National Access Cannabis Corp. Continues Growth with License for 25th Canadian Retail Location
Press Release
- With the new license to open a retail store at 130, 5403 Crowchild Trail NW, Calgary, the Company has assembled a portfolio of 15 stores in Alberta, and 25 stores in total.
- With 25 stores in Alberta, Manitoba and Saskatchewan, NAC has the largest footprint of any private or public cannabis retailer in Canada, according to provincial licensing statistics.
- The Company 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, April 23, 2019 – National Access Cannabis Corp. (“NAC” or the “Company”) (TSXV: META), Canada’slargest private cannabis retailer, today announced it has received approval from the Alberta Gaming, Liquor and Cannabis Commission (“AGLC”) to open a new store at 130, 5403 Crowchild Trail NW, Calgary Alberta.
“The Crowchild Trail store marks the 25th store in our portfolio,” said Mark Goliger, CEO of NAC. “We’re encouraged by increases in available inventory in Alberta where we have an additional 18 licenses submitted and awaiting approval. We have the largest footprint of retail cannabis stores in the province of Alberta, and Canada as a whole, and we expect to maintain this position by continuing to aggressively pursue expansion opportunities in the early stage, and extremely high growth, cannabis industry.”
NAC is the national leader in retail cannabis. Currently operating in 3 provinces, NAC plans to open stores in British Columbia within 2019, and in Ontario within 2020. NAC’s experienced team of retail industry professionals is focussed 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:
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
November 21, 2018, National Access Cannabis becomes Canada’s largest private recreational cannabis retailer by store count, leading the country with 17 stores
About National Access Cannabis Corp.
NAC is Canada’s largest recreational cannabis retailer. With 25 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’snetwork 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
Related Links
www.NationalAccessCannabis.com
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