Meta Growth Corp. (fka NACNF)

[FUNMAN]

Meta Growth Provides Update on Ontario Roll-out

Jan 23, 2020
by Francine Mallette
(Sock Drawer Investors)in News Release

https://cannabis-investment-group.com/2020/01/23/meta-growth-provides-update-on-ontario-roll-out/

TORONTO, Jan. 23, 2020 /CNW/ – National Access Cannabis Corp. (TSXV: META) d/b/a Meta Growth (“Meta Growth”, “META” or the “Company”), Canada’s largest publicly traded recreational cannabis retailer by revenue1, today announced that both of the winners of the Ontario cannabis store lottery which the Company has entered into agreements with (please refer to press releases dated December 19, 2019, and January 9, 2020) have received their Retail Operators License.

“Receipt of their Retail Operators License is a major milestone for the lottery winners,” said Mark Goliger, CEO of Meta Growth. “The last step to open these stores is to pass store inspection and considering the construction is in its final stage, we expect this in a matter of days for Toronto and a few weeks for Kitchener.”

On December 12, 2019, the Government of Ontario identified that until August 31, 2020, retail operators may own a maximum of 10 cannabis stores, increasing to 30 in September 2020. In addition to the two agreements that META has signed with lottery winners in Toronto and Kitchener, the Company has already assembled a portfolio of more than 10 class A sites in Ontario which it intends to operate as corporate stores. META has begun construction activities on these sites in anticipation of submitting store authorization applications on March 2, 2020.

About Meta Growth

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. National Access Cannabis d/b/a Meta Growth is listed on the TSX Venture Exchange under the symbol (TSXV: META).