EDMONTON, AB, May 25, 2021 /CNW/ - Nova Cannabis Inc. (the
"Company" or "Nova") (TSXV: NOVC), is pleased to
announce today that it has been added to the Cannabis ETF (NYSE:
THCX) ("THCX"), an exchange traded fund listed on the NYSE
Arca.
"As a newly listed company, Nova's inclusion in the THCX is a
strong validation of our business strategy and unique, focused
position within the retail cannabis landscape," said Darren Karasiuk, CEO of Nova. "We are excited
that through the THCX ETF, more US and international investors will
gain exposure to our strategy, which is purpose-built to disrupt
cannabis retail in Canada by
delivering an unparalleled value proposition to the high-volume,
value-conscious consumers that makes up the majority of the
cannabis marketplace."
The THCX tracks the Innovation Labs Cannabis Index, a portfolio
of 33 stocks that are expected to benefit from the growth of the
legal global marijuana, cannabidiol ("CBD") and hemp industries.
Nova's inclusion in the index is part of THCX's further expansion
into various cannabis sub-themes, including Nova Cannabis' unique
value-focused retail position. At the core of Nova's strategy is
the recognition that inside the four walls of a retail store is the
only place where brands will be built and the unparalleled value
and prominence that brings to the retail sector of the cannabis
market.
About The Cannabis ETF
The THCX is a U.S.-listed ETF that provides investors
with a liquid and diversified vehicle to gain access to the
explosive growth of the legal cannabis market. The THCX tracks the
Innovation Labs Cannabis Index, a modified-market
capitalization-weighted index that is rebalanced on a monthly
basis.
ABOUT NOVA CANNABIS INC.
Nova is one of Canada's largest
and fastest growing cannabis retailers with a goal to disrupt the
cannabis retail market by offering a wide range of high-quality
cannabis products at every-day best value prices. The Company
currently operates more than 55 locations across Alberta, Ontario, and Saskatchewan primarily under its Value Buds
and Nova Cannabis banners. The Company is majority owned by Alcanna
Inc. (TSX: CLIQ).
Nova's common shares trade on the TSX Venture Exchange under the
symbol "NOVC".
Additional information about Nova Cannabis Inc. is available at
www.sedar.com and the Company's website at www.novacannabis.ca.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Nova Cannabis Inc.
