Nabis Holdings (CSE:NAB) (OTC: INNPF) (FRA: 71P), a leading
Canadian investment company with specialty investments in assets across
multiple divisions of the cannabis sector, this morning announced its entry
into a definitive agreement to acquire 100% ownership of Desert’s Finest, a
Desert Hot Springs, California-based 6,000 square foot dispensary. According to
the update, the dispensary is licensed for the sale of cannabis products by the
state of California and includes the potential, subject to future submission,
for license expansion to add production and cultivation activities. “As we
continue national expansion of the Nabis footprint, we are pleased to announce
our first acquisition in the state of California, one of the dominant cannabis
markets in the United States,” Nabis CEO and Director Shay Shnet said in the
news release. “Desert’s Finest has successfully generated material revenue
driven in part by their convenient dispensary location in the Palm Springs
region and extensive list of registered patients. We look forward to adding
Desert Hot Springs to the Nabis portfolio and the loyal customer base to the
Nabis brand.”
To view the full press release, visit http://ibn.fm/811sL
About Innovative Properties Inc. (d/b/a Nabis Holdings)
Nabis Holdings is a Canadian investment issuer that invests
in high quality cash flowing assets across multiple industries, including real
property, securities, cryptocurrency, and all aspects of the U.S. and
international cannabis sector. Led by two of the co-founders of MPX
Bioceutical, one of the largest takeovers in the U.S. Cannabis space to date,
the company has a proven track record in emerging markets to create significant
shareholder value. The Company is focused on investing across the entire
vertically integrated aspects of the space with a focus on revenue generation,
EBITDA and growth. For more information, visit the company’s website at www.NabisHoldings.com.
NOTE TO INVESTORS: The latest news and updates
relating to INNPF are available in the company’s newsroom at http://ibn.fm/INNPF
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