Nabis Holdings Issues Letter to Shareholders
VANCOUVER, British Columbia, Aug. 21, 2019 (GLOBE NEWSWIRE) -- Nabis Holdings Inc. (CSE:NAB) (OTC: NABIF) (FRA: A2PL) (“Nabis™” or the “Company”), a leading Canadian investment company with specialty investments in assets across multiple divisions of the cannabis sector, today issued a letter to shareholders detailing its recent acquisitive activity that is laying the framework for building a leading cannabis asset manager.
“As Nabis continues to expand its footprint in the United States, we believe that now is an ideal time to update shareholders on the recent investments and acquisitions the Company has made in establishing a trusted, national brand capable of sustaining long-term growth,” stated Shay Shnet, CEO & Director of Nabis. “The Company has closed and/or signed definitive agreements on investments and acquisitions of assets in Michigan, Washington, Arizona and California. We are at a key inflection point in the company’s growth trajectory and anticipate that 2019 will be a very significant year for us. We are in a strong position to execute on our growth strategy, optimize business operations and improve overall shareholder value.”
About Nabis Holdings Inc.
Nabis Holdings is a Canadian investment issuer that invests in high quality cash flowing assets across multiple industries, including real property, securities, cryptocurrency, and all aspects of the U.S. and international cannabis sector. Led by two of the co-founders of MPX Bioceutical, one of the largest takeovers in the U.S. Cannabis space to date, the company has a proven track record in emerging markets to create significant shareholder value. The Company is focused on investing across the entire vertically integrated aspects of the space with a focus on revenue generation, EBITDA and growth.
For more information, please visit https://www.nabisholdings.com/.
All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The risks are without limitations: that the acquisitions will be completed by the Company or completed upon the terms disclosed; the price for cannabis and related products will remain consistent and the consumer demand remains strong; availability of financing to the Company to develop the retail locations; retention of key employees and management; changes in State and/or municipal regulations of retail operations and changes in government regulations generally. Important factors that could cause actual results to differ, materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time with the Canadian Securities Exchange, the British Columbia Securities Commission, the Ontario Securities Commission and the Alberta Securities Commission.
The CSE does not accept responsibility for the adequacy or accuracy of this release.
For inquiries, please contact:
KCSA Strategic Communications
Maija Palkeinen, Manager of Operations
Released August 21, 2019