CannabisNews420.com – Cannabis/Marijuana Industry News
For quite some time now, the marijuana stock market has been riding high due to the amount of innovation occurring throughout the space. With so many pot stocks working to create value in such a high stakes market, it seems as though there is an endless opportunity for the coming future. While most people who watch the cannabis market, tend to look at the companies that grow the substance, it seems like there is a large amount of value in the companies that operate in the ancillary or alternative side of the cannabis stock industry. These companies may not be the largest, but they definitely are on their way to creating a brighter future for the whole of the market.
Investment Issuers Continue to Make Acquisitions
Nabis Holdings (INNPF/NAB) is considered to be one of the key investment issuers currently working out of the marijuana market. The company has stated that they work solely with high-quality cash flowing assets throughout the various facets of the cannabis market. For some background, Nabis Holdings is led by the two co-founders of MPX Bioceutical which famously completed one of the largest corporate takeovers in the history of the U.S. marijuana space. In the past few months, the company has maintained their focus on investing in the vertically integrated cannabis market with a heavy focus on revenue generation, EBITDA and growth.
Nabis Holdings Makes Big Future Announcement
Nabis Holdings recently announced to the public that they have signed into a definitive agreement to acquire Desert’s Finest Dispensary which is based out of Desert Hot Springs, California. The acquisition will allow Nabis Holdings to hold a 100% ownership of the dispensary, which encompasses a 6,000 square foot retail area located near Palm Springs.
In addition, the facility is also licensed by the state of California to potentially begin the expansion into production and cultivation of cannabis on the same grounds. With as many as 37,000 registered patients and a revenue north of $5.7 million, it seems as though this may be an interesting opportunity for Nabis Holdings to move deeper into the retail cannabis sector.
Shay Shnet, CEO of Nabis Holdings stated that “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.”
Another Player in the Investment Market on Cannabis
Constellation Brands (NYSE:STZ) is one of the larger investors into the marijuana market, but on their own, they do not physically engage with the plant. The company made a deal several months ago to purchase a large portion of Canopy Growth worth several billion dollars. The goal between the two was to begin on the journey of producing cannabis-infused beverages for sale on the open market.
With these beverages becoming the new thing in the cannabis space, it seems like Constellation Brands has a large opportunity moving forward. With a profit margin of 42%, Constellation Brands continues to be an interesting company to keep a close eye on.
Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), Midam Ventures LLC and Innovative Properties Inc dba Nabis Holdings, Midam has been paid $500,000 from Innovative Properties Inc dba Nabis Holdings for a period from 4/10/2019 to 7/25/2019. Midam has been compensated an additional $400,000 and 200,000 common restricted shares of Nabis Holdings to extend coverage an additional 6 months ending 1/25/2020. We may buy or sell additional shares of Innovative Properties Inc dba Nabis Holdings in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Innovative Properties Inc dba Nabis Holdings
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