National Access Cannabis Corp. (NAC) (TSX: NAC) announced on May 15th that the company will have its own premium retail cannabis brand. The company will open physical retail locations under the name of Meta Cannabis Supply Co. (Meta).
Meta will be a direct extension of NAC across multiple provinces and will also have an online e-shop on Meta’s website. The Meta retail locations will start in Western Canada with an intention to expand to additional provinces.
NAC will use its already existing relationship and strategic alliance with The Second Cup Ltd. (TSX: SCU), which is ranked #2 across all of Canada in retail specialty coffee, to construct a dispensary chain of Meta cannabis retailers.
The Meta dispensary locations will carry products from large cannabis companies such as CannaRoyalty Corp. (OTCQX: CNNRF) and Tilray.
NAC stock closed on the date of the announcement to a 3.75% decrease in value.