- Pursuant to the Cannabis Retail Organization Agreement NAC continues to develop 10 recreational cannabis stores in Manitoba with an additional 5 stores in partnership with Manitoban First Nations, all under the META™ brand.
- The Company expects to open 8 locations in Manitoba by the end of the year, with plans to open the remaining corporate and First Nations locations in early 2019.
OTTAWA, Sept. 20, 2018 /CNW/ - National Access Cannabis Corp. ("NAC" or the "Company") (TSXV: META), Canada's best practices leader in delivering secure, safe, and responsible access to legal cannabis today announced that NAC and the government of Manitoba have executed the Cannabis Retail Organization Agreement ("Organization Agreement") that will allow NAC to develop and operate ten privately owned recreational cannabis stores in the Province. The initial ten recreational cannabis retail stores will operate under NAC's retail brand Meta Cannabis Supply Co.™ ("META"). NAC plans to open five additional META stores in partnership with First Nations on First Nations land.
"Now that the retailer relationship is official and with nine of our ten locations selected and construction underway at select sites, NAC plans to have at least three META stores in Winnipeg, as well as our online sales, ready and open for business on October 17th," said Mark Goliger, CEO of NAC. "NAC continues to actively work with the various regulators, provincial and municipal governments to meet the needs of recreational customers and provide Manitobans with special in-store experiences and access to quality products with a range of options and pricing."
In addition, as part of NAC anticipating 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 cannabis retail locations in partnership with four Manitoban Indigenous First Nations (Opaskwayak Cree Nation, Long Plain First Nation, Brokenhead Ojibway 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:
About National Access Cannabis Corp.
NAC is Canada's best practices leader in delivering secure, safe, and responsible access to legal cannabis. Through its Canada-wide network of care centres, pharmacies, NAC Bio Inc.'s clinical research division, NewLeaf recreational cannabis retail stores and Meta Cannabis Supply Co.™ 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.
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 additional licences granted by the Government of Manitoba to retail cannabis, the opening dates of NAC retail locations and the number of NAC retail locations expected to open. 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.
For further information: National Access Cannabis Corp., Mark Goliger, Chief Executive Officer, 1-800-411-1126, [email protected]; Investor Relations, Emily Gibbs, LodeRock Advisors Inc., 416-546-8775, [email protected]; Media Inquiries, Jessica Patriquin, Maverick PR, O 416-640-5525 x 230, M 416-995-8496, [email protected]