Press Releases

December 06, 2018
National Access Cannabis Corp. Provides Retail Sales and Corporate Update

NEWS PROVIDED BY
National Access Cannabis Corp.
Dec 06, 2018, 07:00 ET

  • NAC has achieved $3.95 million in cumulative sales in 50 days from retail cannabis operations.
  • The Company has 18 operational retail cannabis locations with the latest opening on December 3, 2018, inLethbridge, Alberta.
  • NAC will be compliant with Ontario licensing requirements. The Company is currently working both independently and through its partnership with Second Cup, with a goal of opening up to 75 Ontario locations starting on April 1, 2019, subject to applicable regulatory approvals.
  • The Company is already the largest private cannabis retailer in Canada by store count, according to provincial licensing statistics, and by December 31, 2018, expects to be larger by store count than any public or private operator.

TORONTO, Dec. 6, 2018 /CNW/ - National Access Cannabis Corp. ("NAC" or the "Company") (TSXV: META), a best practices leader in delivering secure, safe and responsible access to legal cannabis in Canada, today provided investors with a corporate and retail sales update.

The Company currently has 18 cannabis retail locations open in total, split as follows:

  • 14 NewLeaf Cannabis™ stores in Alberta
  • 4 Meta Cannabis Supply Co.™ stores in Manitoba

The Company achieved $3 million in cumulative sales in its first 43 days of retail operation and $3.95 million in its first 50 days. The average gross margin achieved over the first 50 days of operation of retail locations was over 30 per cent, with consumable cannabis making up 94 per cent of total sales. NAC is currently the largest private cannabis retail operator in the country and has plans to open up to 75 retail cannabis locations in Ontario over the next 18 months, subject to regulatory approval, along with continued growth in other areas of the country.

"I am very proud of our team for turning three years of retail medical experience and detailed preparation for the Canadian recreational market, into solid early financial results," said Mark Goliger, CEO of NAC. "We anticipate continued improvement in operations both as existing stores mature and as we continue to roll-out additional locations. In a marketing-constrained geography like Canada, we expect that cannabis retailers will have the best access to the customer and be well positioned to capitalize on the economic upside available in the value chain from seed to retail sale. With our growth plans over the next 12 months we expect to remain the largest private cannabis retailer in the country and to utilize both our scale and operational expertise to drive returns for our shareholders."

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

November 21, 2018, National Access Cannabis becomes Canada's largest private recreational cannabis retailer by store count, leading the country with 17 stores

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

April 12, 2018, NAC and Second Cup Establish Strategic Alliance to Operate Recreational Cannabis Dispensaries and Lounges

Ontario Recreational Cannabis Retail Update

The Company is currently working both independently under NAC's retail brand Meta Cannabis Supply Co. ("META") and through its partnership with The Second Cup Ltd. ("Second Cup"), to select up to 75 retail locations that it will move forward to develop as retail cannabis stores, subject to regulatory approvals. NAC expects to have applications submitted by the December 17, 2018 online application date and to begin opening Ontario locations on the April 1, 2019privatization date, subject to regulatory approvals.

"As Canada's largest and most experienced operator of private retail cannabis locations, the Ontario market is a core component of our go-forward strategy and we plan to be a dominant force in the province, just as we are in other regions," said Mark Goliger, CEO of NAC. "Our team has been planning for the announcement of the province's licensing requirements and as a result, we are well-advanced and prepared to open the maximum number of cannabis stores across the province. For shareholders, this is more than blanketing the province with retail locations; we are focused on leveraging our footprint into solid returns as we continue to grow."

"In a nascent market with many new entrants, NAC has a competitive advantage as the most experienced operator in the market today," added NAC COO, Christopher Kane. "We know what it takes to get stores compliant, open and performing financially, especially in shifting regulatory environments. Our team is ahead of the game, having already identified favourable municipalities and securing real estate leases throughout the province, both independently and in partnership with Second Cup. We are ready to build a leadership position in cannabis retail in Ontario."

On November 14, 2018, the Alcohol & Gaming Commission of Ontario ("AGCO") announced that retailers may apply to open a maximum of 75 locations in Ontario. National Access Cannabis will continue its strategy to pursue the maximum number of Ontario locations ensuring that it is onside any applicable regulatory requirements by December 17, 2018.

About National Access Cannabis Corp.
NAC is a best practices leader in delivering secure, safe, and responsible access to legal cannabis in Canada. Through its Canada-wide network of medical cannabis clinics, partner pharmacies, NAC Bio's clinical research division, Meta Cannabis Supply Co.™ and NewLeaf Cannabis™ 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.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 application for licenses to dispense cannabis products in Canada, the opening dates for NAC cannabis retail stores and the number of NAC cannabis retail stores expected to open and/or become licensed. 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; the ability of the Company to implement its business strategy; 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 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: Mark Goliger, Chief Executive Officer, National Access Cannabis, Phone: 647-689-6382, corporate@nationalaccesscannabis.com; Investor Relations: Emily Gibbs, LodeRock Advisors Inc., 416-546-8775, emily.gibbs@loderockadvisors.com; Media Inquiries: Jessica Patriquin, 416.640.5525 x 230, M 416.995.8496, jessicap@wearemaverick.com

December 03, 2018
National Access Cannabis Corp. Acquires 100% of NAC Northern Alberta GP and 100% of NAC Northern Alberta Limited Partnership and Grants Stock Options to Officer of the Company

NEWS PROVIDED BY
National Access Cannabis Corp.
Dec 03, 2018, 07:00 ET

  • NAC acquires 100% of NAC Northern Alberta GP and 100% of NAC Northern Alberta Limited Partnership from a minority partner
  • The Acquisition gives NAC 100% ownership of all existing and future META and NewLeaf retail cannabis locations in Northern Alberta

TORONTO, Dec. 3, 2018 /CNW/ - National Access Cannabis Corp. ("NAC" or the "Company") (TSXV: META), a best practices leader in delivering secure, safe, and responsible access to legal cannabis in Canada, today announced that it had acquired all of NAC Alberta Inc.'s minority interest in NAC Northern Alberta GP and NAC Northern Alberta Limited Partnership for the forgiveness of $192,702 of debt and the issuance of 2,173,913 common shares of NAC at a price of $0.69 per NAC common share (the "Acquisition").

"This Acquisition gives NAC 100% ownership of all cannabis locations in Northern Alberta, other than Second Cup locations, at an attractive valuation, and streamlines the Company's Alberta strategy in a highly prospective area of the province," said Mark Goliger, CEO of NAC. "We plan on having approximately 8 non-Second Cup locations in 2018-2019 in Northern Alberta and see the potential for a sizable footprint in Northern Alberta as we grow to over an estimated 200 retail cannabis locations across the country."

As part of an anticipated opening of up to 200 retail cannabis locations across Canada, the Company continues to develop its retail strategy in Alberta, targeting opening a total of 37 cannabis retail stores by the end of 2019.

