The marijuana stock market has definitely seen its fair share of ups and downs over the course of the past few weeks. In that time, we have seen a slight amount of pullback, but this has swiftly been followed up by a new bullish run. This type of up and down movement, however, is quite characteristic of the marijuana industry as a whole and has been since its inception. Despite some volatility, it appears as though there are several companies that have shown quite a large amount of opportunity for the future. These businesses may not be the largest players in the industry, but they definitely are bringing an alternative side of the space to light.
Nabis Holdings (INNPF/NAB) is one of the leading companies currently working out of the Canadian marijuana space. The company has been moving toward investing in companies with high cash flow throughout the various vertically integrated facets of the marijuana market. With such a solid track record, Nabis Holdings has remained one of the most intriguing companies to keep an eye on over the past year or so.
Recently, Nabis Holdings stated that they have entered into an agreement to acquire a 49% stake in the Israeli-based company, Cannova Medical. The deal also states that they may have the option to buy the rest of the company if they so choose into the future. The deal, worth around $1 million, will give Nabis Holdings 2.26 million shares of Cannova with the option as previously mentioned, to buy the rest.
For those who don’t know, Cannova has been working in the Israeli market by developing new ways that cannabis can be taken in by the body. Their flagship product, which is a sublingual strip infused with various cannabis components, has shown itself to have a large amount of potential for dosage control and fast delivery. Shay Shnet, CEO of Nabis Holdings stated that “Cannova’s patent-protected solution allows the user to get a customized, personal combination of THC, CBD, and other active ingredients that meet their personal, unique requirements in real time, and thus changing the way Cannabis is consumed.” The company has a large amount of potential for the next generation of marijuana, and it looks as though Nabis Holdings wishes to take advantage of this.
Medical Marijuana Inc. (NASDAQOTH:MJNA) is definitely not one of the largest players in the market, but that should dissuade any potential investors. The company has been working to sell a wide variety of hemp-oil and hemp-derived cannabidiol based products. With the passing of the Farm Bill in the U.S., legalizing industrial hemp, the CBD market has seen a boom in the past few months.
Many have stated that CBD is the future of the cannabis market, and additionally, CBD has substantially increased the market share of the health/wellness side of the industry. Medical Marijuana Inc. continues to demonstrate that they have a lot of potential when it comes to the future of cannabis.
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