NAC Has Established 4 Exclusive Partnerships to
Date with Manitoban First Nations
OTTAWA, Dec. 21, 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 the Company has entered into a Limited
Partnership Agreement (the "Agreement") with the Nisichawayasihk
Cree Nation of Manitoba. Under the
terms of the Agreement, the Nisichawayasihk Cree Nation will
partner with NAC to establish a retail recreational cannabis store
in Thompson, Manitoba, when
legally permissible to do so.
Today's announcement is in addition to the previous First
Nations partnerships announced on December
15, 2017. Similarly, it is intended that the new
Thompson, Manitoba location will
be staffed by Nisichawayasihk Cree Nation members and trained using
NAC's proprietary model to ensure safe and secure distribution of
legal cannabis.
"Situated in the 'Hub of the North', the proposed Thompson location will provide much needed
access to legal cannabis to broad group of Northern Manitobans,"
said Mark Goliger, Chief Executive
Officer of National Access Cannabis. "Extending our First Nation's
relationships will not only provide better access, it also enables
our partners to provide their members with better economic
opportunities through the safe and secure operations of the new
locations."
"Working with NAC, we can leverage their deep experience in
effectively operating a clinical cannabis model to establish a
safe, secure and legal retail location," said Chief Marcel Moody, Nisichawayasihk Cree Nation.
"Providing our band members with meaningful employment
opportunities is a significant priority, we look forward to working
closely with the NAC team as the new location is completed and
opened for the Summer 2018 legalization."
The Company also announces that it has granted stock options to
purchase an aggregate 250,000 common shares of the Company to an
officer of NAC. The stock options have an exercise price of
$0.51 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 three installments, each
installment vesting every three months following the date of
grant.
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).
Cautionary Statements
This news release contains "forward-looking information" within
the meaning of applicable securities laws relating to the entering
into of the limited partnership agreements and future developments
including the establishment of a recreational cannabis distribution
network in Manitoba, the structure
thereof and the anticipated benefits to Manitoban stakeholders.
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.