TORONTO, Jan. 23, 2020
/CNW/ - National Access Cannabis Corp. (TSXV: META) d/b/a
Meta Growth ("Meta Growth", "META" or the
"Company"), Canada's largest publicly traded recreational
cannabis retailer by revenue1, today announced that both
of the winners of the Ontario
cannabis store lottery which the Company has entered into
agreements with (please refer to press releases dated December 19, 2019, and January 9, 2020) have received their Retail
Operators License.
"Receipt of their Retail Operators License is a major milestone
for the lottery winners," said Mark
Goliger, CEO of Meta Growth. "The last step to open
these stores is to pass store inspection and considering the
construction is in its final stage, we expect this in a matter of
days for Toronto and a few weeks
for Kitchener."
On December 12, 2019, the
Government of Ontario identified
that until August 31, 2020, retail
operators may own a maximum of 10 cannabis stores, increasing to 30
in September 2020. In addition to the two agreements that
META has signed with lottery winners in Toronto and Kitchener, the Company has already assembled a
portfolio of more than 10 class A sites in Ontario which it intends to operate as
corporate stores. META has begun construction activities on
these sites in anticipation of submitting store authorization
applications on March 2, 2020.
About Meta Growth
Meta Growth is a leader in secure, safe and responsible access
to legal recreational cannabis in Canada. Through its Canada-wide network of Meta Cannabis Co.™,
Meta Cannabis Supply Co.™ and NewLeaf Cannabis™ recreational
cannabis retail stores, Meta Growth enables the public to gain
knowledgeable access to Canada's
network of authorized Licensed Producers of cannabis. National
Access Cannabis d/b/a Meta Growth is listed on the TSX Venture
Exchange under the symbol (TSXV: META).
For more information on Meta Growth, visit:
metagrowth.com
metacannabis.com
newleafcannabis.ca
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.
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 of the Toronto and
Kitchener cannabis retail stores
and the timing thereof, and the opening of other cannabis retail
stores in Ontario, including the
timing of submission of related applications. 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
receipt of Retail Store Authorizations for the Toronto and Kitchener cannabis retail stores; the ability
of the Company to submit additional store authorization
applications and receipt of related Retail Store
Authorizations; future legislative and regulatory developments;
inability to access sufficient capital from internal and external
sources, and/or inability to access sufficient capital on
favourable terms; general business, economic, competitive,
political, regulatory and social uncertainties; the delay or
failure to receive regulatory approvals and the recreational
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.
1 New Cannabis Ventures, Public
Cannabis Company Revenue & Income Tracker. Largest publicly
traded cannabis retailer by revenue.
SOURCE National Access Cannabis Corp d/b/a Meta Growth