- Three operational retail locations have opened in
Calgary, with an additional
location in Lethbridge set to open
Monday, November 5
- Six additional retail locations in Calgary, Lethbridge and St.
Albert have received licenses and are currently ordering and
receiving product, set to open in November
2018
OTTAWA, Nov. 1, 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 the licensing of a total of 10 cannabis retail stores in
Alberta. Three retail locations
under the brand NewLeaf Cannabis™ ("NewLeaf"), 100% owned by NAC,
have opened to the public in Calgary,
Alberta, with Lethbridge's
first cannabis retail store on Mayor Magrath Drive set to open
Monday, November 5. NAC also
announced licenses have been granted for six additional NewLeaf
store locations in north Calgary,
Lethbridge and St. Albert, each at various stages of ordering
and receiving product.
The 10 recently licenced NewLeaf retail locations are listed
below:
Opened October 28,
2018:
Deer Run Location - Calgary, Deer
Valley: #18, 13750 Bow Bottom Trail SE, T2J 6T5
Southland Location - Calgary,
Southland: #111, 13 Southland Crescent SW, T2W 0K4
Midnapore Location - Calgary,
Midnapore: #29, 240 Midpark Way SE, T2X 1N4
Opening Monday, November 5,
2018:
Mayor Magrath Location – Lethbridge, Mayor Magrath: 1328 Mayor Magrath,
T1K2R2
License In-Hand:
Mission Location - Calgary, Roxboro: #21, 2500 - 4 Street SW, T2S 1X6
Westbrook Location - Calgary,
Westbrook: #110, 1935 - 37 Street
SW, T3E 3E4
Gateway Village Location - St.
Albert, Gateway Village: #207, 2 Herbert Road, T8N 5T8
Westgate Location - Lethbridge,
Westgate: #20, 338 University Drive West, T1J 5C9
32nd Ave Location - Calgary: #9, 2015 - 32 Avenue NE, T2E 6Z3
Castleridge Location - Calgary,
Castleridge: #9, 12 Castleridge Drive NE, T3J 1V4
"It's amazing to see this momentum," said Mark Goliger, CEO of NAC. "With three stores
open in Calgary already and
Lethbridge's first cannabis retail
store set to open next week, we're delivering on our strategy to
provide Alberta's customers with
exceptional in-store experiences, education and access to
recreational cannabis. We're working diligently toward our goal of
37 cannabis retail locations in Alberta, under the NewLeaf and Meta Cannabis
Supply Co. brands."
NAC acquired 100 per cent of The Green Company Ltd. and the
NewLeaf brand in September 2018 to
strengthen and enhance its footprint in the province. The
acquisition added a second retail brand to its roster in addition
to the Company's existing Meta Cannabis Supply Co.™ ("META") brand.
NAC is working with the Alberta
government to open all 25 of their proposed NewLeaf Cannabis stores
as soon as possible. The NewLeaf Cannabis website will continue to
keep the communities they serve updated in real time as the retail
stores come online.
Previous announcements regarding NAC's acquisition of NewLeaf
Cannabis can be found through the following links:
October 25, 2018 – National Access
Cannabis announces first five NewLeaf Cannabis retail license
approvals and store locations across Alberta
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.
NAC Announces Executive Management Team Change
NAC
also announced today that the contract with President Derek Ogden has been fulfilled.
"NAC thanks Derek for his contributions to the Company," said
CEO Mark Goliger. "Derek has been
instrumental in enabling NAC to build our model of safe and
responsible access to legal cannabis for both the medical and
recreational sides of the business. Derek's role and contractual
scope with NAC has been fulfilled and he will be leaving the
Company effective November 14,
2018."
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, Meta Cannabis Supply Co.™ and NewLeaf Cannabis™
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.nationalaccesscannabis.com
www.metacannabis.com
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 opening dates of NAC retail locations and the number of NAC
retail locations expected to open in the future and NewLeaf's plans
to secure additional cannabis retail licenses from the Alberta
Government. 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 cannabis retail 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.