- NAC is expected to have 3 cannabis retail locations in
Manitoba open by November 9, adding new locations in
Opaskwayak Cree Nation and Long Plain
First Nation Portage La
Prairie, in addition to the META Winnipeg store opened on October 17, 2018.
- NAC is looking to open to open a total of 10 recreational
cannabis stores in Manitoba with an additional 5 stores
in partnership with Manitoban First Nations, all under the META™
brand, by early 2019.
OTTAWA, Nov. 8, 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 opening of Canada's
first legal recreational cannabis retail store on First Nation land
in Opaskwayak Cree Nation ("OCN"), Manitoba. In addition, NAC expects to attend a
pre-licence inspection relating to its proposed cannabis retail
location in Long Plain First Nation Portage La Prairie, Manitoba on November 9, 2018 and be open shortly thereafter.
It is expected that these two legal recreational cannabis retail
stores will be staffed by First Nations members and operate in
collaboration under NAC's retail brand Meta Cannabis Supply Co.™
("META").
The retail locations are listed below:
Open:
Meta Cannabis Supply Co.
Otineka Mall
Hwy 10 N
Opaskwayak, Manitoba
R0B 2J0
Looking to Open Friday, November 9,
2018:
Meta Cannabis Supply Co.
79 Keeshkeemaquah Drive
Portage La Prairie, Manitoba
R1N 4B1
"I'm especially proud to announce these new META locations,"
said Mark Goliger, CEO of NAC. "They
represent the commitment and strength we have in our relationships
with the Opaskwayak Cree Nation and Long
Plain First Nation. These partnerships with First Nations
represent a pivotal moment in our vision to build an expanding
footprint of legal cannabis retail operations across Canada. Additionally, when added to the
operational four NewLeaf branded stores opened in Alberta last week, it proves the power of our
diversified retail strategy as we build momentum across
Canada."
"We have partnered with NAC to work toward further development
for OCN and our community", said Onekanew (Chief) Christian Sinclair of Opaskwayak Cree Nation and
NAC board member. "This META store launch is a historic and
exciting moment for our industry and will create local jobs and
proper education for the legal cannabis retail model, and we have
invested time and financing to support NAC for their retail
expansion, because we believe in it."
The Manitoba government has
previously awarded the Company authorization to operate ten
privately owned retail cannabis stores, as well as an e-commerce
platform, in the Province of Manitoba. Additionally, as part of an
anticipated opening of up to 220 retail cannabis locations across
Canada over the next 18 months,
the Company continues to develop its retail strategy to open more
legal cannabis retail locations in partnership with three Manitoban
Indigenous First Nations (Opaskwayak Cree Nation, Long Plain
First Nation, and Nisichawayasihk Cree Nation). These partnerships
are expected to establish retail cannabis distribution on First
Nation lands under Indigenous and NAC leadership.
Previous announcements regarding NAC's Manitoba expansion may be found through the
following links:
October 16, 2018 – National Access
Cannabis kicks off "legalization day" with unveiling of first Meta
Cannabis Supply Co. retail store
September 20, 2018 – National
Access Cannabis Corp. Announces Execution of Cannabis Retail
Organization Agreement with the Province of Manitoba
July 3, 2018 – National Access
Cannabis Corp. Provides Update on Manitoba Retail Network
February 16, 2018 – Successful
Response to Manitoba Private Cannabis Industry RFP
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.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 planned opening of cannabis retail stores and the planned
opening dates of same, the number of cannabis retail stores
anticipated to open, the locations of cannabis retail stores, the
launch of an online cannabis retail store in Manitoba, and
NAC's plans to establish retail cannabis distribution networks
in Manitoba through partnerships with Indigenous First
Nations. 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 retail 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.