Nabis Holdings Announces DTC Eligibility for the U.S. Markets
May 01 2019 - 5:00AM
Innovative Properties Inc. d/b/a Nabis Holdings (CSE: NAB; OTC:
INNPF; FRA: 71P) (“
Nabis” or the
“
Company”), a leading Canadian investment company
with specialty investments in assets across multiple divisions of
the cannabis sector, is pleased to announce that it has secured
eligibility by The Depository Trust Company (DTC) for its shares on
the OTC Market in the United States.
The DTC is a subsidiary of the Depository Trust
& Clearing Corporation (DTCC) and manages the electronic
clearing and settlement of publicly traded companies. Securities
that are eligible to be electronically cleared and settled through
the DTC are considered "DTC eligible." This electronic method of
clearing securities speeds up the receipt of stock and cash,
accelerates the settlement process for investors and brokers, and
reduces transactional costs for participating brokerage firms.
Additionally, DTC eligibility enables the stock to be traded over a
much wider selection of brokerage firms, many of whom require DTC
eligibility as a compliance measure. Shay Shnet, CEO & Director
of Nabis, stated, "We are pleased to have secured DTC eligibility
improving our investment appeal to the U.S. investment community.
The ability for investors to electronically transfer between
brokerages in the U.S. is significantly more convenient and
provides to existing investors the benefit from greater liquidity
and execution speeds, while attracting new investors to gain access
that may have been previously restricted from investing in
Nabis.”
About Innovative Properties Inc. (dba
Nabis Holdings)
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/.
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:
Company Contact:PH:
604-687-7130info@nabisholdings.com
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