National Access Cannabis Corp. (NACC) (TSXV: NAC) announced on April 9th that they acquired 51% of Cannabis Care Group Inc. and will rename the company to “National Access Cannabis Medical” (NACM). The acquisition deal was made with a share purchase agreement for an aggregate total of $4,040,000.
National Access Cannabis Medical specializes in services that provide medicinal cannabis for over 40 Canadian pharmacies.
The overall goal for NACC with NACM is to establish a large network of pharmacies where medical cannabis patients in Canada can find easy access to their medications. This network of pharmacies would be supplied by NAC’s best sources of medical cannabis from licensed producers.