National Access Cannabis Grants Stock Options to Officer of the Company
The Company also announces that it has granted stock options to purchase an aggregate of 75,000 common shares of the Company to an officer of NAC. The stock options have an exercise price of $0.61 per common share and expire five years from the date of grant. One-fifth of the options granted will vest immediately, with the remaining options granted vesting over the course of four installments, each installment vesting every three months following the date of grant.             

About National Access Cannabis Corp.
NAC is a best practices leader in delivering secure, safe, and responsible access to legal cannabis in Canada. Through its Canada-wide network of medical cannabis clinics, partner pharmacies, NAC Bio's clinical research division, Meta Cannabis Supply Co.™ and NewLeaf Cannabis™ 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.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 opening dates for NAC cannabis retail stores and the number of NAC cannabis retail stores expected to open and/or become licensed. 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: Mark Goliger, Chief Executive Officer, National Access Cannabis, Phone: 647-689-6382, corporate@nationalaccesscannabis.com; Investor Relations: Emily Gibbs, LodeRock Advisors Inc., 416-546-8775, emily.gibbs@loderockadvisors.com; Media Inquiries: Jessica Patriquin, 416.640.5525 x 230, M 416.995.8496, jessicap@wearemaverick.com

Related Links

www.NationalAccessCannabis.com

November 27, 2018
National Access Cannabis Corp. Announces Repayment of Opaskwayak Loan

NEWS PROVIDED BY
National Access Cannabis Corp.
Nov 27, 2018, 07:00 ET

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS./

The Company remains well positioned for the opening of up to 200 cannabis retail stores over the next 18 months

OTTAWA, Nov. 27, 2018 /CNW/ - National Access Cannabis Corp. ("NAC" or the "Company") (TSXV: META) today announced that following the successful closing of its brokered private placement offering of special warrants of NAC for gross proceeds of $21,150,000, announced November 23, 2018 (the "Private Placement"), the Company has repaid the Opaskwayak Cree Nation's secured loan (the "Opaskwayak Loan") in the amount of $26,716,197, representing $25,000,000 drawn on the loan plus accrued interest and fees.

The balance between the net proceeds of the Private Placement and the amount owing under the Opaskwayak Loan was funded with the proceeds from the Company's $20,000,000 common share financing with four of Canada'sleading Licensed Producers of cannabis, which closed October 29, 2018. The Opaskwayak Loan was entered into on July 19, 2018 with a term of six months and a total commitment amount of up to $35,000,000.

"We are very pleased to announce the repayment of this loan prior to maturity and we thank the Opaskwayak Cree Nation for its support in funding our growth," said Mark Goliger, CEO of National Access Cannabis. "We remain well capitalized to become Canada's largest national cannabis retailer and look forward to sharing developments in our plan to open up to 200 retail cannabis stores in the next 18 months."

About National Access Cannabis Corp.

NAC is a best practices leader in delivering secure, safe, and responsible access to legal cannabis in Canada. Through its Canada-wide network of medical cannabis clinics, partner pharmacies, NAC Bio's clinical research division, Meta Cannabis Supply Co.™ and NewLeaf Cannabis™ 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.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 include, but are not limited to, the use of proceeds of the Offering, filing of the Final Prospectus, obtaining the Final Receipt, and the listing of the Convertible Debentures on the TSXV. 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 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, 416.640.5525 x 230, M 416.995.8496, E jessicap@wearemaverick.com

November 23, 2018
National Access Cannabis Corp. Closes $21 Million Special Warrant Financing

NEWS PROVIDED BY
National Access Cannabis Corp.
Nov 23, 2018, 10:13 ET

Combined with funding provided by four of Canada's top Licensed Producers, the Company is well positioned for the opening of  200 additional cannabis retail stores over the next 18 months

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS./

OTTAWA, Nov. 23, 2018 /CNW/ - National Access Cannabis Corp. ("NAC" or the "Company") (TSXV: META) today announced it has closed its previously announced brokered private placement offering (the "Offering") of special warrants of NAC (the "Special Warrants") that entitle the holders thereof to receive 8.00% senior secured convertible debentures of the Company (the "Convertible Debentures") upon exercise or deemed exercise of the Special Warrants. 21,150 Special Warrants were issued at a price of $1,000 per Special Warrant for aggregate gross proceeds to the Company of $21,150,000. The Offering was led by Cormark Securities Inc., on behalf of a syndicate of agents that included Canaccord Genuity Corp., Beacon Securities Limited, INFOR Financial Inc. and PI Financial Inc. (together, the "Agents"). The net proceeds from the Offering will be used by the Company to repay existing debt.

Terms of the Offering Securities

Each Special Warrant entitles the holder thereof to receive, subject to adjustment in certain instances and without payment of any further consideration, one Convertible Debenture, each with a deemed issue price of $1,000 per Convertible Debenture. Special Warrants that have not been previously voluntarily exercised will be deemed exercised on behalf of, and without any required action on the part of, the holders of Special Warrants on the earlier of: (i) the third business day after the date on which a final receipt ("Final Receipt") has been issued by the securities regulatory authorities in the provinces in which the Special Warrants are sold, for a final prospectus (the "Final Prospectus") qualifying the Convertible Debentures issuable upon deemed exercise of the Special Warrants; and (ii) 4:59 p.m. (Torontotime) on March 24, 2019. In the event that a Final Receipt for the Final Prospectus is not obtained prior to January 7, 2019(the "Qualification Deadline"), each Special Warrant shall thereafter be exercisable into 1.1 Convertible Debentures (in lieu of 1 Convertible Debenture). The Company will continue to use commercially reasonable efforts to obtain a Final Receipt on or before the Qualification Deadline.

The Convertible Debentures will be senior, secured obligations of NAC and will bear interest at a rate of 8.00% per annum, payable semi-annually in arrears on May 31 and November 30 of each year, commencing May 31, 2019. The Convertible Debentures will be convertible at any time at the option of the holders thereof into common shares of the Company ("Common Shares") at a conversion price of $1.08 per Common Share (the "Conversion Price"), subject to customary adjustment. The Convertible Debentures will mature on November 30, 2021 (the "Maturity Date").

The Company has the right at any time beginning March 24, 2019 to force the conversion of the principal amount of the then outstanding Convertible Debentures at the Conversion Price on not less than 30 days' notice should the daily volume weighted average trading price of the Common Shares on the TSX Venture Exchange (the "TSXV") be greater than $1.57 for any 10 consecutive trading days. Holders converting their Convertible Debentures under a mandatory conversion will receive unpaid interest thereon for the period from the date of the latest interest payment date to, and including, the Maturity Date.

The Company has also received conditional approval from the TSXV to list the Convertible Debentures on the TSXV. Trading in the Convertible Debentures will be subject to the fulfilment of customary listing requirements and is expected to commence on or about the third business day after which the Final Receipt is issued.

Unless a Final Receipt is issued, any outstanding Special Warrants and underlying Convertible Debentures and Common Shares shall be subject to a hold period in Canada expiring on March 24, 2019.

