announcement comes following the previously
released news that the AGLC has lifted the moratorium on new
cannabis retail licences.
The new retail locations are listed below:
NewLeaf Cannabis - Castleridge
144-55 Castleridge Boulevard NE, Calgary,
Alberta
NewLeaf Cannabis - Airdrie
Unit 101, 400 Main Street N, Airdrie,
Alberta
"We continue our rapid growth in Alberta," said Mark
Goliger, CEO of NAC. "With two new licences quickly
following the three new licences announced on June 18th, we continue to expand our
private cannabis retailing footprint in Alberta and across Canada."
NAC is the national leader in retail cannabis. Currently
operating in three provinces, NAC has applied for licences in
British Columbia and plans to make
applications for licences in Ontario once licensing opens up to more
private retailers. NAC's experienced team of retail industry
professionals is focused on achieving its business plan of having
40 operating stores by the end of calendar 2019, and 110 operating
stores by the end of calendar 2020.
Previous announcements regarding NAC's retail store expansion
may be found through the following links:
June 24, 2019, National Access
Cannabis Corp. Provides Sales Update for Retail Cannabis Operations
since Federal Legalization
June 18, 2019, National Access
Cannabis Corp. Continues Growth by Announcing Licences to Open
Three New Retail Cannabis Stores in Alberta
May 31, 2019, National Access
Cannabis Corp. Responds to the AGLC Lifting the Moratorium on
Cannabis Retail Stores in Alberta
About National Access Cannabis Corp.
NAC is
Canada's largest recreational
cannabis retailer by provincial store count. With a portfolio of 30
licensed retail locations nationwide, NAC is the leader in secure,
safe and responsible access to legal recreational cannabis in
Canada. Through its Canada-wide network of Meta Cannabis Supply
Co.™ and NewLeaf Cannabis™ recreational cannabis retail stores and
NAC Medical's cannabis clinics and pharmacy partnerships, NAC
enables the public and registered patients to gain knowledgeable
access to Canada's network of
authorized Licensed Producers of cannabis. NAC is listed on the TSX
Venture Exchange under the symbol (TSXV: META).
For more information,
visit:
www.nationalaccesscannabis.com
www.metacannabis.com
www.newleafcannabis.ca
www.nacbio.com
www.nacmedical.com
Cautionary Statements
This news release contains forward-looking statements and
forward-looking information within the meaning of applicable
securities laws. The use of any of the words "expect",
"anticipate", "continue", "estimate", "objective", "ongoing",
"may", "will", "project", "should", "believe", "plans", "intends"
and similar expressions are intended to identify forward looking
statements or information. Forward-looking statements and
information in this news release includes, but is not limited to,
the number of NAC cannabis retail stores expected to open and/or
become licensed, the opening dates for NAC cannabis retail stores,
the location of NAC's cannabis retail stores and plans to make
applications for licences in Ontario once licensing opens up to more
private retailers. Although the Company believes that the
expectations and assumptions on which the forward-looking
statements and information are based are reasonable, undue reliance
should not be placed on the forward-looking statements and
information because the Company cannot give any assurance that they
will prove to be correct. Since forward-looking statements and
information address future events and conditions, by their very
nature they involve inherent risks and uncertainties. Actual
results and developments, including the number of NAC cannabis
retail stores expected to open, may differ materially from those
that are currently contemplated by these statements depending on,
among other things, risks relating to the AGLC reinstating its
moratorium, the ability to obtain or maintain licences to retail
cannabis products; future legislative and regulatory developments
involving cannabis including Ontario opening up licensing to more private
retailers; inability to access sufficient capital from internal and
external sources, and/or inability to access sufficient capital on
favourable terms; general business, economic, competitive,
political and social uncertainties; timing and completion of
construction of the Company's retail locations; the delay or
failure to receive regulatory approvals; the competitive conditions
of the cannabis industry; the competitive and business strategies
of the Company; the labour market generally and the ability to
access, hire and retain employees; and the recreational and medical
cannabis industry in Canada
generally. The Company cautions that the foregoing list of risks
and uncertainties is not exhaustive. The forward-looking statements
and information contained in this news release are made as of the
date hereof and the Company undertakes no obligation to update
publicly or revise any forward-looking statement or information,
whether as a result of new information, future events or otherwise,
unless so required by applicable securities laws.
Neither the 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 National Access Cannabis Corp.