NetworkNewsBreaks – Nabis Holdings Inc. (CSE: NA
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Posted On: 06/12/2019 4:41:18 PM
NetworkNewsBreaks – Nabis Holdings Inc. (CSE: NAB) (OTC: INNPF) (FRA: 71P) Enters Definitive Agreement to Acquire Desert Hot Springs, California Dispensary
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 its entry into a definitive agreement to acquire 100% ownership of Desert’s Finest, a Desert Hot Springs, California-based 6,000 square foot dispensary. According to the update, the dispensary is licensed for the sale of cannabis products by the state of California and includes the potential, subject to future submission, for license expansion to add production and cultivation activities. “As we continue national expansion of the Nabis footprint, we are pleased to announce our first acquisition in the state of California, one of the dominant cannabis markets in the United States,” Nabis CEO and Director Shay Shnet said in the news release. “Desert’s Finest has successfully generated material revenue driven in part by their convenient dispensary location in the Palm Springs region and extensive list of registered patients. We look forward to adding Desert Hot Springs to the Nabis portfolio and the loyal customer base to the Nabis brand.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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 its entry into a definitive agreement to acquire 100% ownership of Desert’s Finest, a Desert Hot Springs, California-based 6,000 square foot dispensary. According to the update, the dispensary is licensed for the sale of cannabis products by the state of California and includes the potential, subject to future submission, for license expansion to add production and cultivation activities. “As we continue national expansion of the Nabis footprint, we are pleased to announce our first acquisition in the state of California, one of the dominant cannabis markets in the United States,” Nabis CEO and Director Shay Shnet said in the news release. “Desert’s Finest has successfully generated material revenue driven in part by their convenient dispensary location in the Palm Springs region and extensive list of registered patients. We look forward to adding Desert Hot Springs to the Nabis portfolio and the loyal customer base to the Nabis brand.”
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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