In consideration of the services provided by the Agents, the Company paid the Agents a cash fee equal to 6% of the gross proceeds of the Offering.

The Special Warrants, the Convertible Debentures and the Common Shares issuable on conversion thereof, have not and will not be registered under the U.S. Securities Act of 1933, as amended (the "Act"), and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Act. This press release does not constitute an offer to sell or a solicitation of any offer to buy the Convertible Debentures in the United States.

About National Access Cannabis Corp.

NAC is a best practices leader in delivering secure, safe, and responsible access to legal cannabis in Canada. Through its Canada-wide network of medical cannabis clinics, partner pharmacies, NAC Bio's clinical research division, Meta Cannabis Supply Co.™ and NewLeaf Cannabis™ 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.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 include, but are not limited to, the use of proceeds of the Offering, filing of the Final Prospectus, obtaining the Final Receipt, and the listing of the Convertible Debentures on the TSXV. 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 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, 416.640.5525 x 230, M 416.995.8496, E jessicap@wearemaverick.com

November 21, 2018
National Access Cannabis becomes Canada's largest private recreational cannabis retailer by store count, leading the country with 17 stores

NEWS PROVIDED BY
National Access Cannabis Corp.
Nov 21, 2018, 07:00 ET

NAC grows its retail location leadership position by opening eight additional NewLeaf stores in Alberta and one newMETA store in Manitoba this week

OTTAWA, Nov. 21, 2018 /CNW/ - National Access Cannabis Corp. ("NAC" or the "Company") (TSXV: META), a best-practices leader in delivering secure, safe, and responsible access to legal cannabis in Canada, today announced that another eight NewLeaf Cannabis™ ("NewLeaf") retail locations have received cannabis retail licenses and are expected to open this week in Alberta and one new Meta Cannabis Supply Co™ ("META") store has received a cannabis retail license and is expected to open this week in Manitoba. The addition of nine new stores more than doubles the national number of NAC-owned and licensed cannabis retail stores to 17 — the most of any cannabis retailer in the country, excluding the Government of New Brunswick.

NAC's Retail Plans for META and NewLeaf
NAC is looking to open a total of 50 locations between META and NewLeaf across Canada by the end of the year and plans to have a total of 150 retail locations operational during 2019, subject to regulatory approvals. With the aligned brand values of META and NewLeaf, NAC is well-positioned to support Canadian consumers and usher in a new era of responsible cannabis consumption.

"NAC, META and NewLeaf have quickly become established and effective leaders in Canada's cannabis retail market," said Mark Goliger, CEO of NAC. "We have a bold vision to lead recreational cannabis retail in this country and to date we have backed that up in a big way."

NAC's Alberta presence more than doubles with 13 NewLeaf retail stores
With this week's openings, NewLeaf grows in size by 160 per cent in Alberta. NewLeaf now has 13-of-65 Alberta licensed stores, the most in the province for any retailer.

Opening This Week – NewLeaf Alberta Operational Cannabis Retail Stores:
(Nov. 20) Westbrook Location – Calgary:  #110, 1935 - 37 Street SW
(Nov. 20) Gateway Village Location – St Albert: #207, 2 Herbert Road
(Nov. 21) 32nd Ave Location – Calgary: 32nd Ave: #9, 2015 - 32 Avenue NE
(Nov. 21) Castleridge Location – Calgary: #9, 12 Castleridge Drive NE
(Nov. 22) Kennedale – Edmonton: #30, 12981 – 50 Street
(Nov. 23) Westgate Location – Lethbridge: #20, 338 University Drive West
(Nov. 23) MacLeod Trail South Location – Calgary: #2, 7400 Macleod Trail SE
(Nov. 23) Ellerslie – Edmonton: 9522 Ellerslie Road

Existing NewLeaf Alberta Operational Cannabis Retail Stores:
Southland Location – Calgary: #111, 13 Southland Crescent SW
Midnapore Location – Calgary: #29, 240 Midpark Way SE
Deer Valley Location – Calgary: #18, 13750 Bow Bottom Trail SE
Mayor Magrath Location – Lethbridge: 1328 Mayor Magrath
Mission Location – Calgary: B-21 2500 4 Street SW

META Manitoba Operational Cannabis Retail Stores:
Opening this Week (Nov. 22) – Winnipeg Location, 1881 Grant Avenue 
Winnipeg Location, 23-584 Pembina Hwy 
Long Plain First Nation / Portage la Prairie Location - 79 Keeshkeemaquah Dr.
Opaskwayak Cree Nation Location, Otineka Mall, Hwy 10 N 

Customized training program the key to NewLeaf success
In early September, NewLeaf launched a customized, in-house employee training program in fully built stores. This best-practice program has since been implemented for more than 275 NewLeaf and META employees in Alberta and Manitoba as part of their retail training and education.

"Cannabis is coming out of a long period of prohibition, which has led to many misconceptions, and a lot of misinformation," said Sarah Bezanson, Director of Training for NewLeaf Cannabis. "We wanted a program that would address that frankly and provide a scientific grounding in cannabis for our staff, equipping them to share that knowledge with our community."

About National Access Cannabis Corp.
NAC is a best practices leader in delivering secure, safe, and responsible access to legal cannabis in Canada. Through its Canada-wide network of medical cannabis clinics, partner pharmacies, NAC Bio's clinical research division, NewLeaf Cannabis™ 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.newleafcannabis.ca
www.metacannabis.com
www.nacmedical.com
www.nationalaccesscannabis.com
www.nacbio.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 opening dates for NAC cannabis retail locations and the number of NAC cannabis retail locations expected to open and/or become licensed in the future, NAC's plans to obtain additional cannabis retail licenses from the applicable Provincial Governments. 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: NAC Media Inquiries: Jessica Patriquin, MAVERICK PR, 416.640.5525 x 230, M 416.995.8496, E jessicap@wearemaverick.com; NewLeaf Cannabis Media Inquiries: Chad Hason, NewLeaf Cannabis, 403-464-4541, chad@newleafcannabis.ca, www.newleafcannabis.ca; NewLeaf Cannabis Media Kit: www.newleafcannabis.ca/media/; For more information: National Access Cannabis: Mark Goliger, Chief Executive Officer, National Access Cannabis, 1-800-411-1126, Info@nationalaccesscannabis.com; Investor Relations: Emily Gibbs, LodeRock Advisors Inc., 416-546-8775, emily.gibbs@loderockadvisors.com

November 08, 2018
National Access Cannabis Corp. Announces Two New Cannabis Retail Locations to Open in Manitoba

NEWS PROVIDED BY
National Access Cannabis Corp.
Nov 08, 2018, 07:00 ET

  • NAC is expected to have 3 cannabis retail locations in Manitoba open by November 9, adding new locations in Opaskwayak Cree Nation and Long Plain First Nation Portage La Prairie, in addition to the META Winnipeg store opened on October 17, 2018.
  • NAC is looking to open to open a total of 10 recreational cannabis stores in Manitoba with an additional 5 stores in partnership with Manitoban First Nations, all under the META™ brand, by early 2019.

