Press Releases

September 20, 2018
National Access Cannabis Corp. Announces Execution of Cannabis Retail Organization Agreement with the Province of Manitoba
NEWS PROVIDED BY
National Access Cannabis Corp.
Sep 20, 2018, 06:30 ET
 
  • Pursuant to the Cannabis Retail Organization Agreement NAC continues to develop 10 recreational cannabis stores in Manitoba with an additional 5 stores in partnership with Manitoban First Nations, all under the META™ brand.
  • The Company expects to open 8 locations in Manitoba by the end of the year, with plans to open the remaining corporate and First Nations locations in early 2019.

OTTAWA, Sept. 20, 2018 /CNW/ - National Access Cannabis Corp. ("NAC" or the "Company") (TSXV: META), Canada's best practices leader in delivering secure, safe, and responsible access to legal cannabis today announced that NAC and the government of Manitoba have executed the Cannabis Retail Organization Agreement ("Organization Agreement") that will allow NAC to develop and operate ten privately owned recreational cannabis stores in the Province. The initial ten recreational cannabis retail stores will operate under NAC's retail brand Meta Cannabis Supply Co.™ ("META"). NAC plans to open five additional META stores in partnership with First Nations on First Nations land.

"Now that the retailer relationship is official and with nine of our ten locations selected and construction underway at select sites, NAC plans to have at least three META stores in Winnipeg, as well as our online sales, ready and open for business on October 17th," said Mark Goliger, CEO of NAC. "NAC continues to actively work with the various regulators, provincial and municipal governments to meet the needs of recreational customers and provide Manitobans with special in-store experiences and access to quality products with a range of options and pricing."

In addition, as part of NAC anticipating opening of up to 220 retail cannabis locations across Canada over the next 18 months, the Company continues to develop its retail strategy to open cannabis retail locations in partnership with four Manitoban Indigenous First Nations (Opaskwayak Cree Nation, Long Plain First Nation, Brokenhead Ojibway Nation and Nisichawayasihk Cree Nation). These partnerships are expected to establish retail cannabis distribution on First Nation lands under Indigenous and NAC leadership.

Previous announcements regarding NAC's Manitoba expansion may be found through the following links:

July 3, 2018 – https://www.newswire.ca/news-releases/national-access-cannabis-corp-provides-update-on-manitoba-retail-network-687201161.html

February 16, 2018 – https://www.newswire.ca/news-releases/national-access-cannabis-announces-successful-response-to-manitoba-private-cannabis-industry-rfp-674275713.html

About National Access Cannabis Corp.

NAC is Canada's best practices leader in delivering secure, safe, and responsible access to legal cannabis. Through its Canada-wide network of care centres, pharmacies, NAC Bio Inc.'s clinical research division, NewLeaf recreational cannabis retail stores and Meta Cannabis Supply Co.™ 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 more information, visit www.nationalaccesscannabis.com, www.nacbio.com, www.metacannabis.com and www.newleafcannabis.ca

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 additional licences granted by the Government of Manitoba to retail cannabis, the opening dates of NAC retail locations and the number of NAC retail locations expected to open. 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 may differ materially from those that are currently contemplated by these statements depending on, among other things, risks relating to the ability to obtain or maintain licenses to retail cannabis products; future legislative and regulatory developments involving cannabis; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; the labour market generally and the ability to access, hire and retain employees; and the medical and potential 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.

For further information: National Access Cannabis Corp., Mark Goliger, Chief Executive Officer, 1-800-411-1126, Info@nationalaccesscannabis.com; Investor Relations, Emily Gibbs, LodeRock Advisors Inc., 416-546-8775, emily.gibbs@loderockadvisors.com; Media Inquiries, Jessica Patriquin, Maverick PR, O 416-640-5525 x 230, M 416-995-8496, jessicap@wearemaverick.com
September 10, 2018
National Access Cannabis Exercises Option to Acquire 100% of Alberta-Based The Green Company Ltd. and Announces Changes to Board of Directors
NEWS PROVIDED BY
National Access Cannabis Corp.
Sep 10, 2018, 07:30 ET

With 17 locations currently under construction and 25 retail applications submitted in Alberta, The Green Company Ltd. extends META's robust footprint in Alberta's retail cannabis industry

OTTAWA, Sept. 10, 2018 /CNW/ - National Access Cannabis Corp. ("NAC" or the "Company") (TSXV: META), Canada's best practices leader in delivering secure, safe, and responsible access to legal cannabis today announced it exercised an option to acquire all of the shares of The Green Company Ltd. ("NewLeaf") not already owned by NAC for $23,582,000 shares in escrow and $5,895,500 cash (the "Acquisition") pursuant to the terms of an option agreement between the Company, NewLeaf and all of the shareholders of NewLeaf (the "Option"). To facilitate a timely closing, the parties to the Option also entered into an addendum and amending agreement dated September 10, 2018. The Acquisition is subject to customary closing conditions and is expected to close prior to the end of the business day on September 10th, 2018. The proceeds of the Acquisition will be placed in escrow and will be paid to the former NewLeaf shareholders as cannabis retail licences are granted to NewLeaf, or, returned to NAC.

NewLeaf has submitted 25 cannabis retail license applications for locations in Alberta, with 20 development permits granted and with five more development permits expected. Currently, 17 NewLeaf retail cannabis locations are under construction in Alberta with a target opening date of October 17, 2018, subject to regulatory approvals. NAC will continue to operate these locations under the NewLeaf brand, keeping regional management teams intact. The Acquisition allows NAC to increase its retail presence and offer a second brand choice for cannabis customers, above and beyond the Meta Cannabis Supply Co. brand and retail footprint planned for Manitoba, Saskatchewan, Alberta, British Columbia and Ontario (pending license approvals).

