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National Access Cannabis (TSXV: NAC) New Listing

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National Access Cannabis is a unique Health Care service provider that specializes in prescribing medical cannabis and providing members with ongoing education and care.

Additional Information:

Company: National Access Cannabis
Website: http://
Stock Symbol: TSXV: NAC
Date Published: Sep 11, 2017
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

National Access Cannabis is the latest new listing on the TSX Venture Exchange, following approval of its qualifying transaction with Capital Pool Company “Brassneck Capital”.

National Access Cannabis is a unique Health Care service provider that specializes in prescribing medical cannabis and providing members with ongoing education and care.

The company works alongside Health Canada and Licensed Producers to help qualifying patients gain access to their license as well as provide research and support on using medical cannabis in their day-to-day routine.

The company owns and operates clinics that connect Canadians with cannabis producers, licensed under the Access to Cannabis for Medical Purposes Regulations, providing all services free to veterans.

The company has grown from its first clinic in Ottawa in June 2015, and now operates 10 clinics in Canada, with plans to open several more clinics and kiosk operations within the next 12 months.

The kiosk operations are mini-clinics inside the operations of synergistic strategic partners in quasi-medical
operations.

Prior to the amalgamation, the company completed a non-brokered private placement of convertible notes in April, raising gross proceeds of $1 million.

These notes pay 10% annually, and are convertible in 5 million shares at a price of $0.20 per share until April 2019.

In July, the company closed a brokered private placement, raising gross proceeds of $6 million, issuing 24 million shares at $0.20.

Two strategic investors placed lead order in this July financing.

Alternate Health Inc, a subsidiary of Alternate Health Corp (CSE:AHG) and the Paskwayak Business Development Corporation, the business development arm of the Opaskwayak Cree Nation.

Dr. Michael Murphy, CEO of Alternate Health Corp, stated: “In recognition of NAC’s leadership in the Canadian medical cannabis industry, AHC has made a substantial investment in securities of NAC including its most recent private placement. We believe that this relationship creates a base for further expansion
in the Canadian market and the delivery of comprehensive medical cannabis services for physicians and patients.”

Christian Sinclair, Chief of Opaskwayak Cree Nation, stated: “After doing our due diligence, PBDC determined that NAC was the right company, with the best business model for cannabis access, for the indigenous communities and Canada, as a whole. By bringing the NAC business model to indigenous communities, PBDC wants to ensure that indigenous communities across Canada have safe and legal access.”

The shares are currently trading at $0.20 and with 116 million shares outstanding, of which 44 million are subject to escrow, the company is capitalized at $23.2 million.

For a more information, please visit the company’s website www.NationalAccessCannabis.com, or contact Michael Best, CFO, at 613-293-4817 or by email at info@NationalAccessCannabis.com.

I’m Samantha Deutscher for Investmentpitch Media