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Posts published in “LPs”

MJardin Awarded Cultivation & Processing License from Health Canada for its Largest Facility

MJardin announced that the Company received a C$11 million payment towards the previously announced Letter of Intent (LOI) joint venture agreement with Peguis First Nation (51%) that will see Peguis purchase the existing land and buildings from MJardin and additionally fund the capital expenditures required to complete Phase 2 of the facility for approximately C$20.5 million. The joint venture agreement is expected to close in early 2020.

Meta Growth Announces $11 Million Loan Agreement and Deepens Relationship With Opaskwayak Cree Nation

National Access Cannabis Corp. d/b/a Meta Growth, Canada's largest publicly traded recreational cannabis retailer by revenue1, today announced that it has entered into a loan agreement with Opaskwayak Cree Nation ("OCN") in respect of an unsecured loan, pursuant to which OCN will lend up to $11,000,000 to META (the "Loan"). The Company plans to use the proceeds from the Loan to fund the build-out of its Ontario portfolio of cannabis retail locations as well as for working capital purposes.