"This is a transformational transaction for NAC," said Mark Goliger, CEO of NAC. "NewLeaf has proactively secured high quality store locations and first mover advantage, with 17 stores expected to be ready for October 17th, while simultaneously developing a well-known brand name in the region. The core values of our companies are strongly aligned in educating interested Canadians about legal cannabis products while delivering secure, safe, and responsible access. This acquisition helps to maximize NAC's retail footprint opportunity across Alberta, helping NAC reach the maximum permitted number of Alberta store fronts under Provincial regulations."

Mr. Goliger added: "In addition to this transaction, NAC continues to evaluate locations with our strategic partnership with The Second Cup Ltd. and apply for retail cannabis licenses across Western Canada to operate retail cannabis stores under the Meta Cannabis Supply Co. brand."

Board of Director Changes

The Company also announced today that the Board of Directors has appointed Marc Lustig as Chairman, effective immediately. Chuck Rifici has resigned as Chairman of the Company's Board of Directors.

The advice and counsel that Mr. Lustig has provided to NAC management on key strategic initiatives during his tenure has contributed to the Company's continued success and growth. He has been a successful cannabis entrepreneur as the Founder of CannaRoyalty Corp, which followed an extensive 15-year career in capital markets.

Mark Goliger, the CEO of National Access Cannabis, also joins the Board of Directors.

"NAC continues to take steps to maximize its allowable cannabis retail footprint with the META stores and now its acquisition of NewLeaf," said Chuck Rifici. "This creates a potential conflict of interest for me with other business ventures, so I have decided to step down as Chairman of NAC at this time. I remain the largest shareholder of NAC and I believe the company is well positioned to become Canada's largest cannabis retailer. I would also like to congratulate Marc in his new role as Chairman and look forward to NAC's continued success."

About National Access Cannabis Corp.

NAC is Canada's best practices leader in delivering secure, safe, and responsible access to legal cannabis. Through its Canada-wide network of care centres, pharmacies, NAC Bio's clinical research division, and Meta Cannabis Supply Co.™ 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 more information,
visit www.nationalaccesscannabis.com and www.nacbio.com and www.metacannabis.com

About NewLeaf Cannabis

NewLeaf has committed to being stewards of authentic relationships through education and contribution to their communities. The company has actively contributed to its communities through volunteer initiatives and donations to community projects.

NewLeaf Cannabis' mission is to change negative attitudes towards cannabis and its retailers with services focused on education and appropriate-fit product recommendations. NewLeaf follows an educational approach and maintains a strong commitment to safety, proactive communication and community engagement at their convenient, suburban-based Alberta locations. Currently, 17 proposed retail cannabis store locations are under construction and NewLeaf has submitted 25 license applications for locations across Alberta; including Calgary, Edmonton, Leduc, St. Albert, Airdrie, Lethbridge and Medicine Hat. For more information about NewLeaf Cannabis, please visit www.newleafcannabis.ca

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, statements concerning the continued operation of NewLeaf retail locations, keeping regional NewLeaf management teams intact, planned growth of the retail footprint for the Meta Cannabis Supply Co. brand, the anticipated opening dates of NewLeaf retail locations, conversion of The Second Cup Ltd. cafes into NAC operated cannabis retail stores under the Meta Cannabis Supply Co. brand, the Company's plans to apply for retail cannabis licenses across western Canada, the Company's position as a cannabis retailer within Canada. 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 may differ materially from those that are currently contemplated by these statements depending on, among other things, risks relating to the ability to obtain or maintain licenses to retail cannabis products; future legislative and regulatory developments involving cannabis; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; the labour market generally and the ability to access, hire and retain employees; and the medical and potential 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.

For further information: National Access Cannabis Corp.: Mark Goliger, Chief Executive Officer, 1-800-411-1126, Info@NationalAccessCannabis.com; Investor Relations: Emily Gibbs, LodeRock Advisors Inc., 416-546-8775, emily.gibbs@loderockadvisors.com; Media Inquiries: Jessica Patriquin, Maverick PR, O 416-640-5525 x 230, M 416-995-8496, jessicap@wearemaverick.com
 
July 20, 2018
National Access Cannabis Corp. Announces $35 Million Loan Agreement with Opaskwayak Cree Nation
NEWS PROVIDED BY
National Access Cannabis Corp.
Jul 20, 2018, 08:43 ET


OTTAWA, July 20, 2018 /CNW/ - National Access Cannabis Corp. ("NAC" or the "Company") (TSX VENTURE: META) today announced that it has entered into a loan agreement and connected collateral documents with Opaskwayak Cree Nation ("OCN") in respect of a secured loan, pursuant to which OCN will lend up to $35,000,000 to NAC (the "Loan"). The Company plans to use the proceeds from the Loan to build-out up to 50-70 cannabis retail locations across Western Canada in 2018 under NAC's retail brand Meta Cannabis Supply Co.™ ("META"), as well as for working capital purposes. META stores are currently under construction in Manitoba.

"This financing enables NAC to fund the build-out of its recreational cannabis retail locations across Western Canada, in order to open in time for cannabis retail legalization on October 17th and capture market share throughout the end of 2018," said Mark Goliger, Chief Executive Officer of NAC. "With the shift to a recreational cannabis legal framework, it is imperative that NAC has a strong retail footprint established and fully operational by October 17th. OCN, one of NAC's shareholders, understands the importance of this timeline and have supported us by extending the capital necessary to start immediate build-out. NAC forecasts that the Loan will enable NAC to build out up to 100 cannabis retail locations over time, with an initial target of 50-70 stores under development in 2018."

