- With final retail licences granted by the Alberta government, NAC expects to have an
initial five retail locations open soon under the NewLeaf Cannabis
brand.
- Nationally, the Company expects to open a total of 50
locations in aggregate by the end of the year, with plans to open
an additional 100 to 150 retail locations during 2019,
subject to regulatory approvals.
OTTAWA, Oct. 25, 2018 /CNW/ - National Access Cannabis
Corp. ("NAC" or the "Company") (TSXV: META), a best practices
leader in delivering secure, safe, and responsible access to legal
cannabis in Canada today announced that five Canadian retail
locations owned by NAC have been granted licenses, in the province
of Alberta.
NAC acquired 100 per cent of The Green Company Ltd. ("NewLeaf
Cannabis") in September 2018 to
strengthen and enhance its footprint in the province. The
acquisition of NewLeaf Cannabis™ by NAC added a second retail brand
to its roster in addition to the Company's existing Meta Cannabis
Supply Co.™ ("META") brand.
NAC is working diligently in Alberta to open 37 cannabis retail locations,
including 25 proposed NewLeaf Cannabis stores and 12 proposed META
stores, as soon as possible. A staff of close to 200 employees
excitedly await the opportunity to serve the local communities at
the five locations listed below:
Southland Location - Calgary,
Southland: #111, 13 Southland Crescent SW, T2W 0K4
Midnapore Location - Calgary,
Midnapore: #29, 240 Midpark Way SE, T2X 1N4
Deer Valley Location - Calgary,
Deer Valley: #18, 13750 Bow Bottom
Trail SE, T2J 6T5
Westbrook Location - Calgary,
Westbrook: #110, 1935 - 37 Street SW, T3E 3E4
Mayor Magrath Location – Lethbridge, Mayor Magrath: 1328 Mayor Magrath,
T1K 2R2
When doors open to the public, NAC will be well-positioned to
help Canadians usher in a new era of responsible cannabis
consumption. The approachable NewLeaf Cannabis brand and the
widespread reach of 25-total proposed locations across Alberta will focus on offering a wide
selection of the most in-demand Licensed Producer cannabis and
cannabis accessory brands.
"NewLeaf Cannabis' community outreach, real estate strategy and
well-known brand name have positioned it to flourish under NAC's
stewardship," said Mark Goliger, CEO
of NAC. "Together, the NewLeaf Cannabis and META brands will
maximize NAC's retail footprint across Alberta, bolster our
overall market strength and provide Alberta's recreational customers with
exceptional in-store experiences, education and access to quality
products."
"We are incredibly proud of our team and what we have achieved
to-date," said Angus Taylor, one of
the NewLeaf Cannabis original founders, "The timeline was tight for
retailers to prepare for something as new and challenging as
legalized cannabis. Getting to the place we are now, with multiple
stores ready to open their doors to the public very soon, is an
amazing feeling."
The NewLeaf Cannabis website will continue to keep the
communities it serves updated in real time while the company works
with the Alberta Government over the coming weeks to secure and
announce the remaining store licenses.
Previous announcements regarding NAC's acquisition of NewLeaf
Cannabis may be found through the following links:
September 11, 2018 –
National Access Cannabis Corp. Closes NewLeaf Acquisition
September 10,
2018 – National Access Cannabis Exercises Option to
Acquire 100% of Alberta-Based The Green Company Ltd. and Announces
Changes to Board of Directors
May 28, 2018 – National
Access Cannabis Announces $7 Million Secured Loan
and $1.85 Million Convertible Debenture Investment into
The Green Company Ltd.
About National Access Cannabis Corp.
NAC is a best practices leader in delivering secure,
safe, and responsible access to legal cannabis in Canada. Through its Canada-wide network
of medical cannabis clinics, partner pharmacies, NAC Bio's clinical
research division, NewLeaf Cannabis™ and Meta Cannabis Supply Co.™
recreational cannabis retail stores, NAC enables patients and the
public to gain knowledge and 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.newleafcannabis.ca
www.metacannabis.com
www.nacmedical.com
www.nationalaccesscannabis.com
www.nacbio.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 opening dates of NAC retail locations and the number of NAC
retail locations expected to open in the future, NAC's plans to
secure additional store licenses from the Alberta Government and
the selection of products and brands that will be offered at NAC
retail locations. 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 may differ materially from those that are
currently contemplated by these statements depending on, among
other things, risks relating to the ability to obtain or maintain
licenses to retail cannabis products; future legislative and
regulatory developments involving cannabis; inability to access
sufficient capital from internal and external sources, and/or
inability to access sufficient capital on favourable terms; the
labour market generally and the ability to access, hire and retain
employees; and the medical and potential 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.