National Access Cannabis announces first five NewLeaf Cannabis retail license approvals and store locations across Alberta
Press Release
- With final retail licences granted by the Alberta government, NAC expects to have an initial five retail locations open soon under the NewLeaf Cannabis brand.
- Nationally, the Company expects to open a total of 50 locations in aggregate by the end of the year, with plans to open an additional 100 to 150 retail locations during 2019, subject to regulatory approvals.
OTTAWA, Oct. 25, 2018 – 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 that five Canadian retail locations owned by NAC have been granted licenses, in the province of Alberta.
NAC acquired 100 per cent of The Green Company Ltd. (“NewLeaf Cannabis”) in September 2018 to strengthen and enhance its footprint in the province. The acquisition of NewLeaf Cannabis™ by NAC added a second retail brand to its roster in addition to the Company’s existing Meta Cannabis Supply Co.™ (“META”) brand.
NAC is working diligently in Alberta to open 37 cannabis retail locations, including 25 proposed NewLeaf Cannabis stores and 12 proposed META stores, as soon as possible. A staff of close to 200 employees excitedly await the opportunity to serve the local communities at the five locations listed below:
Southland Location – Calgary, Southland: #111, 13 Southland Crescent SW, T2W 0K4
Midnapore Location – Calgary, Midnapore: #29, 240 Midpark Way SE, T2X 1N4
Deer Valley Location – Calgary, Deer Valley: #18, 13750 Bow Bottom Trail SE, T2J 6T5
Westbrook Location – Calgary, Westbrook: #110, 1935 – 37 Street SW, T3E 3E4
Mayor Magrath Location – Lethbridge, Mayor Magrath: 1328 Mayor Magrath, T1K 2R2
When doors open to the public, NAC will be well-positioned to help Canadians usher in a new era of responsible cannabis consumption. The approachable NewLeaf Cannabis brand and the widespread reach of 25-total proposed locations across Alberta will focus on offering a wide selection of the most in-demand Licensed Producer cannabis and cannabis accessory brands.
“NewLeaf Cannabis’ community outreach, real estate strategy and well-known brand name have positioned it to flourish under NAC’s stewardship,” said Mark Goliger, CEO of NAC. “Together, the NewLeaf Cannabis and META brands will maximize NAC’s retail footprint across Alberta, bolster our overall market strength and provide Alberta’s recreational customers with exceptional in-store experiences, education and access to quality products.”
“We are incredibly proud of our team and what we have achieved to-date,” said Angus Taylor, one of the NewLeaf Cannabis original founders, “The timeline was tight for retailers to prepare for something as new and challenging as legalized cannabis. Getting to the place we are now, with multiple stores ready to open their doors to the public very soon, is an amazing feeling.”
The NewLeaf Cannabis website will continue to keep the communities it serves updated in real time while the company works with the Alberta Government over the coming weeks to secure and announce the remaining store licenses.
Previous announcements regarding NAC’s acquisition of NewLeaf Cannabis may be found through the following links:
September 11, 2018 – National Access Cannabis Corp. Closes NewLeaf Acquisition
September 10, 2018 – National Access Cannabis Exercises Option to Acquire 100% of Alberta-Based The Green Company Ltd. and Announces Changes to Board of Directors
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, NewLeaf Cannabis™ 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.newleafcannabis.ca
www.metacannabis.com
www.nacmedical.com
www.nationalaccesscannabis.com
www.nacbio.com
For further information: NewLeaf Cannabis Media Inquiries: Chad Hason, NewLeaf Cannabis, 403-464-4541, chad@newleafcannabis.ca, www.newleafcannabis.ca; NewLeaf Cannabis Media Kit: www.newleafcannabis.ca/media/; For more information: National Access Cannabis: Mark Goliger, Chief Executive Officer, National Access Cannabis, 1-800-411-1126, Info@nationalaccesscannabis.com; Investor Relations: Emily Gibbs, LodeRock Advisors Inc., 416-546-8775, emily.gibbs@loderockadvisors.com
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