- With two new licences to open retail stores at 1321 Trans
Canada Way South, Medicine Hat
and C-824 Edmonton Trail NE, Calgary, NAC has assembled a portfolio of 24
stores in Alberta, with 34
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 29, 2019 /CNW/ - National Access Cannabis
Corp. ("NAC" or the "Company") (TSXV: META), Canada's
largest cannabis retailer1, 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
Medicine Hat and Calgary. 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 – Medicine
Hat
1321 Trans Canada Way South,
Medicine Hat, Alberta
NewLeaf Cannabis - Calgary
C-824 Edmonton Trail NE, Calgary,
Alberta
"National Access Cannabis now has 9 new licences granted in
Alberta since the lifting of the
moratorium by the AGLC on May 30th,"
said Mark Goliger, CEO of NAC. "With
34 licensed locations across Alberta, Manitoba and Saskatchewan, we continue have the largest
footprint of retail cannabis stores in Canada1. We are confident in our
ability to rapidly and successfully expand our retail stores across
multiple jurisdictions and we continue to pursue expansion
opportunities, particularly in British
Columbia and Ontario."
NAC is the national leader in retail cannabis1.
Currently operating in three provinces, NAC has applied for
licences in British Columbia and
plans to make applications for licences in Ontario. 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:
July 25, 2019, National Access
Cannabis Corp. Continues Growth by Announcing Licences to Open Two
New Retail Cannabis Stores in Alberta for a Total of 32 Licensed Retail
Stores Across Canada
July 3, 2019, National Access
Cannabis Corp. Continues Growth by Announcing Licences to Open Two
New Retail Cannabis Stores in Alberta for a Total of 30 Licensed Retail
Stores Across Canada
June 24, 2019, National Access
Cannabis Corp. Provides Sales Update for Retail Cannabis Operations
since Federal Legalization
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 retailer1. With a
portfolio of 34 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).
1Canaccord Genuity, Canadian Cannabis Report,
July 17, 2019
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.