OTTAWA, Nov. 8, 2018 /CNW/ - National Access Cannabis Corp. ("NAC" or the "Company") (TSXV: META), a best practices leader in delivering secure, safe, and responsible access to legal cannabis in Canada, today announced the opening of Canada's first legal recreational cannabis retail store on First Nation land in Opaskwayak Cree Nation ("OCN"), Manitoba. In addition, NAC expects to attend a pre-licence inspection relating to its proposed cannabis retail location in Long Plain First Nation Portage La Prairie, Manitoba on November 9, 2018 and be open shortly thereafter. It is expected that these two legal recreational cannabis retail stores will be staffed by First Nations members and operate in collaboration under NAC's retail brand Meta Cannabis Supply Co.™ ("META").

The retail locations are listed below:

Open:
Meta Cannabis Supply Co. 
Otineka Mall 
Hwy 10 N 
Opaskwayak, Manitoba 
R0B 2J0

Looking to Open Friday, November 9, 2018:
Meta Cannabis Supply Co. 
79 Keeshkeemaquah Drive 
Portage La Prairie, Manitoba
R1N 4B1

"I'm especially proud to announce these new META locations," said Mark Goliger, CEO of NAC. "They represent the commitment and strength we have in our relationships with the Opaskwayak Cree Nation and Long Plain First Nation. These partnerships with First Nations represent a pivotal moment in our vision to build an expanding footprint of legal cannabis retail operations across Canada. Additionally, when added to the operational four NewLeaf branded stores opened in Alberta last week, it proves the power of our diversified retail strategy as we build momentum across Canada."

"We have partnered with NAC to work toward further development for OCN and our community", said Onekanew (Chief) Christian Sinclair of Opaskwayak Cree Nation and NAC board member. "This META store launch is a historic and exciting moment for our industry and will create local jobs and proper education for the legal cannabis retail model, and we have invested time and financing to support NAC for their retail expansion, because we believe in it."

The Manitoba government has previously awarded the Company authorization to operate ten privately owned retail cannabis stores, as well as an e-commerce platform, in the Province of Manitoba. Additionally, as part of an anticipated 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 more legal cannabis retail locations in partnership with three Manitoban Indigenous First Nations (Opaskwayak Cree Nation, Long Plain First 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:

October 16, 2018 – National Access Cannabis kicks off "legalization day" with unveiling of first Meta Cannabis Supply Co. retail store

September 20, 2018 – National Access Cannabis Corp. Announces Execution of Cannabis Retail Organization Agreement with the Province of Manitoba

July 3, 2018 – National Access Cannabis Corp. Provides Update on Manitoba Retail Network

February 16, 2018 – Successful Response to Manitoba Private Cannabis Industry RFP

About National Access Cannabis Corp.
NAC is a best practices leader in delivering secure, safe, and responsible access to legal cannabis in Canada. Through its Canada-wide network of medical cannabis clinics, partner pharmacies, NAC Bio's clinical research division, Meta Cannabis Supply Co.™ and NewLeaf Cannabis™ 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.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 planned opening of cannabis retail stores and the planned opening dates of same, the number of cannabis retail stores anticipated to open, the locations of cannabis retail stores, the launch of an online cannabis retail store in Manitoba, and NAC's plans to establish retail cannabis distribution networks in Manitoba through partnerships with Indigenous First Nations. 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 retail 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: Mark Goliger, Chief Executive Officer, National Access Cannabis, 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, 416.640.5525 x 230, M 416.995.8496, jessicap@wearemaverick.com

November 07, 2018
National Access Cannabis Corp. Announces Filing of Amended Interim Financial Statements

NEWS PROVIDED BY
National Access Cannabis Corp.
Nov 07, 2018, 17:23 ET

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

OTTAWA, Nov. 7, 2018 /CNW/ - National Access Cannabis Corp. ("NAC" or the "Company") (TSXV: META) announces that it has amended and re-filed its unaudited reviewed interim financial statements and management's discussion and analysis (the "Filings") for the interim period ended May 31, 2018. The Filings have been amended to revise the accounting treatment for the acquisition of both National Access Cannabis Medical Inc. and NAC Bio Inc. The effect of the amendments to the Filings was to adjust the accounting treatment to consolidate both entities, adjusting the non-controlling interest and intangible assets.

About National Access Cannabis Corp. 
NAC is a best practices leader in delivering secure, safe, and responsible access to legal cannabis in Canada. Through its Canada-wide network of medical cannabis clinics, partner pharmacies, NAC Bio Inc.'s clinical research division, Meta Cannabis Supply Co.™ and NewLeaf Cannabis™ 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.metacannabis.com
www.newleafcannabis.ca
www.nacmedical.com
www.nacbio.com

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: Mark Goliger, Chief Executive Officer, National Access Cannabis, 1-800-411-1126, Info@nationalaccesscannabis.com; Investor Relations: Emily Gibbs, LodeRock Advisors Inc., 416-546-8775, emily.gibbs@loderockadvisors.com

November 01, 2018
National Access Cannabis Corp. announces being granted five additional cannabis retail licenses in Alberta and new store openings

NEWS PROVIDED BY
National Access Cannabis Corp.
Nov 01, 2018, 07:00 ET

  • Three operational retail locations have opened in Calgary, with an additional location in Lethbridge set to open Monday, November 5
  • Six additional retail locations in Calgary, Lethbridge and St. Albert have received licenses and are currently ordering and receiving product, set to open in November 2018

OTTAWA, Nov. 1, 2018 /CNW/ - National Access Cannabis Corp. ("NAC" or the "Company") (TSXV: META), a best practices leader in delivering secure, safe, and responsible access to legal cannabis in Canada, today announced the licensing of a total of 10 cannabis retail stores in Alberta. Three retail locations under the brand NewLeaf Cannabis™ ("NewLeaf"), 100% owned by NAC, have opened to the public in Calgary, Alberta, with Lethbridge's first cannabis retail store on Mayor Magrath Drive set to open Monday, November 5. NAC also announced licenses have been granted for six additional NewLeaf store locations in north Calgary, Lethbridge and St. Albert, each at various stages of ordering and receiving product.
 

