Agricoltura
Nabis Holdings Completes Investment in Bangor City, Michigan Property With Ten Class C Cultivation Licenses and a Processing License
"In early 2020, our Bangor property will become a critical cultivation center for our Michigan operations, with projected harvest of more than 40,000 pounds per of dry flower per year and have the capability of producing over 35,000 pounds of high grade distillate at its full capacity," said Shay Shnet, CEO & Director of Nabis. "We remain committed to our aggressive cross-country expansion as we seek out additional opportunities in limited license states that will bolster our cultivation capabilities and expand the Company's footprint."
Pursuant to the investment agreements, the Company paid a combination of cash at closing and deferred cash for approximately $775,000 . The Company will issue Finder Fee shares subject to the board and CSE approval.
With the closing of this investment, the Company is working to complete the remainder of its previously announced binding Letter of Intent ("LOI") as it continues to grow its footprint as part of the Company's U.S. cannabis strategy.
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 https://www.nabisholdings.com/ .
For inquiries, please contact:
PH: 604-687-7130
info@nabisholdings.com