"OCN has always believed in and supported the vision of NAC," said Onekanew Christian Sinclair, Onekanew of OCN. "We invested when NAC went public over a year ago, which was a pivotal moment for NAC and for OCN. This was an aggressive move for a First Nation, making a material investment in a cannabis company.  What we saw then is the same as we see now, that we believe there is potentially more margin in retail than in other parts of the industry value chain. We believe that this financing allows NAC to take advantage of another pivotal moment and build a dominant footprint of cannabis retail operations."

The Loan has a six month term and carries an interest rate of 10% per annum. Additionally, OCN will receive a commitment fee of $1,600,000 to $3,000,000, depending on repayment circumstances. It is anctipated that the funding of the Loan will be completed within the next several business days.

About National Access Cannabis

National Access Cannabis is Canada's best practices leader in delivering secure, safe, and responsible access to legal cannabis. Through its Canada-wide network of care centres, pharmacies, NAC Bio's clinical research division, and Meta Cannabis Supply Co.™ 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. National Access Cannabis Corp. is listed on the TSX Venture Exchange under the symbol (TSXV: META). For more information, visit www.nationalaccesscannabis.com and www.nacbio.com and www.metacannabis.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, statements concerning use of proceeds from the Loan, timing of funding for the Loan, funding for the build out of cannabis retail locations across Western Canada, the completion, operation or location of cannabis retail stores and the ability of NAC to obtain additional licences or maintain existing licenses to retail cannabis products. 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 may differ materially from those that are currently contemplated by these statements depending on, among other things, risks relating to the ability of the Company to repay the Loan based on sales, working capital and general economic, market or business conditions, future loan drawdowns being available to the Company when requested or at all, the ability to obtain or maintain licenses to retail cannabis products; future legislative and regulatory developments involving cannabis; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; and the medical and potential 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.

For further information: National Access Cannabis Corp., Mark Goliger, Chief Executive Officer, 1 (800) 411-1126, info@nationalaccesscannabis.com; Media Relations: Jessica Patriquin, Maverick, (416) 640-5525 x 230, jessicap@wearemaverick.com; Investor Relations: Jonathan Ross, CFA, LodeRock Advisors Inc., 416-283-0178, jon.ross@loderockadvisors.com

July 03, 2018
National Access Cannabis Corp. Provides Update on Manitoba Retail Network
NEWS PROVIDED BY
National Access Cannabis Corp.
Jul 03, 2018, 07:30 ET


NAC granted permission to build, develop and operate ten retail cannabis stores in Manitoba

OTTAWA, July 3, 2018 /CNW/ - National Access Cannabis Corp. ("NAC" or the "Company") (TSX VENTURE: META) today announced that the government of Manitoba has awarded the Company permission to operate ten privately owned retail cannabis stores, as well as an e-commerce platform, in the Province.

The initial ten recreational cannabis retail stores are planned to operate under NAC's retail brand Meta Cannabis Supply Co.™ ("META") and are expected to be located throughout the Province, including a planned four in Winnipeg, one in Brandon and five in smaller Manitoba municipalities. These premium stores will be built around a model of customer education, immersive retail environments, technology and quality cannabis and cannabis-related product offerings, with a balanced range of pricing and product lines.

Additionally, the Company continues to develop its retail strategy to open cannabis retail locations in partnership with five Manitoban Indigenous First Nations (Opaskwayak Cree Nation, Long Plain First Nation, Peguis First Nation, Brokenhead Ojibway Nation and Nisichawayasihk Cree Nation). These partnerships are expected to establish retail cannabis distribution on First Nation lands under Indigenous and NAC leadership.

"We are excited about NAC's future in Manitoba's recreational cannabis market and I look forward to providing updates as we work with the regulators to be awarded additional locations," said Mark Goliger, Chief Executive Officer of National Access Cannabis. "With NAC's history operating nationwide cannabis-focused medical clinics, close First Nations and Licensed Producer relationships, and our strong consideration for safety, security and harm reduction, NAC is well positioned to provide recreational customers with special in-store experiences in an environment where education and access to quality products with a range of options and pricing are our top priorities."

"First Nations have the opportunity to acquire licenses to operate legal retail cannabis stores on our land. As we have publicly announced previously, we look forward to working with NAC, and opening META stores at our partnership locations. These locations will be in addition to the ten corporate sites that NAC has received permission from the Manitoba government, creating a strong retail network of META stores in Indigenous communities," said Onekanew Christian Sinclair of the Opaskwayak Cree Nation, and director of National Access Cannabis.

NAC is working closely with the Province of Manitoba to obtain the necessary permits for the META stores and will announce chosen locations soon.

 About National Access Cannabis

National Access Cannabis is Canada's best practices leader in delivering secure, safe, and responsible access to legal cannabis. Through its Canada-wide network of care centres, pharmacies, NAC Bio's clinical research division, and Meta Cannabis Supply Co.™ 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. National Access Cannabis Corp. is listed on the TSX Venture Exchange under the symbol (TSXV: META). For more information, visit www.nationalaccesscannabis.com and www.nacbio.com and www.metacannabis.com

National Access Cannabis Corp. is listed on the TSX Venture Exchange under the symbol (TSXV: META).

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, statements concerning the completion, operation or location of cannabis retail stores and the ability of NAC to obtain additional licences or maintain existing licenses to retail cannabis products. 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 may differ materially from those that are currently contemplated by these statements depending on, among other things, risks relating to the ability to obtain or maintain licenses to retail cannabis products; future legislative and regulatory developments involving cannabis; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; and the medical and potential 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.

