REPEAT - Nabis Holdings Completes Investments in Two Municipally Approved Provisioning Centres - Muskegon & Bangor City, Mich...
2019年4月4日 - 8:30PM
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S.
NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES
Innovative Properties Inc. d/b/a Nabis Holdings (CSE:NAB; OTC:
INNPF; FRA: 71P) (“
Nabis” or the
“
Company”) is pleased to announce that it has
completed its investments (“Investments”) in strategically located
properties that have municipal approvals for provisioning centres
in Muskegon (“Muskegon”) and Bangor City (“Bangor City”), both
located in Michigan. The Company is currently targeting to complete
five additional provisioning centers acquisitions in the coming
weeks to a total of seven provisioning centers in Michigan. Nabis
is currently evaluating ten to fifteen additional
municipally-approved locations in Michigan which will substantially
increase the Company’s overall presence in the U.S. cannabis space.
“The completion of our investments in the
Muskegon & Bangor City provisioning centres in Michigan are
only the start of an aggressive cross-country expansion for Nabis,”
said Shay Shnet, CEO & Director of Nabis. “With the recent
closing of our $35 million private placement debenture financing,
we are planning to move aggressively to expand our presence in many
other limited license states.”
Pursuant to the investment agreements, the
Company paid a combination of cash at closing and deferred cash for
an undisclosed total amount. The Company will issue Finder fee
shares subject to the board and CSE approval.
With the closing of the Investment, the Company
is working to complete the remainder of its previously announced
binding Letter of Intent (“LOI”) as it continues to grow its
footprint as part of the Company’s U.S. cannabis strategy.
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 (CSE:MPX), 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.
ON BEHALF OF THE BOARD OF
DIRECTORS
“Shay Shnet”
Shay ShnetCEO and Director
For inquiries, please contact 604-687-7130 or
email info@nabisholdings.com.
The CSE does not accept responsibility
for the adequacy or accuracy of this release.
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.
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