- Nabis
Holdings is working toward the fulfilment of its strategic expansion
strategy in the cannabis field through acquisitions like the recent one of
Cannova
- The
investment goals of the Canadian investment issuer focus on numerous
facets of the cannabis industry, including technology development
- The
agreement with Cannova gives Nabis exclusive distribution rights to
Cannova’s sublingual strips and all of the related technology
Nabis Holdings Inc. (CSE: NAB) (OTC: NABIF) (FRA: 71P) is
working toward its strategic investment goal through a recently announced 49
percent acquisition of Cannova Medical Ltd., a provider of innovative solutions
for cannabis consumption (http://ibn.fm/gtyG6).
Nabis aims to enter numerous facets of the cannabis sector, including the
creation of related technology, according to Nabis director and CEO Shay Shnet.
Based in Israel, Cannova Medical develops alternative
methods for cannabis consumption, such as sublingual strips. These are infused
with cannabis molecules that result from a patent-pending process based on
water-soluble cannabinoids and natural active ingredients.
According to Cannova, the use of sublingual strips allows
for better control of dosage quantities and an enhanced effect of active
compounds. These sublingual strips can be used to achieve an array of goals
like pain management, enhanced sleep quality and depression control.
As per the terms of agreement between the two entities,
Nabis Holdings has purchased 2,260,500 common shares that represent 49 percent
of Cannova, with the option to acquire the remaining 51 percent interest. Nabis
will retain exclusive distribution rights to the Cannova sublingual strips and
all of the related technology.
“At Cannova we are developing unique solutions addressing
the unmet need for reliable and customized cannabis consumption. The
combination of cannabis with smart and innovative technology is key to the
future of both medical and recreational cannabis usage,” Cannova founder and
CEO Omri Schanin said in a news release. Nabis Holdings’ extensive capabilities
and industry experience can help Cannova grow faster, he concluded.
Forecasts suggest that the cannabis market will continue its
rapid growth worldwide and reach $39.4 billion by 2023 (http://ibn.fm/7aCtV). Innovative
product delivery solutions and research will play key roles in promoting this
fast expansion.
Some industry analysts suggest that the cannabis market
could reach the even more impressive $107.67 billion mark by 2025, expanding at
a CAGR of 33.17 percent over the forecast period (http://ibn.fm/gslvg). The world
is already seeing massive investment in research and development for the safer
and more effective delivery of cannabis active compounds in consumer products.
Pharmaceutical, food and technology firms are all showing significant interest
in the niche due to the recent widespread legalization efforts and the higher
level of consumer awareness.
Nabis Holdings is a Canadian investment issuer that focuses
on high quality assets across industries. The company has a proven track record
of success in emerging markets, and it has demonstrated an ability to create
shareholder value.
Nabis has completed investments in five Michigan properties
that hold cannabis cultivation, provisioning and processing licenses. The
company has also officially announced its intention to invest in four or five
more states in the coming months.
For more information, visit the company’s website at www.NabisHoldings.com
NOTE TO INVESTORS: The latest news and updates
relating to NABIF are available in the company’s newsroom at http://ibn.fm/NABIF
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www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
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