The 10 recently licenced NewLeaf retail locations are listed below:

Opened October 28, 2018: 
Deer Run Location - Calgary, Deer Valley: #18, 13750 Bow Bottom Trail SE, T2J 6T5
Southland Location - Calgary, Southland: #111, 13 Southland Crescent SW, T2W 0K4
Midnapore Location - Calgary, Midnapore: #29, 240 Midpark Way SE, T2X 1N4

Opening Monday, November 5, 2018:
Mayor Magrath Location – Lethbridge, Mayor Magrath: 1328 Mayor Magrath, T1K2R2

License In-Hand:
Mission Location - Calgary, Roxboro: #21, 2500 - 4 Street SW, T2S 1X6
Westbrook Location - Calgary, Westbrook: #110, 1935 - 37 Street SW, T3E 3E4
Gateway Village Location - St. Albert, Gateway Village: #207, 2 Herbert Road, T8N 5T8
Westgate Location - Lethbridge, Westgate: #20, 338 University Drive West, T1J 5C9
32nd Ave Location - Calgary: #9, 2015 - 32 Avenue NE, T2E 6Z3
Castleridge Location - Calgary, Castleridge: #9, 12 Castleridge Drive NE, T3J 1V4

"It's amazing to see this momentum," said Mark Goliger, CEO of NAC. "With three stores open in Calgary already and Lethbridge's first cannabis retail store set to open next week, we're delivering on our strategy to provide Alberta'scustomers with exceptional in-store experiences, education and access to recreational cannabis. We're working diligently toward our goal of 37 cannabis retail locations in Alberta, under the NewLeaf and Meta Cannabis Supply Co. brands."

NAC acquired 100 per cent of The Green Company Ltd. and the NewLeaf brand in September 2018 to strengthen and enhance its footprint in the province. The acquisition added a second retail brand to its roster in addition to the Company's existing Meta Cannabis Supply Co.™ ("META") brand. NAC is working with the Alberta government to open all 25 of their proposed NewLeaf Cannabis stores as soon as possible. The NewLeaf Cannabis website will continue to keep the communities they serve updated in real time as the retail stores come online.

Previous announcements regarding NAC's acquisition of NewLeaf Cannabis can be found through the following links:

October 25, 2018 – National Access Cannabis announces first five NewLeaf Cannabis retail license approvals and store locations across Alberta

September 11, 2018 – National Access Cannabis Corp. Closes NewLeaf Acquisition

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

May 28, 2018 – National Access Cannabis Announces $7 Million Secured Loan and $1.85 Million Convertible Debenture Investment into The Green Company Ltd.

NAC Announces Executive Management Team Change 
NAC also announced today that the contract with President Derek Ogden has been fulfilled.

"NAC thanks Derek for his contributions to the Company," said CEO Mark Goliger. "Derek has been instrumental in enabling NAC to build our model of safe and responsible access to legal cannabis for both the medical and recreational sides of the business. Derek's role and contractual scope with NAC has been fulfilled and he will be leaving the Company effective November 14, 2018."

About National Access Cannabis Corp.
NAC is a best practices leader in delivering secure, safe, and responsible access to legal cannabis in Canada. Through its Canada-wide network of medical cannabis clinics, partner pharmacies, NAC Bio's clinical research division, Meta Cannabis Supply Co.™ and NewLeaf Cannabis™ 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.newleafcannabis.ca
www.nationalaccesscannabis.com
www.metacannabis.com
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 opening dates of NAC retail locations and the number of NAC retail locations expected to open in the future and NewLeaf's plans to secure additional cannabis retail licenses from the Alberta Government. 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 cannabis retail 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: NewLeaf Media Inquiries: Chad Hason, NewLeaf Cannabis, 403-464-4541, chad@newleafcannabis.ca, www.newleafcannabis.ca, NewLeaf Cannabis Media Kit: www.newleafcannabis.ca/media/; National Access Cannabis: Mark Goliger, Chief Executive Officer, National Access Cannabis, 1-800-411-1126, Info@nationalaccesscannabis.com; Investor Relations: Emily Gibbs, LodeRock Advisors Inc., 416-546-8775, emily.gibbs@loderockadvisors.com

October 29, 2018
National Access Cannabis Corp. Closes Financing with Four of Canada's Leading Licensed Producers

NEWS PROVIDED BY
National Access Cannabis Corp.
Oct 29, 2018, 07:00 ET

 

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS./

 

 

Initial tranche of $20 million in common shares from four leading licensed producers closed, with signed commitments for up to an additional $35 million

 

OTTAWA, Oct. 29, 2018 /CNW/ - National Access Cannabis Corp. ("NAC" or the "Company") (TSXV: META), a best practices leader in delivering safe and responsible access to legal cannabis in Canada, today announced it has closed the announced initial tranche of its previously announced offering of NAC common shares ("Common Shares") to certain of Canada's top licensed producers (the "LP Financing") at a price of $0.91 per Common Share.

Under the initial tranche of the LP Financing, four of Canada's top licensed producers, Aphria Inc., CannTrust Inc., VIVO Cannabis Inc. and Zenabis Ltd., either directly or indirectly, have purchased an aggregate of 21,978,020 Common Shares for gross proceeds to the Company of $20 million.

"With this strategic investment in place, NAC is set to become one of Canada's largest national cannabis retailers," said Mark Goliger, CEO of NAC. "We continue to meet the aggressive but in our view achievable goals we've set, expecting to open up to 200 retail cannabis stores over the next 18 months. I'd like to thank these leading LPs for their support and strategic investment as we enter this exciting time of growth."

About the LP Strategic Investments

Aphria Inc., CannTrust Inc. and Zenabis Ltd. have each agreed, either directly or indirectly, to participate in the LP Financing to purchase an aggregate amount of up to $45 million of Common Shares (including the purchase of Common Shares subscribed for under the initial tranche of the LP Financing), which, subject to satisfaction of certain conditions precedent, will be completed in three tranches, pursuant to the terms and conditions of the applicable subscription documents. VIVO Cannabis Inc. has agreed, either directly or indirectly, to participate in the LP Financing to purchase an aggregate amount of up to $10 million of Common Shares (including the purchase of Common Shares subscribed for under the initial tranche of the LP Financing), which, subject to satisfaction of certain conditions precedent, will be completed in two tranches, pursuant to the terms and conditions of the subscription documents.

The previous announcement regarding the LP Financing can be found at the following link:

October 23, 2018 – National Access Cannabis Corp. Announces Financing Transactions

About National Access Cannabis Corp.

NAC is a best practices leader in delivering secure, safe, and responsible access to legal cannabis in Canada. Through its Canada-wide network of medical cannabis clinics, partner pharmacies, NAC Bio's clinical research division, Meta Cannabis Supply Co.™ and  NewLeaf Cannabis™ 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.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 size of the LP Financing, the closing of the subsequent tranches of the LP Financing and the ability to complete the related milestones and the number of retail cannabis stores the Company expects to open in the next 18 months. 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 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, 416.640.5525 x 230, M 416.995.8496, E jessicap@wearemaverick.com

October 25, 2018
National Access Cannabis announces first five NewLeaf Cannabis retail license approvals and store locations across Alberta

NEWS PROVIDED BY
National Access Cannabis Corp.
Oct 25, 2018, 07:00 ET

  • With final retail licences granted by the Alberta government, NAC expects to have an initial five retail locations open soon under the NewLeaf Cannabis brand.
  • Nationally, the Company expects to open a total of 50 locations in aggregate by the end of the year, with plans to open an additional 100 to 150 retail locations during 2019, subject to regulatory approvals.

