Nabis Holdings Completes Investments in Two Additional Municipally Approved Provisioning Centres - Battle Creek & Constantine...
2019年4月10日 - 4:00PM
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Innovative Properties Inc. dba 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 Battle Creek (“Battle Creek”) and Constantine (“Constantine”),
both located in Michigan. The Company is currently targeting to
complete three additional provisioning center acquisitions in the
coming weeks, bringing the total to 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.
“We continue to cement our foundation in
Michigan with the completion of our investments in the Battle Creek
& Constantine provisioning centres. With additional
provisioning centres, we believe Nabis is well positioned in the
largest medical license cannabis market in the U.S.,” said Shay
Shnet, CEO & Director of Nabis. “Our strategic plan to
aggressively expand into many other limited license states remains
the top priority for our team. The closing of these two investments
mark another important milestone for Nabis, as we continue to
successfully expand our presence nationwide.”
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, 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/.
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.
ON BEHALF OF THE BOARD OF
DIRECTORS
“Shay Shnet”
Shay ShnetCEO and Director
For inquiries, please contact:
Company Contact:PH:
604-687-7130info@nabisholdings.com
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