National Access Cannabis Corp. Announces $9 Million Debt Financing with Opaskwayak Cree Nation

Press Release

TORONTO, Dec. 14, 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 it has closed a CAD$9,000,000.00 debt financing from Opaskwayak Cree Nation (“OCN”). Additionally, in connection with the advance of the Loan, 900,000 warrants of NAC will be issued to Opaskwayak Cree Nation (the “Warrants”). The company will use the loan proceeds to continue the build-out of Western Canada and Ontario retail cannabis stores, pending licensing and regulatory approvals, under NAC’s retail brand Meta Cannabis Supply Co.™ NAC currently operates a total of 20 cannabis retail stores in Alberta and Manitoba.

“This financing provides NAC with the capital needed to fund the continued build-out of planned recreational cannabis retail locations across Canada and capture dominant market share throughout 2019,” said Mark Goliger, CEO of National Access Cannabis. “Today, NAC is the leader in private recreational cannabis retailing, and we have a bold vision to maintain that lead across Canada into Ontario as that market opens its licensing for private retailers. As one of our key shareholders, Opaskwayak Cree Nation understands the importance of this game-changing expansion and has once again supported us by extending the capital necessary to fund this build-out in 2019.”

“The Opaskwayak Cree Nation continues to believe in the vision of NAC”, said Onekanew (Chief) Christian Sinclair, of Opaskwayak Cree Nation, who is also a member of NAC’s Board of Directors. “This financing contributes to NAC’s expansion representing another pivotal growth moment as it builds a leading network of retail operations across Canada. We strongly believe that this investment will benefit the company and its shareholders.”

The Loan has a six-month term and carries an interest rate of eight per cent per annum. Additionally, each Warrant entitles OCN to acquire, upon exercise thereof, one common share in the capital of NAC at a price of $1.08 for a period of three years.

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 further information: www.nationalaccesscannabis.com, www.metacannabis.com, www.newleafcannabis.ca, www.nacbio.com, www.nacmedical.com; National Access Cannabis: Mark Goliger, Chief Executive Officer, National Access Cannabis, Phone: 647-689-6382, corporate@nationalaccesscannabis.com; Investor Relations: Emily Gibbs, LodeRock Advisors Inc., 416-546-8775, emily.gibbs@loderockadvisors.com; Media Inquiries: Jessica Patriquin, 416.640.5525 x 230, M 416.995.8496, jessicap@wearemaverick.com

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