OTTAWA, Oct. 25, 2018 /CNW/ - National Access Cannabis Corp. ("NAC" or the "Company") (TSXV: META), a best practices leader in delivering secure, safe, and responsible access to legal cannabis in Canada today announced that five Canadian retail locations owned by NAC have been granted licenses, in the province of Alberta.

NAC acquired 100 per cent of The Green Company Ltd. ("NewLeaf Cannabis") in September 2018 to strengthen and enhance its footprint in the province. The acquisition of NewLeaf Cannabis™ by NAC added a second retail brand to its roster in addition to the Company's existing Meta Cannabis Supply Co.™ ("META") brand.

NAC is working diligently in Alberta to open 37 cannabis retail locations, including 25 proposed NewLeaf Cannabis stores and 12 proposed META stores, as soon as possible. A staff of close to 200 employees excitedly await the opportunity to serve the local communities at the five locations listed below:

Southland Location - Calgary, Southland: #111, 13 Southland Crescent SW, T2W 0K4
Midnapore Location - Calgary, Midnapore: #29, 240 Midpark Way SE, T2X 1N4
Deer Valley Location - Calgary, Deer Valley: #18, 13750 Bow Bottom Trail SE, T2J 6T5
Westbrook Location - Calgary, Westbrook: #110, 1935 - 37 Street SW, T3E 3E4
Mayor Magrath Location – Lethbridge, Mayor Magrath: 1328 Mayor Magrath, T1K 2R2

When doors open to the public, NAC will be well-positioned to help Canadians usher in a new era of responsible cannabis consumption. The approachable NewLeaf Cannabis brand and the widespread reach of 25-total proposed locations across Alberta will focus on offering a wide selection of the most in-demand Licensed Producer cannabis and cannabis accessory brands.

"NewLeaf Cannabis' community outreach, real estate strategy and well-known brand name have positioned it to flourish under NAC's stewardship," said Mark Goliger, CEO of NAC. "Together, the NewLeaf Cannabis and META brands will maximize NAC's retail footprint across Alberta, bolster our overall market strength and provide Alberta's recreational customers with exceptional in-store experiences, education and access to quality products."

"We are incredibly proud of our team and what we have achieved to-date," said Angus Taylor, one of the NewLeaf Cannabis original founders, "The timeline was tight for retailers to prepare for something as new and challenging as legalized cannabis. Getting to the place we are now, with multiple stores ready to open their doors to the public very soon, is an amazing feeling."

The NewLeaf Cannabis website will continue to keep the communities it serves updated in real time while the company works with the Alberta Government over the coming weeks to secure and announce the remaining store licenses.

Previous announcements regarding NAC's acquisition of NewLeaf Cannabis may be found through the following links:

September 11, 2018 – National Access Cannabis Corp. Closes NewLeaf Acquisition

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

May 28, 2018 – National Access Cannabis Announces $7 Million Secured Loan and $1.85 Million Convertible Debenture Investment into The Green Company Ltd.

About National Access Cannabis Corp.

NAC is a best practices leader in delivering secure, safe, and responsible access to legal cannabis in Canada. Through its Canada-wide network of medical cannabis clinics, partner pharmacies, NAC Bio's clinical research division, NewLeaf Cannabis™ 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.newleafcannabis.ca
www.metacannabis.com
www.nacmedical.com
www.nationalaccesscannabis.com
www.nacbio.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 opening dates of NAC retail locations and the number of NAC retail locations expected to open in the future, NAC's plans to secure additional store licenses from the Alberta Government and the selection of products and brands that will be offered at NAC retail locations. 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: NewLeaf Cannabis Media Inquiries: Chad Hason, NewLeaf Cannabis, 403-464-4541, chad@newleafcannabis.ca, www.newleafcannabis.ca; NewLeaf Cannabis Media Kit: www.newleafcannabis.ca/media/; For more information: National Access Cannabis: Mark Goliger, Chief Executive Officer, National Access Cannabis, 1-800-411-1126, Info@nationalaccesscannabis.com; Investor Relations: Emily Gibbs, LodeRock Advisors Inc., 416-546-8775, emily.gibbs@loderockadvisors.com

October 23, 2018
National Access Cannabis Corp. Announces Financing Transactions

October 23, 2018 10:21 ET | Source: National Access Cannabis

Commitments of up to $40 million in shares from three leading licensed producers, plus a brokered financing for up to an additional $35 million in convertible debentures

NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR DISSEMINATION IN THE UNITED STATES 

OTTAWA, Oct. 23, 2018 (GLOBE NEWSWIRE) -- National Access Cannabis Corp (TSXV: META) (“NAC” or the “Company”), is pleased to announce that it has entered into an agreement with a syndicate of agents led by Cormark Securities Inc., which have agreed to act as agents for and on behalf of the Company, on a best efforts agency basis, without underwriter liability, in connection  with a proposed private placement (the “Offering”) of up to $35 million in special warrants of the Company (“Special Warrants”) which will entitle the holders to receive 8% senior secured convertible debentures of the Company (“Debentures”).  

In addition, the Company announced that three of Canada’s top licensed producers (the “LPs”) have agreed to subscribe for an aggregate of up to $40 million in common shares of NAC (“Common Shares”) in three tranches. Pursuant to the Subscription Documents (as defined below), each LP has agreed to participate in the Private Placement for an aggregate amount of either $10,000,000 or $15,000,000 of Common Shares in two or three tranches, subject to the terms and conditions of the Subscription Documents, including the achievement of future retail expansion milestones (the “LP Financing”). 

The initial tranche of up to $15 million of Common Shares is expected to close on or about October 26, 2018 at a price of $0.91 per Common Share. In order to participate in the LP Financing, NAC and each LP will enter into a master investment agreement and a subscription agreement (collectively, the “Subscription Documents”) committing to, among other things, the terms of the LP Financing described below. NAC may also decide to include additional leading LPs, for up to an aggregate of $55 million.  Each of the LPs are expected to be minority shareholders of NAC upon closing of the LP Financing. 

“The Investment by three of Canada’s leading LPs is both a validation of NAC’s retail recreational and medical cannabis pharmacy partnership model, and an acknowledgement that we believe that the products produced by these organizations will be successful in the Canadian retail marketplace,” said Mark Goliger, CEO of NAC. “The proceeds of the LP Financing and Offering will fully finance NAC’s immediate growth plan and allow it to continue to build-out its network of retail locations over the next two years to establish itself as one of the largest players in both medical and recreational retail, in Canada.”

The Offering

Each Special Warrant will entitle the holder to receive, subject to adjustment in certain instances and without payment of any further consideration, one Debenture, each with a deemed issue price of $1,000 per Debenture. 

