NAC to sell CannaRoyalty Products at future
retail locations across Canada
OTTAWA, March 15, 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 it has signed a binding term sheet (the "Term
Sheet") to expand its business relationship with CannaRoyalty Corp.
("CannaRoyalty") (CSE: CRZ) (OTCQX: CNNRF), to carry CannaRoyalty
products in NAC stores in various provinces in Canada, as legally permitted. This
non-exclusive agreement expands on an existing business
relationship to distribute CannaRoyalty products through NAC's
future Manitoban retail stores.
"Our growing relationship with CannaRoyalty will provide our
retail customers with greater access to a diverse portfolio of
quality cannabis products at our future locations," said
Mark Goliger, Chief Executive
Officer of National Access Cannabis. "Their deep experience
successfully supplying branded cannabis products to the Californian
marketplace will serve us well as we look to grow our retail
footprint outside of Manitoba, to
Alberta, British Columbia and beyond. Ultimately,
our aim is to offer a balanced approach to retail distribution;
providing Canadians with access to high-quality products while
maintaining our reputation for secure, safe, and responsible
access."
"The business relationship we have established with NAC is a
strong step toward expanding our distribution pipeline in advance
of both adult-use legalization and the regulatory inclusion of
product forms beyond cannabis flower and oils in Canada," said Marc
Lustig, CEO of CannaRoyalty. "NAC has emerged as one of the
leading independent retailers in Canada and we see significant value in our
experience and product portfolio, combined with NAC's history of
operating safe and secure medical retail cannabis stores 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. 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 Company's
plans to expand its business relationship with CannaRoyalty.
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 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; 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 to implement its 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 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.