National Access Cannabis Corp., Canada’s largest publicly traded recreational cannabis retailer by revenue, announced that its shareholders approved all resolutions placed before them by management at the Company’s annual and special meeting of shareholders held on February 19, 2020 (the “Meeting”). At the Meeting, a special resolution was passed to change the name of the Company from National Access Cannabis Corp. to Meta Growth Corp. The name change is subject to filing Articles of Amendment and obtaining requisite regulatory approval, including from the TSX Venture Exchange (the “TSXV”). Upon receipt of TSXV approval, trading under the new name will begin.
A special resolution was also passed at the Meeting approving an amendment to the Company’s Stock Option Plan (the “Option Plan”) and approving the creation of a Restricted Share Unit Award Plan (“RSU Plan”). Full copies of the Option Plan and RSU Plan can be found in the Company’s Management Information Circular dated January 6, 2020 under the Company’s profile on SEDAR (www.sedar.com).
“Our name change allows us to align our corporate brand with our retail brand, and reflects the Company’s evolution from medicinal to recreational cannabis,” said Mark Goliger, CEO of Meta Growth. “Brand recognition and consistency are key to our success. We recently opened the first META branded store in Ontario at 378 Yonge Street in downtown Toronto, and on February 28 we plan to open the second META branded store in the province, located in Kitchener. With the proceeds from our recently closed $10 million bought deal financing, we look forward to opening META corporate stores in Ontario where our goal is to obtain a first-mover advantage by reaching the maximum number of stores available per operator as quickly as possible.”
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. The Company is listed on the TSX Venture Exchange under the symbol (TSXV: META).
