Nabis Holdings (CSE: NAB) (OTC: NABIF) (FRA: 71P), a
leading Canadian investment company with specialty investments in assets across
multiple divisions of the cannabis sector, today announced its entry into a
definitive agreement for the acquisition of 100 percent of the membership units
of a licensed medical marijuana business in the state of Arizona (“The Asset”).
The Asset, according to the update, is licensed under the provisions of the
Arizona Medical Marijuana Act and operates a dispensary in Phoenix, which has
been operational since 2015 with proprietary branded products and wholesale
operations, including an established distribution network serving more than 50 percent
of Arizona’s dispensaries. “We’re excited to sign a Definitive Agreement for
this strategic acquisition of vertically integrated assets in the state of
Arizona,” Nabis CEO and Director Shay Shnet said in the news release. “Entering
Arizona is a key milestone in our business as we leverage our early-mover
advantage to capitalize on one of the strongest limited-license, medical
cannabis markets in the U.S.”
To view the full press release, visit http://ibn.fm/VOdSW
About Nabis Holdings Inc.
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, please visit 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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