Nabis Holdings Expands Arizona Footprint With Acquisition of 44,000 sq. ft. Cultivation, Fulfillment and Production Facility
September 10 2019 - 7:17AM
Nabis Holdings Inc. (CSE:NAB) (OTC: NABIF) (FRA:
A2PL) (“NabisTM” or the “Company”), a leading Canadian investment
company with specialty investments in assets across multiple
divisions of the cannabis sector, today announced that it has
closed the acquisition of a cultivation, production and fulfillment
facility located in Camp Verde, Arizona near Phoenix. This is the
second announced acquisition for Nabis in the state of Arizona
following its definitive agreement to acquire a licensed medical
marijuana business including a Phoenix dispensary.
The 44,000 square foot cultivation, fulfillment and production
facility is located on 2.5 acres of total land and is one of the
largest industrial warehouses in the Verde Valley. In addition to
its expansive floor space, the property features a 4,000 square
foot mezzanine, 2,000 square feet of executive offices and a 2,000
square feet production office, given the facility’s 56-foot ceiling
height clearance there is ample room for doubling growth.
Acting as the hub of Nabis’ operations, the facility will play an
integral role in the expansion of the Company's business
operations, adding to its portfolio of vertically integrated assets
in Arizona.
Both the zoning verification letter and business license to
cultivate marijuana in the Town of Camp Verde are secured with the
sale. Nabis is currently in the process of completing the transfer
of licenses.
“We are excited to progress on our growth strategy in Arizona
with the purchase of the Camp Verde facility in keeping with
our mission to expand cultivation and production operations into
next year, ” said Shay Shnet, CEO & Director of Nabis. “Our new
hub, strategically located in the Southwest, will be designed with
the highest standards in mind keeping production best practices as
our mission. With the closing of this investment, we continue to
work on expanding our footprint across U.S. limited license states
as part of our U.S. cannabis strategy.”
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
https://www.nabisholdings.com/.
Forward-Looking StatementsAll statements, other
than statements of historical fact, included herein are
forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements. The
risks are without limitations: that the acquisitions will be
completed by the Company or completed upon the terms disclosed; the
price for cannabis and related products will remain consistent and
the consumer demand remains strong; availability of financing to
the Company to develop the retail locations; retention of key
employees and management; changes in State and/or municipal
regulations of retail operations and changes in government
regulations generally. Important factors that could cause actual
results to differ materially from the Company’s expectations are
disclosed in the Company’s documents filed from time to time with
the Canadian Securities Exchange, the British Columbia Securities
Commission, the Ontario Securities Commission and the Alberta
Securities Commission.
The CSE does not accept responsibility for the adequacy
or accuracy of this release.
For inquiries, please contact:
Investor Contact:Allison SossKCSA Strategic
Communications PH: 212-896-1267Nabis@kcsa.com
Company Contact:Shay Shnet, CEO
and DirectorPH: 905-581-5521 x107info@nabisholdings.com
A photo accompanying this announcement is available
at https://www.globenewswire.com/NewsRoom/AttachmentNg/31216e1d-d629-4910-9668-68a28de0a127
A photo accompanying this announcement is available
at https://www.globenewswire.com/NewsRoom/AttachmentNg/f1a2ff67-5216-4533-9cdc-cc14459f5612
Nabis (CSE:NAB)
Historical Stock Chart
From Jun 2024 to Jul 2024
Nabis (CSE:NAB)
Historical Stock Chart
From Jul 2023 to Jul 2024