National Access Cannabis Corp. Closes NewLeaf Acquisition

Published: September 11, 2018

National Access Cannabis Corp. Closes NewLeaf Acquisition
  • With the closing of the Acquisition, NAC expects to have 24 retail locations open by October 17, 2018, and 60 retail applications in process. The Company expects to open a total of 50 to 70 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
  • NAC continues to evaluate locations with our strategic partnership with The Second Cup Ltd. across Western Canada and Ontario to operate retail cannabis stores under the Meta Cannabis Supply Co. brand

National Access Cannabis Corp., Canada’s best practices leader in delivering secure, safe, and responsible access to legal cannabis today announced it has closed the previously announced acquisition of 100% of the shares of Alberta-based The Green Company Ltd.

“Between our organic retail opportunities, this Acquisition and our Strategic Alliance with The Second Cup Ltd., NAC is positioned to become one of Canada’s largest national cannabis retailers,” said Mark Goliger, CEO of NAC. “We have set aggressive but achievable goals over the next 18 months and expect to open up to 220 retail cannabis locations over that period. I’d like to thank our management team, Board of Directors and shareholders for their support as we enter the most exciting period in our company’s history.”