Nabis Holdings Completes Investments in Two Additional Assets in Emmett Township and Kawkawlin, Michigan
November 18 2019 - 8:30AM
Nabis Holdings Inc. (CSE:NAB) (OTC: NABIF) (FRA:
A2PL) (“NabisTM” or the “Company”), a leading Canadian investment
company with specialty investments in assets across multiple
divisions of the cannabis sector, today announced that it has
completed its investments in two strategically located properties
that have municipal approvals for provisioning centers in Emmett
Township and Kawkawlin, Michigan. These properties bring the
Company’s total number of investments in Michigan to seven.
For more details on the Nabis Michigan portfolio, please
visit https://www.nabisholdings.com/Michigan/.
“We continue to progress on our growth strategy in Michigan with
the completion of our investments in two assets located in Emmett
Township and Kawkawlin,” said Shay Shnet, CEO and Director of
Nabis. “As one of the largest medical license cannabis markets in
the U.S., this milestone aligns with Nabis’ long-term growth
strategy of entering into limited license states and decisively
positions the company to continue successfully expanding its
footprint nationwide.
Pursuant to the investment agreements, the Company paid a
combination of cash at closing and deferred cash for an undisclosed
total amount.
Effective December 1, 2019, the Michigan cannabis market
broadens beyond medical use as residents will be able to legally
purchase marijuana from stores for recreational use.
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. 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/.
Forward-Looking StatementsAll
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:
Investor Contact:Allison
SossKCSA Strategic Communications PH:
212-896-1267Nabis@kcsa.com
Company Contact:Shay Shnet, CEO
and DirectorPH: 416.223.2300info@nabisholdings.com
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