For further information: National Access Cannabis Corp., Mark Goliger, Chief Executive Officer, 1 (800) 411-1126, info@nationalaccesscannabis.com; Media Relations, Matt Ryan, VP, Marketing, (647) 633-9330,matt.ryan@nationalaccesscannabis.com; Investor Relations, Jonathan Ross, CFA, LodeRock Advisors Inc., 416-283-0178, jon.ross@loderockadvisors.com

May 18, 2018
National Access Cannabis Announces Stock Symbol Change to "META"
NEWS PROVIDED BY
National Access Cannabis Corp.
May 18, 2018, 08:15 ET


OTTAWA, May 18, 2018 /CNW/ - National Access Cannabis Corp. ("NAC" or the "Company") (TSXV: META), Canada's best practices leader in delivering secure, safe, and responsible access to legal cannabis today announced that effective the market open on May 17, 2018, NAC's trading symbol on the TSX Venture Exchange has changed from "NAC" to "META".  

No action is required to be taken by current shareholders in connection with the change, and no change has been made to NAC's share capital.  There is no change in the company's name, no change in its CUSIP number and no consolidation of capital. The Company is classified as an 'Industrial' company.

About National Access Cannabis

National Access Cannabis is Canada's best practices leader in delivering secure, safe, and responsible access to legal cannabis. Through its Canada-wide network of care centres and retail locations, NAC enables patients and the public to gain knowledge and access to Canada's disparate network of authorized Licensed Producers of Cannabis. NAC improves the quality of life of its local clients and provides services designed to inform, educate and supply expert advice.

For more information, visit www.nationalaccesscannabis.com or refer to the Company's profile on the SEDAR website at www.sedar.com.

SOURCE National Access Cannabis Corp.

For further information: National Access Cannabis Corp., Mark Goliger, Chief Executive Officer, 1 (800) 411-1126, Info@NationalAccessCannabis.com; Investor Relations, Robert Kelly, LodeRock Advisors Inc., (416) 992-4539, rob.kelly@loderockadvisors.com

May 18, 2018
National Access Cannabis Announces $7 Million Secured Loan and $1.85 Million Convertible Debenture Investment into The Green Company Ltd.

NEWS PROVIDED BY
National Access Cannabis Corp.
May 28, 2018, 07:30 ET



With two locations under construction and 22 retail applications submitted in Alberta, The Green Company Ltd. is set to establish itself in Alberta's retail cannabis industry

OTTAWA, May 28, 2018 /CNW/ - National Access Cannabis Corp. ("NAC" or the "Company") (TSXV: META), Canada's best practices leader in delivering secure, safe, and responsible access to legal cannabis today announced that it has provided up to a $7 million secured loan to The Green Company Ltd. ("NewLeaf") and has subscribed for a $1.85 million5.45% secured convertible debenture (the "Convertible Debenture") of NewLeaf. The principal amount of the Convertible Debenture may be converted into common shares of NewLeaf at any time at NAC's option until May 25, 2020 subject to receiving all applicable regulatory approvals. Should NAC elect to convert the Convertible Debenture, NAC would hold 9.9% of NewLeaf's outstanding common shares. The Loan has been extended to NewLeaf for the capital expenditure required to build out recreational cannabis retail stores in the province of Alberta and the proceeds of the Loan will be lent over time if cannabis retail licences are granted to NewLeaf. The Loan bears interest at 6.45% per annum (the "Loan") and is due on or before May 25, 2020.

Currently, two proposed NewLeaf retail cannabis locations are under construction and NewLeaf has submitted 22 cannabis retail license applications for locations in Alberta.

"We are excited to work with the team at NewLeaf to support the ongoing development of their impressive portfolio of real estate assets across Alberta through the Convertible Debenture," said Mark Goliger, CEO of NAC. "NewLeaf has proactively secured high quality potential store locations while simultaneously developing a well-known brand name in the region. The core values of our companies are strongly aligned in educating interested Canadians about legal cannabis products while delivering secure, safe, and responsible access."

Mr. Goliger added: "Notwithstanding this investment, NAC and its affiliates continue to apply for retail cannabis licenses in Alberta and across Western Canada to operate retail cannabis stores under the Meta Cannabis Supply Co. brand."

NewLeaf's CEO Jon Conquergood stated, "NAC's reputation for connecting those seeking the many benefits of responsible cannabis consumption aligns well with our desire to provide education-driven, needs-based sales to the communities we serve. Their financial investment further secures our ability to successfully deliver on the promises we've made to-date."

About National Access Cannabis

National Access Cannabis is Canada's best practices leader in delivering secure, safe, and responsible access to legal cannabis. Through its Canada-wide network of care centres and retail locations, NAC enables patients and the public to gain knowledge and access to Canada's disparate network of authorized Licensed Producers of Cannabis. NAC improves the quality of life of its local clients and provides services designed to inform, educate and supply expert advice.

For more information, visit www.nationalaccesscannabis.com or refer to the Company's profile on the SEDAR website at www.sedar.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, statements concerning the completion or operation of any cannabis retail locations, the ability to obtain, maintain or transfer licenses to retail cannabis products and future commitments of financing from NAC to NewLeaf. 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 may differ materially from those that are currently contemplated by these statements depending on, among other things, risks relating to the ability to obtain, maintain and/or transfer licenses to retail cannabis products; future legislative and regulatory developments involving cannabis; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; the medical and potential cannabis industry in Canadagenerally. 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.

