EDMONTON, AB, Sept. 7, 2021 /PRNewswire/ -- Nova Cannabis
Inc. (TSX: NOVC) (OTCQB: NVACF), today
announced that Darren Karasiuk,
CEO, will present live at VirtualInvestorConferences.com on
September 8th.
DATE: September 8th
, 2021
TIME: 1:00 PM
ET
LINK: https://bit.ly/3ylJi2m
This will be a live, interactive online event where investors
are invited to ask the company questions in real-time. If attendees
are not able to join the event live on the day of the conference,
an archived webcast will also be made available after the
event.
It is recommended that investors pre-register and run the online
system check to expedite participation and receive event
updates.
Learn more about the event at
www.virtualinvestorconferences.com.
Recent Company Highlights
- May 25, 2021 – Added to the
NYSE-listed Cannabis ETF "THCX"
- June 2, 2021 – Provides update on
business initiatives including acquisition of six stores in
Ontario to accelerate growth
- July 15, 2021 – Nova Cannabis
graduates to the TSX
- August 12, 2021 – Nova Cannabis
releases second quarter 2021 results:
-
- In two months from conversion, our Value Buds stores are
already operating at an average sales on an annual run-rate
basis1 of $3.5 million
which is, in our estimation, at least three times the sales volume
of the average Alberta cannabis
retailer
- Converted thirty-six (36) stores from legacy banners to Value
Buds
- Opened nine (9) new Value Buds stores: six (6) in Ontario and three (3) in Alberta
- Nova now has sixty (60) stores operating and a further
twenty-five (25) new stores are under development/construction with
thirty (30) more in Ontario under
active negotiation
- Launched Nova Cannabis Analytics, an ancillary revenue stream
offering comprised of a proprietary, regulatory-compliant data and
analytics platform with several subscription agreements signed
since its launch and subsequent to the end of the fiscal
quarter
- Bolstered its board composition with the election of
Marvin Singer, former senior partner
at Norton Rose Fulbright
1 Annual run rate is a non-IFRS financial measure
that does not have any standardized meaning prescribed by IFRS and
therefore may not be comparable to similar measures presented by
other issuers. For more information on non-IFRS financial measures,
see the 'Non-IFRS Financial Measures' section and the 'Non-IFRS
Financial Measures' in the Nova Cannabis MD&A for the three and
six months ended June 30, 2021, which
is available on the Company's website
(www.novacannabis.ca) and on the SEDAR website
(www.sedar.com).
ABOUT NOVA CANNABIS INC.
Nova Cannabis Inc. (TSX: NOVC) 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 sixty
(60) 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).
Additional information about Nova Cannabis Inc. is available at
www.sedar.com and the Company's website at www.novacannabis.ca.
About Virtual Investor Conferences®
Virtual Investor Conferences (VIC) is the leading proprietary
investor conference series that provides an interactive forum for
publicly-traded companies to meet and present directly with
investors.
A real-time solution for investor engagement, Virtual Investor
Conferences is part of OTC Market Group's suite of investor
relations services specifically designed for more efficient
Investor Access. Replicating the look and feel of on-site
investor conferences, Virtual Investor Conferences combine
leading-edge conferencing and investor communications capabilities
with a comprehensive global investor audience network.
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SOURCE VirtualInvestorConferences.com