Special Warrants that have not been previously exercised will be deemed exercised on behalf of, and without any required action on the part of, the holders on the earlier of: (i) the third business day after the date on which a final receipt (“Final Receipt”) has been issued by the securities regulatory authorities in the provinces in which the Special Warrants are sold, for a final prospectus (the “Final Prospectus”) qualifying the Debentures  issuable upon exercise of the Special Warrants; and (ii) 4:59 p.m. (Toronto time) on the date (the “Expiry Date”) which is four months and a day following the closing date of the Offering (the “Closing Date”).  In the event that a Final Receipt for the prospectus is not obtained prior to the date that is 45 days following the Closing Date, each Special Warrant shall thereafter be exercisable into 1.1 Debentures (in lieu of 1 Debenture).

The Debentures will be senior secured obligations of NAC and will bear interest at a rate of 8.00% per annum, payable semi-annually in arrears on May 31 and November 30 of each year, commencing May 31, 2019. The Debentures will be convertible at any time at the option of the holders into Common Shares at a conversion price of $1.08 per Common Share (the “Conversion Price”). The Debentures will mature on November 30, 2021. 

NAC has also granted the agents an option to sell up to an additional $5.25 million of Special Warrants, on the same terms and conditions, exercisable in whole or in part, at the agents’ discretion, up to the closing of the Offering.

NAC will have the right at any time beginning 4 months and one day following the Closing Date to force the conversion of the principal amount of the then outstanding Debentures at the Conversion Price on not less than 30 days’ notice should the daily volume weighted average trading price of the Common Shares be greater than $1.57 for any 10 consecutive trading days. Holders converting their Debentures under a mandatory conversion will receive unpaid interest thereon for the period from the date of the latest interest payment date to, and including, the maturity date.

The LP Financing

Pursuant to the Subscription Documents, each LP will agree to participate in the Private Placement for an aggregate amount of either $10,000,000 or $15,000,000 of Common Shares in two or three tranches, subject to the terms and conditions of the Subscription Documents.

The second tranche will occur when NAC has been granted approval for an aggregate of 50 cannabis retail locations from the applicable regulatory authorities in the Provinces of Canada but before October 26, 2019, NAC may deliver a written notice to each of the LPs (the “First Milestone Notice”) requiring each LP to purchase and subscribe for $5,000,000 of additional Common Shares at a price per Common Share equal to the 15 day volume weighted average trading price of the Common Shares on the TSXV for the last 15 trading days of the calendar month immediately preceding the date of the First Milestone Notice, or if such trading price is lower than the maximum permitted discount for the second tranche of the LP Financing, the maximum permitted discount for the issuance of the Common Shares under TSXV policies.

The third tranche will occur when NAC has been granted approval for an aggregate of 100 cannabis retail locations from the applicable regulatory authorities in the Provinces of Canada but before October 26, 2020, NAC may deliver a written notice to the two of the three LPs (the “Second Milestone Notice”) requiring such LPs to purchase and subscribe for $5,000,000 of additional Common Shares at a price per Common Share equal to the 15 day volume weighted average trading price of the Common Shares on the TSXV for the last 15 trading days of the calendar month immediately preceding the date of the Second Milestone Notice, or if such trading price is lower than the maximum permitted discount for the third tranche of the LP Financing, the maximum permitted discount for the issuance of the Common Shares under TSXV policies.

Closing and Use of Proceeds

The LP Financing is scheduled to close on or about October 26, 2018 and the Offering is scheduled to close on or about November 13, 2018. The Company intends to use the net proceeds of the combined financings to repay existing debt, store footprint expansion, strategic growth initiatives and general corporate purposes. The LP Financing and Offering are subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange and any applicable security regulatory authorities.

The Common Shares issued in connection with the LP Financing and the Special Warrants issued pursuant to the Offering will be subject to a statutory hold period of four months plus one day from the date of completion of the LP Financing or Offering, as applicable, in accordance with applicable securities legislation.

The securities to be offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of such Act. This news release is not an offer of securities for sale in the United States and shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About National Access Cannabis Corp.

NAC is a best practices leader in delivering secure, safe, and responsible access to legal cannabis in Canada. Through its Canada-wide network of medical cannabis clinics, partner pharmacies, NAC Bio's clinical research division, NewLeaf Cannabis™ 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).

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, closing of the Offering and the LP Financing and the timing thereof, the size of the LP Financing and Offering, the closing of the subsequent tranches of the LP Financing and the ability to complete the related milestones, the use of proceeds of the Offering and LP Financing, the definitive terms of the Debentures, whether a prospectus qualifying the Debentures will be filed and receipted. 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 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.

For more information, visit:

www.nacmedical.com
www.nationalaccesscannabis.com
www.nacbio.com
www.metacannabis.com
www.newleafcannabis.ca

National Access Cannabis:
Mark Goliger, Chief Executive Officer
National Access Cannabis
1-800-411-1126
Info@nationalaccesscannabis.com

Investor Relations:
Emily Gibbs
LodeRock Advisors Inc., 
416-546-8775
emily.gibbs@loderockadvisors.com

October 22, 2018
National Access Cannabis Provides Update on Growth of National Access Cannabis Medical

NEWS PROVIDED BY
National Access Cannabis Corp.
Oct 22, 2018, 10:51 ET

Now with 111 pharmacies participating in NAC's Medical Cannabis Management System, National Access Cannabis Medical continues to expand its base of partner pharmacies across Canada

OTTAWA, Oct. 22, 2018 /CNW/ - National Access Cannabis Corp. ("NAC" or the "Company") (TSXV: META), a best practices leader in delivering secure, safe, and responsible access to legal cannabis in Canada today announced the signing of Pharmacy Cannabis Program Agreements with 70 pharmacies in Canada that will be participating in the National Access Cannabis Medical Inc. ("NACM") Medical Cannabis Management System™ ("MCMS") in addition to those announced in April 2018, bringing the total number of pharmacies working with NACM to 111.

"We see this as tremendous growth for NAC," said Mark Goliger, CEO of NAC. "This unique pharmacy partnership is a key pillar of our diversified cannabis business. The medical cannabis market in Canada is forecast to surpass $2B by 2020 (Deloitte, 2018), and as experienced medical clinic operators, we're excited to grow our medical division and broaden our ability to provide safe and responsible access to legal medical cannabis."

"The pharmacy application of the Medical Cannabis Management System provides a structured process and opportunity for independent pharmacies to enhance their involvement in medical cannabis therapy, by utilizing resources provided by NACM," explained Pram Sandhu, VP Medical Operations & Business Optimization. "It was designed with input from pharmacists, for pharmacists. We're thrilled by the opportunity to work with our new pharmacy partners toward the collective goal of improving medical cannabis related patient care."

MCMS provides pharmacies with a turnkey medical cannabis program for their patients and, when legally permissible, assistance with management of product sourcing and distribution. The MCMS program roll-out was recently initiated with the on-boarding of a pilot pharmacy, a 2-day educational event for healthcare providers, and plans for systematic training to be launched across partner pharmacies in Ontario, British Columbia, Alberta and Saskatchewan. NACM continues to negotiate with pharmacies across Canada and is on target to enter into agreements with more than 150 pharmacies by late 2018-early 2019.