For further information: National Access Cannabis Corp., Mark Goliger, Chief Executive Officer, 1 (800) 411-1126, Info@NationalAccessCannabis.com; Investor Relations, Robert Kelly, LodeRock Advisors Inc., (416) 992-4539, rob.kelly@loderockadvisors.com

May 15, 2018
NAC Launches Meta Cannabis Supply Co., a Premium Retail Cannabis Store Brand, for the Canadian Recreational Market

NEWS PROVIDED BY
National Access Cannabis Corp.
May 15, 2018, 07:05 ET



Meta to initially open prime retail locations across Western Canada, leveraging partnerships with Second Cup and Licensed Producers to provide premium consumer experiences

OTTAWA, May 15, 2018 /CNW/ - National Access Cannabis Corp. ("NAC" or the "Company") (TSX VENTURE: NAC), Canada'sbest practices leader in delivering secure, safe and responsible access to legal cannabis, today announced its new brand targeting the Canadian recreational cannabis market. Meta Cannabis Supply Co.™, or Meta™, is the Company's new innovative and premium recreational brand, which will open retail locations in select provinces as well as an e-shop on the Meta website. In addition to NAC's existing footprint of 11 coast-to-coast medical clinics and 40 pharmacies, it's new network of recreational cannabis dispensaries will initially grow across Western Canada, before expanding to include additional provinces where legally permissible.

Meta is dedicated to providing safe and responsible access to the legal recreational, adult-use cannabis market and has submitted applications for licences in metropolitan areas, rural areas in addition to aligning with First Nations for locations on Indigenous land. The premium stores will be built around a model of customer education, immersive retail environments, technology and quality cannabis and cannabis-related product offerings, with a balanced range of pricing and product lines. The brand position is based on health & wellness, inclusivity and positivity for a range of customers interested in cannabis products being a part of their lifestyle.

"Leveraging our deep knowledge of safety, security and harm reduction from our existing national network of medical cannabis clinics, NAC developed the Meta brand to appeal to health-conscious Canadians who embrace the benefits of quality cannabis products," said Mark Goliger, CEO of NAC. "With strong First Nations and Licensed Producer relationships in addition to our exciting strategic alliance with Second Cup in prime retail locations, NAC is set to develop a broad retail network across Western Canada. Meta will provide our recreational customers with exceptional in store experiences in an environment where education and access to quality products are our top priorities."

"We've built the Meta brand around an essential brand message of "Life Uplifted", fostering a cannabis culture focused on a lifestyle enhanced through positivity," said Matt Ryan, NAC VP of Marketing. "Ultimately this means we want to embed a premium experience in everything we do, including the quality of our products, innovation of our store design, complementary technology, service and enriching our customers to feel welcome in our stores and community."

NAC has developed its Meta retail and digital platform to rethink how cannabis retail and e-commerce consumers will behave and purchase in both the retail and online environments while implementing innovation to drive customer satisfaction and brand loyalty. The initial store concept designs show a strategic placement of consumer education, in-store technology, merchandising and POS which will aid in the customer experience in a retail environment. Meta retail stores and the Meta e-shop will be carrying leading cannabis products, including products supplied by CannaRoyalty Corp. (CSE: CRZ) (OTCQX: CNNRF), and Tilray.

As the company previously announced, it has established a strategic alliance with The Second Cup Ltd. ("Second Cup") (TSX:SCU), Canada's second-largest retailer of speciality coffee, to develop and operate a network of Meta recreational cannabis dispensaries across Western Canada, expanding to include additional provinces where legally permissible. NAC will apply for licenses to dispense cannabis products and upon receipt, work with Second Cup and applicable franchisees to leverage Second Cup's extensive Canadian retail footprint to construct retail stores carrying leading cannabis products. Conversion of any Second Cup café to a Meta Cannabis Supply Co. branded and NAC operated recreational cannabis dispensary is conditional upon obtaining a retail license from provincial regulators and the approval of Second Cup and the applicable franchisee and landlord.

In February 2018, NAC was successfully awarded one of four licenses by the government of Manitoba to operate privately owned retail cannabis stores in the Province, conditional upon several factors as outlined in the Province's November 2017 Request for Proposals ("RFP"). Under the terms of the Retail Organization Agreement with the Manitoba Provincial Government, NAC will be permitted to build, develop and operate Meta Cannabis Supply Co. stores in approved municipalities in the Province. The number of Meta locations remains subject to ongoing discussion with the Province. In support of the Company's retail strategy in Manitoba, NAC intends to leverage the Limited Partnership Agreements (the "Agreements") signed with five Manitoban Indigenous First Nations. Under the terms of the Agreements, each of the Opaskwayak Cree Nation, Long Plain First Nation, Peguis First Nation, Nisichawayasihk Cree Nation and Brokenhead Ojibway Nation have partnered with NAC to establish a retail recreational cannabis distribution network in Manitoba, when legally permissible to do so.

For more Meta Cannabis Supply Co. news, follow @metasupplyco on InstagramTwitterFacebook and Meta Supply Co. on YouTube.

metacannabis.com           

About National Access Cannabis

National Access Cannabis is Canada's best practices leader in delivering secure, safe, and responsible access to legal cannabis. Through its Canada-wide network of care centres, NAC enables patients and the public to gain knowledge and access to Canada's network of authorized Licensed Producers of Cannabis. National Access Cannabis Corp. is listed on the TSX Venture Exchange under the symbol (TSXV: NAC). For more information, visit www.nationalaccesscannabis.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, statements concerning future developments, including the strategic alliance between the Company and Second Cup, the Company's plans to open additional retail locations and an e-commerce website. 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 it 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 could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, risks associated with general economic conditions; failure to obtain licenses to dispense cannabis products; failure to obtain the consent of applicable landlords and franchisees to the conversion of Second Cup cafés into recreational cannabis dispensaries; regulatory resistance in certain provinces to opening privately owned and operated recreational cannabis dispensaries; adverse industry events; marketing costs; loss of markets; future legislative and regulatory developments involving cannabis; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; the medical and potential cannabis industry in Canada generally; income tax and regulatory matters; the ability of the Company and/or Second Cup to implement their business strategies; competition; crop failure; currency and interest rate fluctuations; and other risks.The Company cautions that the foregoing list of risks and uncertainties is not exhaustive.

