NetworkNewsBreaks – Nabis Holdings (CSE: NAB) (O
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Posted On: 05/13/2019 3:49:36 PM
NetworkNewsBreaks – Nabis Holdings (CSE: NAB) (OTC: INNPF) (FRA: 71P) Enters Definitive Agreement to Purchase Certain Assets from PDT Technologies
Innovative Properties Inc. d/b/a 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 that, through a wholly owned subsidiary, it has entered a definitive agreement to purchase certain assets from PDT Technologies LLC (“PDT”). According to the update, the assets include extraction and production equipment, rights to lease PDT’s current production facility in Port Townsend, Washington, and exclusive licensing rights throughout Washington state to Chong’s Choice brand products, one of the leading and most recognizable brands in the cannabis space.
“Our agreement with PDT stands to dramatically expand our footprint and licensing capabilities in the well-established, state of Washington,” Nabis CEO and Director Shay Shnet said in the news release. “In connection with the acquisition, our expansion of the existing facility with a new ISO designed extraction clean room and GMP lab facility falls squarely within our aggressive expansion plans. Additionally, the included licensing rights for the Chong’s Choice brand represents a compelling addition to the recreational and lifestyle aspect of the Company’s investment portfolio in intellectual property.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Innovative Properties Inc. d/b/a 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 that, through a wholly owned subsidiary, it has entered a definitive agreement to purchase certain assets from PDT Technologies LLC (“PDT”). According to the update, the assets include extraction and production equipment, rights to lease PDT’s current production facility in Port Townsend, Washington, and exclusive licensing rights throughout Washington state to Chong’s Choice brand products, one of the leading and most recognizable brands in the cannabis space.
“Our agreement with PDT stands to dramatically expand our footprint and licensing capabilities in the well-established, state of Washington,” Nabis CEO and Director Shay Shnet said in the news release. “In connection with the acquisition, our expansion of the existing facility with a new ISO designed extraction clean room and GMP lab facility falls squarely within our aggressive expansion plans. Additionally, the included licensing rights for the Chong’s Choice brand represents a compelling addition to the recreational and lifestyle aspect of the Company’s investment portfolio in intellectual property.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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