NAC to sell CannaRoyalty Products at future retail locations across Canada
OTTAWA, March 15, 2018 /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 cannabis, today announced that it has signed a binding term sheet (the "Term Sheet") to expand its business relationship with CannaRoyalty Corp. ("CannaRoyalty") (CSE: CRZ) (OTCQX: CNNRF), to carry CannaRoyalty products in NAC stores in various provinces in Canada, as legally permitted. This non-exclusive agreement expands on an existing business relationship to distribute CannaRoyalty products through NAC's future Manitoban retail stores.
"Our growing relationship with CannaRoyalty will provide our retail customers with greater access to a diverse portfolio of quality cannabis products at our future locations," said Mark Goliger, Chief Executive Officer of National Access Cannabis. "Their deep experience successfully supplying branded cannabis products to the Californian marketplace will serve us well as we look to grow our retail footprint outside of Manitoba, to Alberta, British Columbia and beyond. Ultimately, our aim is to offer a balanced approach to retail distribution; providing Canadians with access to high-quality products while maintaining our reputation for secure, safe, and responsible access."
"The business relationship we have established with NAC is a strong step toward expanding our distribution pipeline in advance of both adult-use legalization and the regulatory inclusion of product forms beyond cannabis flower and oils in Canada," said Marc Lustig, CEO of CannaRoyalty. "NAC has emerged as one of the leading independent retailers in Canada and we see significant value in our experience and product portfolio, combined with NAC's history of operating safe and secure medical retail cannabis stores in Canada."
About National Access Cannabis
National Access Cannabis is Canada's best practices leader in delivering secure, safe, and responsible access to legal cannabis. Through its Canada-wide network of care centres, NAC enables patients and the public to gain knowledge and access to Canada's network of authorized Licensed Producers of Cannabis. National Access Cannabis Corp. is listed on the TSX Venture Exchange under the symbol (TSXV: NAC). For more information, visit www.nationalaccesscannabis.com
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, statements concerning future developments, including the Company's plans to expand its business relationship with CannaRoyalty. 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 could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, risks associated with general economic conditions; adverse industry events; marketing costs; loss of markets; 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 medical and potential cannabis industry in Canada generally; income tax and regulatory matters; the ability of the Company to implement its business strategies; competition; crop failure; currency and interest rate fluctuations; and other risks. The Company cautions that the foregoing list of risks and uncertainties is not exhaustive.
In addition, the reader is cautioned that historical results are not necessarily indicative of future performance. 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: Robert Kelly, LodeRock Advisors Inc., (416) 992-4539, [email protected]