In addition, the reader is cautioned that historical results are not necessarily indicative of future performance. The forward-looking statements and information contained in this news release are made as of the date hereof 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.

For further information: National Access Cannabis Corp., Mark Goliger, Chief Executive Officer, 1 (800) 411-1126, Info@NationalAccessCannabis.com; Media Relations, Colin Trethewey, PRmediaNow Communications, (813) 480-1354, Colin@PRmediaNow.com; Investor Relations, Robert Kelly, LodeRock Advisors Inc., (416) 992-4539, rob.kelly@loderockadvisors.com

April 15, 2018
National Access Cannabis and Second Cup announce updated plans to build retail META stores across Ontario
NEWS PROVIDED BY
National Access Cannabis Corp.
Aug 15, 2018, 17:31 ET


OTTAWA, Aug. 15, 2018 /CNW/ - National Access Cannabis Corp. ("NAC" or the "Company") (TSX VENTURE: META), Canada's best practices leader in delivering safe and responsible access to legal cannabis, and The Second Cup Ltd. ("Second Cup") (TSX:SCU), Canada's second-largest retailer of specialty coffee, today announced an update to their national strategic alliance in response to the Ontario government's announcement to roll out a private retail cannabis model starting April 1, 2019.

NAC and Second Cup originally announced their strategic alliance in April 2018, through which the two companies will develop a network of NAC-branded and operated recreational cannabis stores in provinces where legally permissible.

Based on the Ontario government's announcement earlier this week, NAC and Second Cup have begun actively reviewing potential Second Cup locations in the province for conversion to NAC-operated cannabis retail stores, under the brand and banner Meta Cannabis Supply Co.™ (aka META).

There are more than 130 Second Cup locations across Ontario, with a significant number of sites in high-traffic, densely populated municipalities, including Ottawa and Toronto. As more details become available through legislation, the companies will continue to assess locations for Ontario retail opportunities. Conversion of any Second Cup café to a META recreational cannabis store will be conditional on obtaining a retail license from provincial regulators and the approval of Second Cup and the applicable franchisee and landlord. 

"The recent provincial announcement for private cannabis retail in Ontario provides an opportunity to enhance the national plans we have with Second Cup to build and operate private retail stores in Ontario under our new and exciting META brand," said Mark Goliger, Chief Executive Officer of National Access Cannabis. "Second Cup has exceptional quality real estate in locations throughout Ontario and we plan to leverage this to provide safe and responsible access to legal cannabis. Our alliance is the perfect fit for the province, and we hope to join the Ontario government in its consultations and provide a retail environment that supports the primary goal of public safety."

"Our strategic alliance with National Access Cannabis allows Second Cup to leverage our real estate assets to increase value for our franchisee partners and our shareholders while maintaining focus on our primary objective of being the specialty coffee brand of choice across Canada," said Garry Macdonald, Second Cup's President & CEO. "NAC has developed a strong reputation as a leading operator in the cannabis industry and the opportunity to activate our partnership in Ontario, Second Cup's largest region, is a strong growth opportunity for our two businesses."

In addition to the opportunity in Ontario, NAC's META retail brand is targeting 2018 openings of 50-70 retail stores in the western provinces of Manitoba (where it was awarded one of only four licences through a provincial RFP process), Alberta and British Columbia, and is currently recruiting up to 700 employees to be trained for Canada's retail launch which is expected to begin on October 17, 2018.

About National Access Cannabis

National Access Cannabis is Canada's best practices leader in delivering secure, safe, and responsible access to legal cannabis. Through its Canada-wide network of care centres, pharmacies, NAC Bio's clinical research division, and Meta Cannabis Supply Co.™ 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. National Access Cannabis Corp. is listed on the TSX Venture Exchange under the symbol (TSXV: META). For more information, visit www.nationalaccesscannabis.com and www.nacbio.com and www.metacannabis.com

About Second Cup Coffee Co.

Founded in 1975, The Second Cup Ltd. is a Canadian specialty coffee retailer operating franchised and company owned cafes across Canada. The company's vision is to be the Canadian specialty coffee brand of choice across Canada, committed to superior quality, innovation and profitable growth.  For more information, please visit www.secondcup.com or find the company on Facebook and Twitter.

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, statements concerning the conversion of Second Cup cafes to NAC operated cannabis retail stores under the META brand, participation in consultations with the Ontario government regarding Ontario'sprovision retail cannabis environment, the build out of cannabis retail locations across western Canada, the completion, operation or location of cannabis retail stores, the recruitment of NAC employees and the ability of NAC to obtain additional licenses or maintain existing licenses to retail cannabis products. 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 may differ materially from those that are currently contemplated by these statements depending on, among other things, risks relating to the ability to obtain or maintain licenses to retail cannabis products; future legislative and regulatory developments involving cannabis; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; the labour market generally and the ability to access, hire and retain employees; and the medical and potential 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.

