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.

SOURCE National Access Cannabis Corp d/b/a Meta Growth