National Access Cannabis (NAC) and The Second Cup announced today, in a news release, that they have joined forces to operate recreational marijuana dispensaries and lounges in legally permissible jurisdictions in Canada.
NAC has a Canada-wide network of care centres that provide medical patients, and the public, education and access to regulated medical cannabis.
“With exceptional quality real estate located across Canada, our alliance with Second Cup will offer consumers access to quality cannabis products and the superior service in the comfortable setting they’ve come to expect from NAC,” said Mark Goliger, Chief Executive Officer of National Access Cannabis. “This relationship allows us to quickly expand our footprint in proven high-traffic retail locations across Canada. With an initial focus on Western Canada, we’ll look to work with Second Cup to license select storefronts, utilizing our proven business model to deliver secure, safe, and responsible access.”
The Second Cup is Canada’s second largest coffee retailer operating franchised and company owned cafes across Canada.
“NAC has developed a strong reputation as a leading operator in the cannabis industry. This strategic relationship provides Second Cup with a great opportunity to leverage our select real estate assets to increase value for shareholders and franchisee partners. At the same time, we remain focused on growing our Second Cup brand and sales through continued product innovation and expanding our network across Canada,” said Garry Macdonald, Second Cup’s President & CEO.
NAC commented that they will undertake the licensing application process that would allow them to sell marijuana products, and when licenses are granted, will work with The Second Cup to leverage its “extensive Canadian retail footprint to construct retail stores carrying leading cannabis products, including products supplied by CannaRoyalty, California’s largest legal distributor of cannabis products.”
NAC said the company will develop its operations initially in Western Canada and will expand to other provinces as laws and regulations permit.
By Marijuana.Ca Staff