Le Lézard
Classified in: Business
Subjects: ERN, MAT

National Access Cannabis Corp. Announces Filing of Amended Interim Financial Statements


TORONTO, June 14, 2019 /CNW/ - National Access Cannabis Corp. ("NAC" or "the Company") (TSXV: META), announces that it has amended and re-filed its unaudited reviewed interim financial statements and management's discussion and analysis (the "Filings") for the interim period ended February 28, 2019. The Filings have been amended to revise the accounting treatment for:

(i)

The acquisition of The Green Company Ltd. The effect of the amendments to the Filings was to adjust the allocation of the purchase price to different categories on the balance sheet to what was initially reported.  

(ii)

Convertible Debenture (Note 11).  The effect of the amendments to the Filings was to adjust the allocation of the value of the convertible debenture between debt and equity to what was initially reported.

About National Access Cannabis Corp.
NAC is Canada's largest recreational cannabis retailer. With 25 retail locations nationwide, NAC is the leader in secure, safe and responsible access to legal recreational cannabis in Canada. Through its Canada-wide network of Meta Cannabis Supply Co.tm and NewLeaf Cannabistm recreational cannabis retail stores and NAC Medical's cannabis clinics and pharmacy partnerships, NAC enables the public and registered patients to gain knowledgeable access to Canada's network of authorized Licensed Producers of cannabis. NAC is listed on the TSX Venture Exchange under the symbol (TSXV: META).

For more information, visit:
www.newleafcannabis.ca
www.nationalaccesscannabis.com
www.metacannabis.com
www.nacbio.com
www.nacmedical.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE National Access Cannabis Corp.


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News published on 14 june 2019 at 20:05 and distributed by: