Projections for the marijuana stock market have shot up over the course of the past few months to years. Since that time, we have seen a large amount of investments into the space as well as a shift in the public perception regarding the substance. The goal of the market is to continue searching to find its stride which seems to be a mixture of growing more and more cannabis in addition to building out the services industry that coincides with the rest of the market. The future, however, continues to look very bright.
Nabis Holdings (NABIF/NAB) is one of the leading investment issuers working in the industry. The company states that they invest in high-quality cash flowing assets throughout not just the cannabis growth market, but everything from technology to services in the industry. The company also has quite a solid track record, including the two co-founders who previously led MPX Bioceutical to the largest cannabis takeover in the U.S. cannabis market. The company has stated that their main focus is on producing results through investing in vertically integrated spaces within the market. Additionally, they have also stated that they are focused on revenue generation and general growth into the future.
The company recently announced that they have entered into a revised agreement led by Canaccord Genuity Corp. and Events Capital Corp. to help bring in a large amount of capital so that they can fulfill their growth needs into the future. They have done this through the sale of debenture units which have helped to raise as much as C$35 million. With this new lot of capital they should be able to build a brighter future in the industry.
Cannabis is expected to reach as much as $57 billion over the course of the next ten or so years. One of the states in the U.S. that have been popping onto the map for their potential is Michigan. Nabis Holdings has been working to delve deeper into the market there, by purchasing provisioning centers to then be approved by the state. With these provisioning centers, they should be able to work toward their goal of creating a completely vertical operation.
KushCo Holdings (NASDAQOTH:KSHB) is one of the largest providers of packaging and services for the cannabis industry at large. The company started out solely doing packaging, but since they have seen the lucrative opportunities that are available in the market, they have begun to venture into other sides of the space. Similar to Nabis Holdings, they stated that they believe there is a large amount of potential in the Northeast of the U.S.
The company has been working to begin the sales of solvents and hydrocarbons used in the extractions of cannabis oils and cannabinoids. As hemp continues to see its day in the U.S., the hopes are that KushCo can see some more success in that side of their business. Regardless, they should continue to be watched toward the coming months.
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).