It seems as though some marijuana stocks are beginning to reap the benefits from a battle with profitability. The main reason being. Starting a cannabis company is extremely labor-intensive as well as capital heavy. The majority of free cash in the cannabis market ends up going toward the building of facilities and the production of the first batch or so. After this, companies are more easily able to see profits begin to come back into the equation.
A Key Investment Issuer Cannabis Stock
Nabis Holdings (NABIF/NAB) is considered to be one of the leading Canadian investment issuers. The company has stated that their main focus is investing in high-quality cash flowing assets throughout the various facets of the marijuana stock market.
For some context, the two co-founders of the company previously founded MPX Bioceutical. MPX Bioceutical famously completed one of the largest takeovers in the U.S. cannabis space to date. The company has also stated that they have a very solid track record in investing throughout the various vertical aspects of the cannabis stock market, with a strong emphasis on revenue generation, EBITDA and growth.
A Big Acquisition for Nabis Holdings
Nabis Holdings recently announced that they have signed into an agreement to acquire 100% ownership of the company Desert’s Finest. Desert’s Finest is a 6,000 square foot dispensary currently located in Desert Hot Springs, CA. Licensed by the state of California, the company also has the option to add a license expansion. This means that more expansion could be on the horizon for the joint partnership between Nabis Holdings and Desert’s Finest.
Desert’s Finest is a dispensary located right near Palm Springs, CA. Palm Springs is considered to be one of the hotbeds of Southern California. The company currently has as many as 37,000 registered patients. Which are able to benefit from the Coachella Valley Music Festival, which brings in a large number of customers. With a wide assortment of products, Desert’s Finest seems like a solid entrance into the Californian market for Nabis Holdings.
An Alternative Marijuana Stock to Keep an Eye On
Constellation Brands (NYSE:STZ) is in no way a traditional marijuana stock. The company operates by investing in the market. With a 40% share in the latter, the duo has the goal of producing high-quality cannabis-infused beverages. The cannabis-infused beverage market is one of the fastest-growing sub-markets within the marijuana space, which just goes to show the potential of the company.
Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), Midam Ventures LLC and Innovative Properties Inc dba Nabis Holdings, Midam has been paid $500,000 from Innovative Properties Inc dba Nabis Holdings for a period from 4/10/2019 to 7/25/2019. Midam has been compensated an additional $400,000 and 200,000 common restricted shares of Nabis Holdings to extend coverage an additional 6 months ending 1/25/2020. We may buy or sell additional shares of Innovative Properties Inc dba Nabis Holdings in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Innovative Properties Inc dba Nabis Holdings