- 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:
Meta Cannabis Supply Co.
Hwy 10 N
Looking to Open Friday, November 9, 2018:
Meta Cannabis Supply Co.
79 Keeshkeemaquah Drive
Portage La Prairie, Manitoba
"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:
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:
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.
For further information: National Access Cannabis: Mark Goliger, Chief Executive Officer, National Access Cannabis, 1-800-411-1126, [email protected]; Investor Relations: Emily Gibbs, LodeRock Advisors Inc., 416-546-8775, [email protected]; Media Inquiries: Jessica Patriquin, 416.640.5525 x 230, M 416.995.8496, [email protected]