TORONTO, Oct. 19, 2020 /CNW/ – Meta Growth Corp. (TSXV: META) (“Meta Growth”, “META” or the “Company”), a leading Canadian recreational cannabis retailer, today announced the opening of a new Meta Cannabis Co. cannabis retail store located at 79 Front Street East in the thriving area close to St. Lawrence Market in Toronto, Ontario. The store is META’s third open and operating store in Ontario.
The META Front Street East location officially opened its doors on October 16 to the area and customers, inviting them to explore products by Canada’s top Licenced Producers, meet with the highly educated retail team (known as “Friendly Guides”) and enjoy opening week promotions of great prices on select items, and giveaways (while supplies last), through October 25.
The 79 Front Street East store, purpose built by the META team with their latest innovative retail design and branding, is META’s fourth new store to open in Canadawithin the last 60 days. Another Meta Cannabis Co. store is planned to open before the end of October in Scarborough, Ontario at 85 Ellesmere Road in the Parkway Mall plaza.
As previously announced on August 21, 2020, META and High Tide Inc. (“High Tide”) entered into a definitive arrangement agreement pursuant to which High Tide will acquire all of the issued and outstanding shares of META by way of a statutory plan of arrangement (the “Plan of Arrangement”). The combined entity following completion of the Plan of Arrangement (the “Combined Entity”), is expected to be the largest Canadian cannabis retailer by revenue, and plans to have 115 locations throughout Canada by the end of 2021, pending regulatory approvals in the various provinces.
About Meta Growth
Meta Growth is a leader in secure, safe and responsible access to legal recreational cannabis in Canada. Through its Canada-wide network of Meta Cannabis Co.™, Meta Cannabis Supply Co.™ and NewLeaf Cannabis™ recreational cannabis retail stores, Meta Growth enables the public to gain knowledgeable access to Canada’s network of authorized Licensed Producers of cannabis. On August 21, 2020, Meta Growth announced that it entered into a definitive arrangement agreement with High Tide in connection with the Plan of Arrangement, whereby High Tide will acquire all of the issued and outstanding shares of Meta Growth. The Combined Entity is expected to create Canada’s largest cannabis retail network with 63 stores across Canada. It is expected that, subject to receipt of all regulatory, court, shareholder and other approvals, the Plan of Arrangement will be completed in the fourth quarter of 2020. Meta Growth is listed on the TSX Venture Exchange under the symbol (TSXV: META).
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