The marijuana stock market has seen quite a bit of action in the acquisition side over the past year or so. In that time, we have seen companies valuations shoot up as well as their commitment to growing into the near future. Many businesses have been implementing new growth strategies to make sure that they are capturing their fair amount of market share. With so much going on in both the U.S. and Canadian marijuana markets, it can at times be difficult to keep up with where the industry is headed. All in all, the best advice is to not discriminate based on the size of the company and to always do the proper research before investing.
Nabis Holdings (INNPF/NAB) is one of the largest Canadian investment issuers currently working in the marijuana market. The company has been investing in high-quality cash flowing assets throughout the various facets of the cannabis market for quite some time now. The two co-founders of the company, also famously founded MPX Bioceutical which completed the largest takeover in the U.S. cannabis space to date.
This should just serve to give some context to how much background the company has in the industry. With its main focus being revenue generation and growth across the vertically integrated sides of the market, Nabis Holdings has time and time again demonstrated that they have a large capacity for future growth potential.
Recently, the company announced that they have finalized their purchase of assets from PDT Technologies. This deal, months in the making, has seen Nabis Holdings purchase the various assets that PDT has to offer including extraction and production equipment as well as the rights to lease a facility in Port Townsend, WA. Additionally, this deal also will allow the company to have rights to all licensing for Chong’s Choice brand products in the entire state of Washington.
Shay Shnet, CEO of Nabis Holdings stated that “We are thrilled to officially enter Washington State with the purchase of PDT’s certain assets. Washington represents the successful execution of another promising opportunity that will expand our production and licensing capabilities.” This is yet another exciting update for Nabis Holdings as they continue on their way to meeting their future expansion goals.
KushCo Holdings (NASDAQOTH:KSHB) stands on the alternative side of the marijuana industry. The company has been working to produce a large range of packaging and product solutions to meet the never-ending legislation that governs how cannabis can be sold. With such a high demand for the product, KushCo has been able to fulfill a large amount of the need for these types of solutions.
The company has also been moving into the marketing and branding side of the market as it makes sense given they are producing the packaging. While the issue still stands of having to meet a large range of legislative barriers, KushCo continues to demonstrate how they could take over this side of the marijuana industry for the near future.
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