For further information: National Access Cannabis Corp., Mark Goliger, Chief Executive Officer, 1-800-411-1126, Info@NationalAccessCannabis.com; Investor Relations, Emily Gibbs, LodeRock Advisors Inc., 416-546-8775, emily.gibbs@loderockadvisors.com; Media Inquiries, Alex Cerelli, Maverick PR, 416-640-5525 x 238, Mobile (905) 864-5530, alexc@wearemaverick.com

April 12, 2018
NAC and Second Cup Establish Strategic Alliance to Operate Recreational Cannabis Dispensaries and Lounges
NEWS PROVIDED BY
National Access Cannabis Corp.
Apr 12, 2018, 07:00 ET



OTTAWA, April 12, 2018 /CNW/ - National Access Cannabis Corp. ("NAC" or the "Company") (TSX VENTURE: NAC), Canada'sbest practices leader in delivering secure, safe and responsible access to legal cannabis, and The Second Cup Ltd. ("Second Cup") (TSX:SCU), Canada's second-largest retailer of speciality coffee, today announced that they have established a strategic alliance to develop and operate a network of NAC-branded recreational cannabis dispensaries initially across Western Canada, expanding to include additional provinces where legally permissible. NAC will apply for licenses to dispense cannabis products and upon receipt, work with Second Cup and applicable franchisees to leverage Second Cup's extensive Canadian retail footprint to construct retail stores carrying leading cannabis products, including products supplied by CannaRoyalty Corp. (CSE: CRZ) (OTCQX: CNNRF) ("CannaRoyalty"), California's largest legal distributor of cannabis products. Conversion of any Second Cup café to an NAC-branded recreational cannabis dispensary will be conditional on obtaining a retail license from provincial regulators and the approval of Second Cup and the applicable franchisee and landlord.

"With exceptional quality real estate located across Canada, our alliance with Second Cup will offer consumers access to quality cannabis products and the superior service in the comfortable setting they've come to expect from NAC," said Mark Goliger, Chief Executive Officer of National Access Cannabis. "This relationship allows us to quickly expand our footprint in proven high-traffic retail locations across Canada. With an initial focus on Western Canada, we'll look to work with Second Cup to license select storefronts, utilizing our proven business model to deliver secure, safe, and responsible access."

"NAC has developed a strong reputation as a leading operator in the cannabis industry. This strategic relationship provides Second Cup with a great opportunity to leverage our select real estate assets to increase value for shareholders and franchisee partners. At the same time, we remain focused on growing our Second Cup brand and sales through continued product innovation and expanding our network across Canada," said Garry Macdonald, Second Cup's President & CEO.

In consideration of Second Cup agreeing to enter into this strategic alliance, NAC has issued to Second Cup warrants to purchase an aggregate of 5,000,000 common shares of the Company. The warrants have an exercise price of $0.91 per common share and expire on April 12, 2023. The issuance of the warrants remains subject to requisite regulatory approval, including the approval of the TSX Venture Exchange.               

About National Access Cannabis

National Access Cannabis is Canada's best practices leader in delivering secure, safe, and responsible access to legal cannabis. Through its Canada-wide network of care centres, NAC enables patients and the public to gain knowledge and access to Canada's network of authorized Licensed Producers of Cannabis. National Access Cannabis Corp. is listed on the TSX Venture Exchange under the symbol (TSXV: NAC). For more information, visit www.nationalaccesscannabis.com

About Second Cup Coffee Co.™

Founded in 1975, The Second Cup Ltd. is a Canadian specialty coffee retailer operating franchised and company owned cafes across Canada. The company's vision is to be the Canadian specialty coffee brand of choice across Canada, committed to superior quality, innovation and profitable growth.  For more information, please visit www.secondcup.com or find the company on Facebook and Twitter.

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, statements concerning future developments, including the development of a strategic alliance between the Company and Second Cup, the Company's plans to expand its business relationship with CannaRoyalty, the application for licenses to dispense cannabis products and the conversion of select Second Cup cafes into recreational cannabis dispensaries. Although the Company and Second Cup believe 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 neither the Company nor Second Cup can 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 could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, risks associated with general economic conditions; failure to obtain inability to licenses to dispense cannabis products; failure to obtain the consent of applicable landlords and franchisees to the conversion of Second Cup cafés into recreational cannabis dispensaries; regulatory resistance in certain provinces to opening privately owned and operated recreational cannabis dispensaries; adverse industry events; marketing costs; loss of markets; future legislative and regulatory developments involving cannabis; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; the medical and potential cannabis industry in Canada generally; income tax and regulatory matters; the ability of the Company and/or Second Cup to implement their business strategies; competition; crop failure; currency and interest rate fluctuations; and other risks. The Company and Second Cup caution that the foregoing list of risks and uncertainties is not exhaustive.

In addition, the reader is cautioned that historical results are not necessarily indicative of future performance. The forward-looking statements and information contained in this news release are made as of the date hereof and neither the Company nor Second Cup undertakes any 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.

 

For further information: National Access Cannabis Corp., Mark Goliger, Chief Executive Officer, 1 (800) 411-1126, Info@NationalAccessCannabis.com; Investor Relations, Robert Kelly, LodeRock Advisors Inc., (416) 992-4539, rob.kelly@loderockadvisors.com; National Access Cannabis Media Inquiries: Colin Trethewey, PRmediaNow Communications, Colin@PRmediaNow.com, 813.480.1354

February 16, 2018
National Access Cannabis Announces Successful Response to Manitoba Private Cannabis Industry RFP
NEWS PROVIDED BY
National Access Cannabis Corp.
Feb 16, 2018, 07:00 ET


NAC expected to open a network of retail cannabis stores in Manitoba by Q3 2018 

OTTAWA, Feb. 16, 2018 /CNW/ - National Access Cannabis Corp. ("NAC" or the "Company") (TSX VENTURE: NAC), Canada'sbest practices leader in delivering secure, safe and responsible access to legal cannabis, today announced that the government of Manitoba has chosen the Company as one of four recipients of licenses to operate privately owned retail cannabis stores in the Province, conditional upon several factors, including completing necessary agreements and providing the required documentation as outlined in the Province's November 2017 Request for Proposals ("RFP"). Under the terms of the Retail Organization Agreement with the Manitoba Provincial Government, NAC will be permitted to build, develop and operate in approved municipalities in the Province. The number of locations remains subject to ongoing discussion with the Province.

