Although many marijuana stocks are still listed on smaller exchanges, the entrance of some companies onto large U.S. exchanges has helped to completely shift the market. Not only has this brought in a large amount of much-needed capital, it has also helped to get the word out about cannabis to more institutional investors than ever before.
These big exchanges have however been reluctant to accept marijuana stocks onto their platform as only a few years ago, the fear of the market retreating was quite evident. As we move further into the largest year for cannabis in history, it seems as though more and more companies are taking advantage of this growing side of the industry.
Nabis Holdings (INNPF/NAB) is one of the leading Canadian investment issuers throughout the market. The company states that they invest in high-quality cash flowing assets around various industries, although their focus recently has been in cannabis. One of the key factors about the business is that they have moved into the international market on marijuana which should help them as the future of the industry comes and goes.
Nabis Holdings recently stated that they are entering into a binding letter of intent to invest in two strategically located properties worth around $6 million. These properties are licensed as provisioning centers and both are located in the greater Detroit area. Nabis has stated that the addition of these properties will help them to generate as much as $10 million in annual revenue by the end of the 2019 year, which is quite exciting for the company.
Nabis Holdings has also stated that a large amount of their interest is in creating a fully vertically integrated business which means that they will control every aspect of production and the sale of their product. The company is led by two of the co-founders of the company MPX Bioceutical which completed one of the largest takeovers in the history of the U.S. cannabis market. This helps to illustrate just how much experience they have in the industry as they head to the future. All in all, Nabis Holdings should remain on any investors watchlist for the coming months of the marijuana space.
Aurora Cannabis (NYSE:ACB) is one of the leading cannabis companies working on a large U.S. exchange. Aurora has stated that they have the potential to grow as much as 120,000 kilograms per year, and in the future, they have the goal of upping that to as much as 700,000 kilograms when operating at full capacity. Of course, they are also working on the global distribution of their cannabis products which is quite important when considering the massive amount of marijuana they are growing.
Currently, Aurora Cannabis has around 20% of the entire market on cannabis in Canada as far as recreational cannabis goes. This means that they should have a bright future ahead of them if they continue at the pace they are at. Aurora Cannabis is a company that should be watched by investors as a way to view how the market as a whole is doing.
Disclaimer: 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).