National Access Cannabis to Change Name to Meta Growth, Sells Non-Core Assets

National Access Cannabis (TSXV: META) announced this morning that it will be changing its name to that of Meta Growth. Concurrently, the firm has entered an agreement to sell its medical cannabis clinics division, allowing the firm to wholly focus on its retail cannabis operations.

The name change to Meta Growth is being conducted to better represent the company as a whole. While shareholders have yet to vote on the name change, the firm has already entered the process of operating under the name for business purposes. The new name is intended to reflect cannabis culture through strength, passion, and a unique presence in the retail space.

Commenting on the name change from National Access Cannabis to that of Meta Growth, CEO Mark Goliger stated, “As the cannabis industry has evolved, our focus has shifted from medicinal to recreational cannabis, and today, retail is our portfolio and our future. Brand recognition and consistency are key to our success and META is ready to continue to maintain our leadership position in the Canadian retail market.

In conjun ction with the realignment of Meta Growth’s operations, it has entered a definitive agreement with that of Evergreen Pacific Insurance Corporation to sell its medical cannabis clinics division. The sale will take the form of an all cash transaction, valued at $4 million. The sale of assets is expected to close by November 30, 2019.

The medical cannabis clinics division was viewed as a non-core asset to that of National Access Cannabis, and as a result was sold off to further fund the development and growth of its retail operations.

National Access Cannabis, now Meta Growth, closed yesterdays session at $0.28 on the TSX Venture.


Information for this briefing was found via Sedar and National Access Cannabis. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Goliath Resources Hits 10.60 g/t Gold Over 22.82 Metres, Highest Grade Results In Third Distinct Rock Package At Surebet Discovery

Four Countries Control the Fertilizer That Feeds the World | Sage Potash

$10,000 Gold Is Just A Question of Time | Florian Grummes

Recommended

Antimony Resources Drills 5.27% Sb Over 4.95 Metres In Latest Results

Nord Precious Metals Identifies 29 Veins At Castle East Following 3D Modeling

Related News

Meta Growth Postpones Q3 Results, Acquires Two Ontario Retailers

The price of recreational cannabis operations appears to be falling as of late. Meta Growth...

Monday, July 20, 2020, 08:31:55 AM

Meta Growth Conducts Bought Deal At Significant Discount To Market

Meta Growth (TSXV: META) is the latest firm within the cannabis space to conduct a...

Friday, January 24, 2020, 08:35:32 AM

Meta Growth Halt Is Much Ado About Nothing

It appears that the day-long trading halt of Meta Growth (TSXV: META)‘s equity was much...

Thursday, February 6, 2020, 04:14:07 PM

Meta Growth Sees Shareholders Approve Merger With High Tide

The shareholders of Meta Growth Corp (TSXV: META) have officially approved of the proposed merger...

Wednesday, October 28, 2020, 08:14:08 AM

Meta Growth Announces Funding, Move Into Ontario

Meta Growth (TSXV: META) announced this morning that the firm has secured a loan from...

Thursday, December 19, 2019, 08:15:32 AM