Nabis Holdings Inc (CSE:NAB) (OTC:NABIF) told investors Wednesday that it expects 2019 to be a key year as it continues to rapidly expand its footprint in the USA through acquisitions.
The group, which invests in quality, cash flowing assets in various sectors with a specialty in assets across multiple divisions in the cannabis industry, made the statement in a letter to shareholders issued on Wednesday.
“The company has closed and/or signed definitive agreements on investments and acquisitions of assets in Michigan, Washington, Arizona and California," Shay Shnet, the CEO at Nabis noted in the letter.
"We are at a key inflection point in the company’s growth trajectory and anticipate that 2019 will be a very significant year for us. We are in a strong position to execute on our growth strategy, optimize business operations and improve overall shareholder value."
Yesterday, the group revealed it had appointed industry veteran Emmanuel Paul as a new independent director with effect from August 16.
"We are thrilled to add Emmanuel, an original pioneer of the cannabis industry, as an independent director to the board of directors," the firm said in a statement.
"His industry expertise will provide an invaluable voice as we look toward our future expansion initiatives in both revenue-generating vertical cannabis operations, as well as strategic investments in technology that will continue to shape the industry.”
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