- With the new license to open a retail store at 130,
5403 Crowchild Trail NW, Calgary,
the Company has assembled a portfolio of 15 stores in Alberta, and 25 stores in
total.
- With 25 stores in Alberta, Manitoba and Saskatchewan, NAC has the largest footprint of
any private or public cannabis retailer in Canada, according to provincial licensing
statistics.
- The Company 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, April 23, 2019 /CNW/ - National Access
Cannabis Corp. ("NAC" or the "Company") (TSXV: META), Canada's largest private cannabis retailer,
today announced it has received approval from the
Alberta Gaming, Liquor and Cannabis Commission ("AGLC") to open a
new store at 130, 5403 Crowchild Trail NW,
Calgary
Alberta.
"The Crowchild Trail store marks the 25th store
in our portfolio," said Mark
Goliger, CEO of NAC. "We're encouraged by increases in
available inventory in Alberta
where we have an additional 18 licenses submitted and awaiting
approval. We have the largest footprint of retail cannabis
stores in the province of Alberta,
and Canada as a whole, and we
expect to maintain this position by continuing to aggressively
pursue expansion opportunities in the early stage, and extremely
high growth, cannabis industry."
NAC is the national leader in retail cannabis.
Currently operating in 3 provinces, NAC plans to open stores in
British Columbia within 2019, and
in Ontario within 2020.
NAC's experienced team of retail industry professionals is focussed
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:
April 18, 2019, National
Access Cannabis Corp. Enters Saskatchewan and Continues National Retail
Expansion with Acquisition of 24th Retail Location
April 16, 2019, National
Access Cannabis Generates $16.2
million in Revenue in Q2 2019. Retail Cannabis Stores
Generate $15.9 million in Revenue and
Adjusted EBITDA[1] of $1.8
million
November 21, 2018, National
Access Cannabis becomes Canada's
largest private recreational cannabis retailer by store count,
leading the country with 17 stores
About National Access Cannabis Corp.
NAC is Canada's largest
recreational cannabis retailer. With 25 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 opening dates for NAC cannabis retail stores and the number of
NAC cannabis retail stores expected to open and/or become licensed.
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.