NACM facilitates the safe and responsible use of medical cannabis by connecting patients with knowledgeable healthcare practitioners, coordinating clinic visits, managing medical cannabis education, providing assistance with product selection, coordinating patient registration with Health Canada approved Licensed Producers (LPs) and continued patient follow-up. After an initial on-boarding period, NACM anticipates assisting more than 200 potential medical cannabis patients per pharmacy per year, through its current roster of 111 partner pharmacies.

About National Access Cannabis Corp.

NAC is a best practices leader in delivering secure, safe, and responsible access to legal cannabis in Canada. Through its Canada-wide network of medical cannabis clinics, partner pharmacies, NAC Bio's clinical research division, NewLeaf Cannabis™ 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.nacmedical.com
www.nationalaccesscannabis.com
www.nacbio.com
www.metacannabis.com
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, entering into additional agreements with pharmacies, and changing regulations to permit NAC to assist pharmacies with product sourcing and distribution. 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: Mark Goliger, Chief Executive Officer, National Access Cannabis, 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, 416.640.5525 x 230, M 416.995.8496, E jessicap@wearemaverick.com

October 16, 2018
National Access Cannabis kicks off "legalization day" with unveiling of first Meta Cannabis Supply Co. retail store

NEWS PROVIDED BY
National Access Cannabis Corp.
Oct 16, 2018, 19:14 ET

OTTAWA, Oct. 16, 2018 /CNW/ - National Access Cannabis Corp. ("NAC" or the "Company") (TSXV: META), a best practices leader in delivering secure, safe, and responsible access to legal cannabis in Canada, today announced the official launch of the inaugural recreational store under the Meta Cannabis Supply Co.™ banner ("META").

NAC will open its first META store near downtown Winnipeg, Manitoba on October 17, 2018, with the city getting the country's first look at the immersive retail environment at: 23-584 Pembina Hwy, Winnipeg, MB, R3M 3X7

META retail stores will be opening in several Canadian provinces with a strong focus on customer education, technology and quality cannabis and cannabis-related products.

In Manitoba, during the province's first phase of retail cannabis implementation, NAC will open 10 recreational stores in various Manitoba municipalities and an additional four stores on First Nations land – totaling 14 META branded stores. Thirteen of the stores will launch by the end of 2018, and the 14th in early 2019.

"Cannabis legalization is a once-in-a-lifetime moment in this country," said Mark Goliger, CEO of NAC. "META kicks off this new era with an appeal to Canadians who embrace the benefits of quality cannabis products. META will provide recreational customers with exceptional in-store experiences in environments where uniqueness, education and access to a diverse suite of products are the top priorities."

META store locations are fully financed and planned to open in the following provinces and cities over the coming weeks and months:

Manitoba: Winnipeg | Brandon | Stonewall | other Manitoba municipalities | Opaskwayak Cree Nation | Long Plain First Nation | Thompson/Nisichawayasihk Cree Nation

Alberta: Edmonton | Calgary | select Alberta municipalities

British Columbia: select municipalities

Future Plans for NAC Retail Rollout
As licenses become available, NAC plans a massive retail rollout across the provinces from British Columbia to Ontario. The company expects to be one of Canada's largest cannabis retailers targeting 50 operating locations by December 2018, with plans to open 200+ stores, subject to financing over the next 18 months, between its META and NewLeaf brands. All locations are pending regulatory approvals and subject to licensing by provincial and municipal governments.

The META Store Experience
In what will be a fiercely competitive industry, META was created with the ultimate retail experience in mind.  META was designed to cater to the novice, the aficionado and everyone in between. META stores will feature various ways to purchase, some based on efficiency and others based on education. The stores will have salespeople (referred to as Friendly Guides) that help answer all questions for customers, an Express + Pick Up Bar and a self-ordering in-store experience named Express Yourself. Additionally, for those seeking an educational experience, the stores will have Sensory Stations to look at and sample the aroma of cannabis dried flower in secure containers. Every element of the META store is designed with the customer experience in mind.

What's "In Store" for Customers
META has strong relationships with Canada's Licensed Producers (LPs) and expects to carry a range of high-quality cannabis and cannabis accessories. META stores plan to order and carry several Licensed Producers' products and brands, subject to availability. META stores also intend to sell a diverse offering of cannabis accessories and branded META gear and wearable products (in provinces where regulatory compliance allows).

META Friendly Guides go through extensive initial and ongoing training. With in-store consulting and the latest in educational information online, META will be known for its sound advice. META is an open, welcoming brand and offers a balanced retail environment that is both appealing and inclusive.

E-commerce / Online Store
Additionally, META anticipates launching an online cannabis store in Manitoba as well as an online store for accessories and gear, nationwide, in legal provinces (excluding Alberta and New Brunswick).

First Nations Partnerships 
In Manitoba, NAC has partnered with several Manitoba Indigenous First Nations. Under the terms of the agreements, each of the Opaskwayak Cree Nation, Long Plain First Nation, and Nisichawayasihk Cree Nation will establish a retail recreational cannabis distribution network in Manitoba, when legally permissible to do so.

Second Cup Alliance
Building on a strategic alliance from earlier this year, NAC and The Second Cup Ltd. are exploring plans to potentially convert Second Cup locations in several provinces into META cannabis stores. The companies continue to assess locations for retail opportunities.

State of the Art Design with BRNT
META has partnered with BRNT Designs, the leading-edge designer of sleek, innovative, and functional accessories built for the modern cannabis user. BRNT's use of the a six-sided, two-dimensional hexagon in its designs, mirrors META's brand aesthetic, and has inspired BRNT's design of META's in-store display visuals and pieces.

About National Access Cannabis Corp.
NAC is a best practices leader in delivering secure, safe, and responsible access to legal cannabis in Canada. Through its Canada-wide network of care centres, pharmacies, NAC Bio's clinical research division, NewLeaf Cannabis™ 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).

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 planned opening of META stores and the planned opening dates of same, the number of META stores anticipated to open, the locations of META stores, META store features, products and services, the launch of an online META store in Manitoba, NAC's plans to establish retail recreational cannabis distribution networks in Manitoba through partnerships with several Indigenous First Nations, NAC's and The Second Cup Ltd.'splans to potentially convert Second Cup locations in several provinces into META cannabis stores and the availability of BRNT Designs products in META stores. 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: visit: www.nationalaccesscannabis.com, www.nacbio.com, www.metacannabis.com, www.newleafcannabis.ca; Media Inquiries through MAVERICK PR: Alex Cerelli, 416.640.5525 x 238, M 905.864.5530, alexc@wearemaverick.com; Jessica Patriquin, 416.640.5525 x 230, M 416.995.8496, E jessicap@wearemaverick.com; National Access Cannabis: Mark Goliger, Chief Executive Officer, National Access Cannabis, 1-800-411-1126, Info@nationalaccesscannabis.com; Investor Relations: Emily Gibbs, LodeRock Advisors Inc., 416-546-8775, emily.gibbs@loderockadvisors.com

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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