The marijuana stock market has been hotly benefitted by the amount of positive occurrences that have happened over the past year or so. Many companies have seen the large benefit from this as well recently, which has resulted in the cannabis industry being one of the friendliest spaces for investors that we have seen. When people think of marijuana stocks, most of the time they know about the companies that grow the substance which have remained at the top of the market. Despite this, there are a large amount of companies that offer services and are a part of the ancillary space on cannabis instead.
Nabis Holdings (INNPF/NAB) is a Canadian investment issuer that has been working to invest in high-quality cash flowing assets throughout the various facets of the marijuana sector. The company has stated that they have a large interest not only in the domestic landscape but in the potential of being a part of the international market as well. For those who don’t know, the company is led by two of the co-founders of MPX Bioceutical which famously completed one of the largest cannabis takeovers in the U.S. marijuana space to date. This should just help to build trust in Nabis Holdings as they continue to work toward building shareholder value, revenue generation, and growth.
Recently, the company announced that they have received a broad amount of shareholder approval for a name change in the company. The company has also stated that they plan to update all of their investors on a new strategic growth plan which includes all of the recent progress they have made.
Shay Shnet, CEO of Nabis Holdings stated that “Over the past several months our team has diligently executed our strategic plans to identify and invest in vertically integrated cannabis assets primarily in U.S. limited license states with large, addressable markets, including Michigan, Arizona, California, Massachusetts, and Nevada. While we make strides in the progression of our investments, the recent Annual Shareholder Meeting yielded a number of positive corporate changes, including the formal adoption of the Nabis Holdings name, providing clarity for investors, as well as a strong anchor for the business.” All in all, the prospects that Nabis Holdings has to succeed in the future of the cannabis market make them an obvious choice to keep an eye on for the coming years in the industry.
Aurora Cannabis (NYSE:ACB) is one of the largest marijuana producers in the world and a top producer in Canada in their projected grow amount. The company currently has as much as $379 million in free cash which mostly stems from a CA$345 million convertible equity offering that they completed, in the beginning, go the year.
The company also has been working to acquire a large amount of other businesses such as their $2 billion buyouts of MedReleaf which has helped to bring in a large amount of value to the company. The goal with all of this free capital is to move deeper into the international space on cannabis as they continue to make their name in the world of marijuana.
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).