National Access Cannabis Corp. Continues Growth by Announcing Licences to Open Three New Retail Cannabis Stores in Alberta

Press Release

• With three new licences to open retail stores at 110 – 3725 Rundlehorn Drive NE, Calgary; Unit 101 8721 – 156 Street NW, Edmonton; and Unit 7 – 8, 620 – 1st Avenue NW, Airdrie, the Company has assembled a portfolio of 18 stores in Alberta, and 28 stores in total.
• With 25 stores open in Alberta, Manitoba and Saskatchewan, NAC has the largest footprint of any private or public cannabis retailer in Canada, according to provincial licensing statistics.
• 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, June 18, 2019 – National Access Cannabis Corp. (“NAC” or the “Company”) (TSXV: META), Canada’s largest cannabis retailer according to provincial licensing statistics, today announced it has received three additional licences from the Alberta Gaming, Liquor and Cannabis Commission (the “AGLC”) to open cannabis retail stores in Alberta. The retail stores will be located in the cities of Calgary, Edmonton and Airdrie. The announcement comes following the previously released news that the AGLC has lifted the moratorium on new cannabis retail licences.

The new retail locations are listed below:

NewLeaf Cannabis – Rundlehorn
110 – 3725 Rundlehorn Drive NE, Calgary

NewLeaf Cannabis – Jasper Park
Unit 101 8721 – 156 Street NW, Edmonton, Alberta

NewLeaf Cannabis – Airdrie
Unit 7 – 8, 620 – 1st Ave NW, Airdrie, Alberta

“We’re growing rapidly in Alberta,” said Mark Goliger, CEO of NAC. “With three new licences and the new location recently opened June 5th in the Varsity neighbourhood in Calgary, we continue to expand our private cannabis retailing footprint in Alberta and our growth isn’t done. We have 15 additional licences submitted and 7 more stores built awaiting licensing and regulatory approval in Alberta.”

NAC is the national leader in retail cannabis. Currently operating in three provinces, NAC has applied for licences in British Columbia and plans to make applications for licences in Ontario once licensing opens up to more private retailers. 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:

May 31, 2019, National Access Cannabis Corp. Responds to the AGLC Lifting the Moratorium on Cannabis Retail Stores in Alberta

April 23, 2019, National Access Cannabis Corp. Continues Growth with License for 25th Canadian Retail Location

April 18, 2019, National Access Cannabis Corp. Enters Saskatchewan and Continues National Retail Expansion with Acquisition of 24th Retail Location

April 16, 2019, National Access Cannabis Generates $16.2 million in Revenue in Q2 2019. Retail Cannabis Stores Generate $15.9 million in Revenue and Adjusted EBITDA[1] of $1.8 million

About National Access Cannabis Corp.
NAC is Canada’s largest recreational cannabis retailer by provincial store count. With a portfolio of 28 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).

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

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