- 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 /CNW/ - 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
Cautionary Statements
This news release contains forward-looking statements and
forward-looking information within the meaning of applicable
securities laws. The use of any of the words "expect",
"anticipate", "continue", "estimate", "objective", "ongoing",
"may", "will", "project", "should", "believe", "plans", "intends"
and similar expressions are intended to identify forward looking
statements or information. Forward-looking statements and
information in this news release includes, but is not limited to,
the number of NAC cannabis retail stores expected to open and/or
become licensed, the opening dates for NAC cannabis retail stores,
the location of NAC's cannabis retail stores and plans to make
applications for licences in Ontario once licensing opens up to more
private retailers. Although the Company believes that the
expectations and assumptions on which the forward-looking
statements and information are based are reasonable, undue reliance
should not be placed on the forward-looking statements and
information because the Company cannot give any assurance that they
will prove to be correct. Since forward-looking statements and
information address future events and conditions, by their very
nature they involve inherent risks and uncertainties. Actual
results and developments, including the number of NAC cannabis
retail stores expected to open, may differ materially from those
that are currently contemplated by these statements depending on,
among other things, risks relating to the AGLC reinstating its
moratorium, the ability to obtain or maintain licences to retail
cannabis products; future legislative and regulatory developments
involving cannabis including Ontario opening up licensing to more private
retailers; inability to access sufficient capital from internal and
external sources, and/or inability to access sufficient capital on
favourable terms; general business, economic, competitive,
political and social uncertainties; timing and completion of
construction of the Company's retail locations; the delay or
failure to receive regulatory approvals; the competitive conditions
of the cannabis industry; the competitive and business strategies
of the Company; the labour market generally and the ability to
access, hire and retain employees; and the recreational and medical
cannabis industry in Canada
generally. The Company cautions that the foregoing list of risks
and uncertainties is not exhaustive. The forward-looking statements
and information contained in this news release are made as of the
date hereof and the Company undertakes no obligation to update
publicly or revise any forward-looking statement or information,
whether as a result of new information, future events or otherwise,
unless so required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE National Access Cannabis Corp.