The 2019 year for cannabis has already shown a large amount of potential over the end of last year. During September of 2018, we saw many of the most popular stocks in the industry shoot down in value amidst changing legislation and destabilization of where many thought the market could go. Despite this, 2019 has already managed to turn this around, allowing for new and higher valuations for many of the large and midsize companies in the industry.
February predictions helped to illustrate that the market could see a large amount of upward momentum as the year moved on, and it seems as though we have seen more stability overall during that time. Moving forward, the hopes are that the industry can continue to lower itself on volatility as projections become closer in reach.
Nabis Holdings (NABIF/NAB) is a Canadian investment company that works by putting their money into high quality, high cash flow assets throughout various industries. This means that their holdings are quite diverse and don’t only span the pure-play cannabis market. The company has had a solid track record as well in the market, helping to increase shareholder value and boost companies performance.
In recent news, the company announced that they are entering into a binding letter of intent to invest in two properties located in Michigan. These properties, which Nabis Holdings recently received municipal approvals for, should help them to continue on their goal to producing vertically integrated cannabis and cannabis products.
The provisioning centers, worth around $6 million, have shown that they have produced as much as $9 million in revenue back in 2018. Nabis Holdings has stated that they are hoping to see around $18 million by the end of the 2020 year which makes this look like quite a solid investment. This will bring Nabis’ total properties to seven provisioning centers in Michigan alone, and they have no plans to slow down soon. All in all, Nabis Holdings remains one of the key investment issuers to watch for the future of the cannabis market.
Innovative Industrial Properties (NYSE:IIPR) works in a similar field to Nabis Holdings, but the differ in the fact that they are an REIT or real estate investment trust. The company saw their stock jump up by as much as 25% during the February month, which shows the amount of investor interest in the company, and their commitment to growth.
The company recently announced that their operating partnership subsidiary, IIP Operating Partnership, conducted a private offering of senior notes. While some believe that this may have been the reason for growth during the month, the most likely cause is the fact that their growth prospects are quite high.
Additionally, operating as an REIT means that they have to pay the majority of their revenue back to investors. Innovative Industrial Properties remain an interesting outsider company for those who don’t want the full exposure to the cannabis industry, but still want to see the bullish sentiment reflected in their portfolio.
Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), Midam Ventures LLC and Nabis Holdings (OTC:INNPF) (CSE:NAB), Midam has been paid $250,000 by Nabis Holdings (OTC:INNPF) (CSE:NAB) for a period from January 22, 2019 to April 22, 2019. We may buy or sell additional shares of (OTC:INNPF) (CSE:NAB) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Nabis Holdings (OTC:INNPF) (CSE:NAB).