National Access Cannabis Corp. Announces Execution of Cannabis Retail Organization Agreement with the Province of Manitoba
- 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 – 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:
July 3, 2018 – https://www.newswire.ca/news-releases/national-access-cannabis-corp-provides-update-on-manitoba-retail-network-687201161.html
February 16, 2018 – https://www.newswire.ca/news-releases/national-access-cannabis-announces-successful-response-to-manitoba-private-cannabis-industry-rfp-674275713.html
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.
NAC is listed on the TSX Venture Exchange under the symbol (TSXV: META). For more information, visit www.nationalaccesscannabis.com, www.nacbio.com, www.metacannabis.com and www.newleafcannabis.ca
For further information: National Access Cannabis Corp., Mark Goliger, Chief Executive Officer, 1-800-411-1126, Info@nationalaccesscannabis.com; Investor Relations, Emily Gibbs, LodeRock Advisors Inc., 416-546-8775, firstname.lastname@example.org; Media Inquiries, Jessica Patriquin, Maverick PR, O 416-640-5525 x 230, M 416-995-8496, email@example.com