National Access Cannabis Corp. Continues Growth by Announcing Licence to Open a New Retail Cannabis Store in Alberta for a Total of 35 Licensed Retail Stores Across Canada and New Store Opening Update
Press Release
- With a new licence to open a retail store at 543 3 Street South East, Medicine Hat, NAC has assembled a portfolio of 25 stores in Alberta, with 35 licensed stores in total.
- Two new retail stores in Alberta are scheduled to open in August, with 5 additional stores scheduled to open across Alberta in September and October 2019.
- NAC continues to execute on its business plan to have 40 stores operating by the end of calendar 2019, and 110 by the end of calendar 2020.
TORONTO, Aug. 8, 2019 – National Access Cannabis Corp. (“NAC” or the “Company”) (TSXV: META), Canada’s largest cannabis retailer1, today announced it has received an additional licence from the Alberta Gaming, Liquor and Cannabis Commission (the “AGLC”) to open a cannabis retail store in Medicine Hat, Alberta. The announcement comes following the previously released news that the AGLC has lifted the moratorium on new cannabis retail licences. The Company also announces the planned opening of two new retail locations in August, with an additional 5 stores anticipated to open to the public in September and October.
The newly licenced retail location is listed below:
NewLeaf Cannabis – Medicine Hat
543 3 Street SE, Medicine Hat, Alberta
Dates for the anticipated retail location openings in August are listed below:
Scheduled opening August 14, 2019:
NewLeaf Cannabis
101 – 400 Main Street N, Airdrie
Scheduled opening August 21, 2019:
NewLeaf Cannabis
55 Castleridge Blvd NE, Calgary
“National Access Cannabis now has 10 new licences granted in Alberta since the lifting of the moratorium by the AGLC, and we’ve been working hard to get these stores open to the public,” said Mark Goliger, CEO of NAC. “With our plan to open 7 of our recently licenced locations across Alberta in the next three months, we look forward to the sales and revenues from this increased footprint. With our operating expertise and proven track record of retail expansion, we see a clear path to growing our store count, and we plan to continue successfully expanding our retail stores across multiple jurisdictions.”
NAC is the national leader in retail cannabis1. Currently operating in three provinces, NAC has applied for licences in British Columbia and plans to make applications for licences in Ontario. NAC’s experienced team of retail industry professionals is focused on achieving its business plan of having 40 operating stores by the end of calendar 2019, and 110 operating stores by the end of calendar 2020.
Previous announcements regarding NAC’s retail store expansion may be found through the following links:
July 30, 2019, National Access Cannabis Corp. Continues Growth by Announcing Licences to Open Two New Retail Cannabis Stores in Alberta for a Total of 34 Licensed Retail Stores Across Canada
July 25, 2019, National Access Cannabis Corp. Continues Growth by Announcing Licences to Open Two New Retail Cannabis Stores in Alberta for a Total of 32 Licensed Retail Stores Across Canada
July 3, 2019, National Access Cannabis Corp. Continues Growth by Announcing Licences to Open Two New Retail Cannabis Stores in Alberta for a Total of 30 Licensed Retail Stores Across Canada
May 31, 2019, National Access Cannabis Corp. Responds to the AGLC Lifting the Moratorium on Cannabis Retail Stores in Alberta
About National Access Cannabis Corp.
NAC is Canada’s largest recreational cannabis retailer1. With a portfolio of 35 licensed retail locations nationwide, NAC is the 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 and NAC Medical’s cannabis clinics and pharmacy partnerships, NAC enables the public and registered patients to gain knowledgeable access to Canada’s network of authorized Licensed Producers of cannabis. NAC is listed on the TSX Venture Exchange under the symbol (TSXV: META).
1Canaccord Genuity, Canadian Cannabis Report, July 17, 2019
For more information, visit:
www.nationalaccesscannabis.com
www.metacannabis.com
www.newleafcannabis.ca
www.nacbio.com
www.nacmedical.com
For further information: National Access Cannabis: Mark Goliger, Chief Executive Officer, National Access Cannabis, Tel: 647-689-6382, corporate@nationalaccesscannabis.com; Investor Relations: Emily Gibbs, LodeRock Advisors Inc., Tel: 416-546-8775, emily.gibbs@loderockadvisors.com; Media Inquiries: Jessica Patriquin, Tel: 416-640-5525 x 230, Cell: 416-995-8496, jessicap@wearemaverick.com
Related Links
www.NationalAccessCannabis.com
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