CannabisNews420.com – Cannabis/Marijuana Industry News
The 2019 year has already shown a large amount of upward momentum for the world of marijuana stocks. One of the biggest reasons for the optimism shared throughout the industry is the fact that many states in the U.S. as well as Canada have both moved forward with their recreational cannabis industries. Not only is North America working on this, but around the world many nations are beginning to put in place legislation that may allow for the use and purchasing of recreational adult-use cannabis.
As we continue to move throughout the future of the industry, it seems as though North America will reign supreme as far as cannabis is concerned. Some companies however have been able to show a large amount of potential amidst the rampant competition in the industry, but as always innovation is leading the fight.
Nabis Holdings (INNPF/NAB) recently stated that they have entered into a binding term sheet with the company Momentum Ideas Co. This binding term sheet will allow for the former to be able to have access to certain assets that are currently marketed under the brand name Bloombox. Bloombox currently stands as one of the preeminent intelligent retail cannabis software platforms. The goal with this acquisition is for Nabis Holdings to have access to one of the world’s first standards-based cannabis software systems. This will put them at the forefront of the industry as far as retail and wholesale cannabis is concerned.
The CEO of Nabis Holdings Shay Shnet, stated that “Bloombox is a strategic investment for Nabis as it creates a very well established retail and supply chain ecosystem to be used and distributed across the Nabis’ network of dispensaries across the United States. We look forward to working with the Bloombox team to further establish this retail cannabis software as the industry standard that we expect to be adopted by almost all cannabis retail locations, supply chains and users.”
While this may seem like a farfetched goal, the technology shows that it is very realistic to be at the forefront of the cannabis market with this new technology. Nabis Holdings for those who don’t know is a Canadian investment issuer that works by investing in high cash flow assets throughout various aspects of the cannabis industry as well as other markets. All in all, Nabis Holdings should remain on any investors watchlist as we continue to move throughout the coming months of the marijuana industry.
Canopy Growth Corp. (NYSE:CGC) should be a familiar name to anyone who knows anything about the cannabis investment market. The company has been working to increase their revenue substantially, as it stood at nearly CA$100 million for the quarter ending on December 31st of last year.
This number shows a jump of around 283% since that time during the previous year. Most of this, of course, can be attributed to the recently founded recreationally legal market for cannabis in Canada. This was one of the largest changes to the whole of the industry and has helped to show that a broad marijuana market can be successful on a large scale. Canopy should continue to be watched as one of the strongholds in the industry as legalization continues to strike around the world.
Disclaimer: Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), Midam Ventures LLC and Nabis Holdings (OTC:INNPF) (CSE:NAB), Midam has been paid $250,000 by Nabis Holdings (OTC:INNPF) (CSE:NAB) for a period from January 22, 2019 to April 22, 2019. We may buy or sell additional shares of (OTC:INNPF) (CSE:NAB) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Nabis Holdings (OTC:INNPF) (CSE:NAB).
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