Meta Growth Extends Maturity Date of $9m Loan to December 31, 2022

Press Release

TORONTO, Nov. 19, 2019 – National Access Cannabis Corp (TSXV: META) d/b/a Meta Growth (“Meta Growth”, “META” or “the Company”), Canada’s largest publicly traded recreational cannabis retailer by revenue1, is pleased to announce that it has reached a new agreement to extend its $9,000,000 loan (the “Loan”) from Opaskwayak Cree Nation (“OCN”) to December 31, 2022.

The original Loan was set to mature on December 14, 2019. As one of META’s largest shareholders, owning approximately 10.8 million shares, OCN has agreed to extend the maturity of the Loan until December 31, 2022, at an interest rate of 10% per annum, and an annual administration fee of $225,000.

“OCN sees the ongoing investment into META as a growth opportunity for both META and OCN. The income that OCN generates from the interest on the Loan helps OCN with investing in our community infrastructure, such as housing,” said Christian Sinclair, Onekanew (Leader) of OCN and Board Member of META. “We hope to continue to capitalize on opportunities with META as the Ontario government is anticipated to issue additional licenses for cannabis retail locations.”

“OCN has been a significant stakeholder in META since the Company’s inception,” said Mark Goliger, CEO of META. “By keeping the money in the Company, we can take advantage of growth opportunities, including expanding into the Ontario market in 2020. We are very grateful of OCN’s continued support of META.”

About Meta Growth
With a portfolio of 35 licensed retail locations nationwide, META is a leader in secure, safe and responsible access to legal recreational cannabis in Canada. Through its Canada-wide network of META Cannabis Supply Co.™ and NewLeaf Cannabis™ recreational cannabis retail stores, META enables the public to gain knowledgeable access to Canada’s network of authorized Licensed Producers of cannabis. META is listed on the TSX Venture Exchange under the symbol (TSXV: META).

For more information on Meta Growth, visit:
metagrowth.com
metacannabis.com
newleafcannabis.ca

For further information: Meta Growth: Mark Goliger, Chief Executive Officer, Meta Growth, Tel: 647-689-6382, corporate@metagrowth.com; Investor Relations: Emily Gibbs, LodeRock Advisors Inc., Tel: 416-546-8775, emily.gibbs@loderockadvisors.com

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