"With our history in successfully operating nationwide medical cannabis clinics, strong First Nations and Licensed Producer relationships, combined with our deep knowledge of safety, security and harm reduction, NAC is perfectly suited to exceed Manitoba's current and future cannabis retail regulatory requirements," said Mark Goliger, Chief Executive Officer of NAC. "With the Province's decision today, Manitobans will have responsible, secure access to recreational marijuana once legalization occurs. We'd like to thank the team at Cannabis Compliance Inc. for their assistance in executing this successful RFP. We're excited about our company's future in recreational marijuana distribution and I look forward to providing you with updates as we develop these new locations."

NAC intends to deepen its relationships with CannaRoyalty Corp. (CSE: CRZ) (OTCQX: CNNRF), Cannabis Wheaton Income Corp. (TSX VENTURE: CBW), and Tilray, as it builds and develops a network of recreational cannabis stores in Manitoba in advance of the anticipated summer 2018 legalization of recreational marijuana in Canada.

About National Access Cannabis

National Access Cannabis is Canada's best practices leader in delivering secure, safe, and responsible access to legal cannabis. Through its Canada-wide network of care centres, NAC enables patients and the public to gain knowledge and access to Canada's network of authorized Licensed Producers of Cannabis.

nationalaccesscannabis.com

National Access Cannabis Corp. is listed on the TSX Venture Exchange under the symbol (TSXV: NAC).

Cautionary Statements

This news release contains "forward-looking information" within the meaning of applicable securities laws relating to the expected timing of NAC opening retail cannabis stores in Manitoba, the completion of the conditions and documentation outlined in the RFP including the execution of necessary agreements, legalization of recreational cannabis in Canada and future cannabis regulatory retail requirements. Although the Corporation believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Corporation can give no assurance that they will prove to be correct. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those that are currently contemplated by these statements depending on, among other things, the risks and failure to obtain distribution and operating licenses from applicable regulatory authorities. The Corporation undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of the Corporation, its securities, or its financial or operating results (as applicable). The statements in this news release are made as of the date of this release.

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.

For further information: National Access Cannabis Corp., Mark Goliger, Chief Executive Officer, 1 (800) 411-1126, Info@NationalAccessCannabis.com; Media Relations, Matt Ryan, VP, Marketing, (647) 633-9330, matt.ryan@NationalAccessCannabis.com; Investor Relations, Robert Kelly, LodeRock Advisors Inc., (416) 992-4539, rob.kelly@loderockadvisors.com

December 12, 2017
National Access Cannabis adds Christopher Kane as new Chief Operating Officer
Retail Operations veteran to assist NAC as it expands its Canadian footprint.

OTTAWA, Dec. 12, 2017 /CNW/ - National Access Cannabis Corp. ("NAC" or the "Company") (TSX VENTURE: NAC), Canada's best practices leader in delivering secure, safe, and responsible access to legal medical cannabis today announced that Christopher Kane has joined the Company as its Chief Operating Officer. Mr. Kane will be responsible for overseeing NAC's day-to-day operations, advancing its future retail operations, as well as implementing the Company's long-term business strategy.

"Chris brings a diverse background in both Canadian Retail and Pharmaceutical operations to our team at a pivotal stage of our growth," said Mark Goliger, Chief Executive Officer of National Access Cannabis. "Importantly, his deep knowledge and experience in the security protocols required to responsibly manage controlled substances for the pharmaceutical industry will be particularly relevant as we pursue a potential retail distribution model."

"Our commitment to providing safe and responsible access to legal cannabis extends to the potential retail operations that we may operate, and implementing the procedures early in the development of these new locations will be key to their success," said Christopher Kane, Chief Operating Officer of National Access Cannabis. "I look forward to working with the entire management team as we continue to expand NAC's network of clinics across the country to better serve our growing base of members."

Mr. Kane comes to NAC with more than three decades of leadership experience in Retail Operations, Category Management, Merchandising, Pharmacy, Logistics, Marketing and Business Development having previously held senior roles at Sobeys, Katz Group Canada Ltd (Rexall Pharma Plus / IDA and Guardian Pharmacies) and McKesson, where he was most recently the SVP of Operations and Strategy - Drug Trading Ltd. (a division of Katz Group Canada Ltd.). He holds a Bachelor of Arts in Economics & Psychology as well as a Business Management Studies Diploma from Wilfrid Laurier University.

Christopher Kane's appointment as Chief Operating Officer is subject to approval by the TSX Venture Exchange Inc.

About National Access Cannabis

National Access Cannabis is Canada's best practices leader in delivering secure, safe, and responsible access to legal medical cannabis. NAC enables patients to gain knowledge and the legal medical documentation required to navigate Canada's disparate network of authorized Licensed Producers of Cannabis. Through its Canada-wide network of care centres, NAC has partnered with health professionals to improve the quality of life of its local members and provide services designed to inform, educate and supply expert advice.

nationalaccesscannabis.com

National Access Cannabis Corp. is listed on the TSX Venture Exchange under the symbol (TSXV: NAC).

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 (NAC)
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