National Access Cannabis Corp. Announces Business Name Change to Meta Growth and Signs Definitive Agreement to Sell Medical Cannabis Clinics Division

New corporate identity aligned with the Company’s strategy to be the preeminent cannabis retailer in Canada. Agreement to sell non-core medical cannabis clinics anticipated to provide $4 million in proceeds to help fund the Company’s growth in recreational cannabis retail. TORONTO, Nov. 1, 2019 /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 it has registered “Meta Growth” as a business name and will begin to conduct business under the Meta Growth name effective immediately, with the formal name change to Meta Growth Corp. subject to shareholder approval (the “Name Change”). The Company also announced that it has entered into a definitive agreement (the “Agreement”) to sell the Company’s portfolio of medical cannabis clinics from National Access Canada Corporation to Evergreen Pacific Insurance Corporation (“Evergreen Pacific”) for $4 million in cash, anticipated to close on November 30, 2019. Future META store design (CNW Group/National Access Cannabis Corp.) Business Name Change The Meta Growth corporate identity embodies the Company’s strategy to be the preeminent cannabis retailer in Canada. The new corporate logo visually represents META’s multidimensional commitment to cannabis culture, strength, passion…

Excerpt only …
READ MORE BELOW
Source : New feed
Link to original : National Access Cannabis Corp. Announces Business Name Change to Meta Growth and Signs Definitive Agreement to Sell Medical Cannabis Clinics Division
reposted by Cannabis News World