- NAC now has opened 6 cannabis retail locations in Manitoba. Four of the six stores are in partnership with First Nations, including a new location in Thompson, Manitoba in partnership with the Nisichawayasihk Cree Nation.
- NAC is looking to open to open at least 14 recreational cannabis stores in Manitoba with four stores in partnership with Manitoban First Nations, all under the META™ brand, by early 2019.
- With 20 stores in Manitoba and Alberta, the Company is larger by store count than any private cannabis retailer and equal in store count to the largest public cannabis retailer in Canada, according to provincial licensing statistics.
TORONTO, Dec. 13, 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 a cannabis retail store on First Nation land in Nisichawayasihk Cree Nation ("NCN"), Thompson, Manitoba.
The new retail location is listed below:
Open:
Meta Cannabis Supply Co.
58 Cree Rd
Thompson, MB
R8N ON2
"I am proud to announce the opening of another META store in partnership with First Nations," said Mark Goliger, CEO of NAC. "Bringing our META brand to Thompson, Manitoba in partnership with the Nisichawayasihk Cree Nation, proves our retail strategy and momentum as we quickly roll-out new stores. Thompson, Manitoba is known as the 'Gateway to the North', and this new store will act as another gateway, providing safe and legal access to recreational cannabis for the more than 50,000 poeple that use Thompson as a shopping and travel-through hub. Adding six stores in Manitoba to our 14 NewLeaf locations in Alberta, brings us to a total of 20 stores, maintaining NAC as the largest private retailer in Canada. This is just the beginning – we're still growing."
The Manitoba government previously awarded the Company authorization to operate 10 privately owned retail cannabis stores, an e-commerce platform, and four additional retail stores in partnership with First Nations groups in the Province of Manitoba. 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:
December 8, 2018 – National Access Cannabis Corp. Provides Retail Sales and Corporate Update
November 8, 2018 – National Access Cannabis Corp. Announces Two New Cannabis Retail Locations to Open inManitoba
October 16, 2018 – National Access Cannabis kicks off "legalization day" with unveiling of first Meta Cannabis Supply Co. retail store
September 20, 2018 – National Access Cannabis Corp. Announces Execution of Cannabis Retail Organization Agreement with the Province of Manitoba
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:
www.nationalaccesscannabis.com
www.metacannabis.com
www.newleafcannabis.ca
www.nacbio.com
www.nacmedical.com
Cautionary Statements
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 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.
