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's best 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.