Dec 22, 2017, 07:00 ET
OTTAWA, Dec. 22, 2017 /CNW/ - National Access Cannabis Corp. ("NAC" or the "Company") (TSX VENTURE: NAC), Canada's best practices leader in delivering secure, safe, and responsible access to legal medical cannabis today announced that the Company has entered into a Limited Partnership Agreement (the "Agreement") with the Brokenhead Ojibway Nation of Manitoba. Under the terms of the Agreement, the Brokenhead Ojibway Nation have agreed to partner with NAC to establish a retail recreational cannabis store on First Nation land located northeast of the Winnipeg, Manitoba, when legally permissible to do so.
Today's announcement brings the total number of First Nations partnerships that NAC has announced to date in Manitoba to five. The proposed retail cannabis locations throughout the province will all be constructed on First Nation land, staffed by its members and trained using NAC's proprietary model to ensure safe and secure distribution of legal cannabis.
"With the backing of its Chief and Council, the Brokenhead Ojibway Nation join a growing entrepreneurial group of Manitoba's Indigenous First Nations in providing new jobs to its members and access to legal cannabis to the surrounding communities," said Mark Goliger, Chief Executive Officer of National Access Cannabis. "Positioned about an hour north east of Winnipeg, the strong traffic volumes in the area provide an ideal location for both retail and potential medical cannabis distribution."
"The recreational cannabis market has the potential to provide sustainable opportunities," said Chief Jim Bear, Brokenhead Ojibway Nation. "Ensuring adherence to our council policies and maintaining social responsibility are an important priority and a strong partner like NAC will provide a wealth of information that will be key to the success of our new endeavour."
About National Access Cannabis
National Access Cannabis is Canada's best practices leader in delivering secure, safe, and responsible access to legal medical cannabis. NAC enables patients to gain knowledge and the legal medical documentation required to navigate Canada's disparate network of authorized Licensed Producers of Cannabis. Through its Canada-wide network of care centres, NAC has partnered with health professionals to improve the quality of life of its local members and provide services designed to inform, educate and supply expert advice.
National Access Cannabis Corp. is listed on the TSX Venture Exchange under the symbol (TSXV: NAC).
This news release contains "forward-looking information" within the meaning of applicable securities laws relating to the entering into of the limited partnership agreements and future developments including the establishment of a recreational cannabis distribution network in Manitoba, the structure thereof and the anticipated benefits to Manitoban stakeholders. Although the Corporation believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Corporation can give no assurance that they will prove to be correct. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those that are currently contemplated by these statements depending on, among other things, the risks and failure to obtain distribution and operating licenses from applicable regulatory authorities. The Corporation undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of the Corporation, its securities, or its financial or operating results (as applicable). The statements in this news release are made as of the date of this release.
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.
For further information: National Access Cannabis Corp., Mark Goliger, Chief Executive Officer, 1 (800) 411-1126, [email protected]; Investor Relations, Robert Kelly, LodeRock Advisors Inc.,(416) 992-4539, [email protected]
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