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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 completion of its investment in a strategically located property based in Bangor City, Michigan. According to the update, the property has received municipal approvals for ten cultivation licenses and one processing license, allowing Nabis to grow indoor, outdoor and greenhouse cannabis with an unlimited stacking ability of cultivation licenses. “In early 2020, our Bangor property will become a critical cultivation center for our Michigan operations, with projected harvest of more than 40,000 pounds per of dry flower per year and have the capability of producing over 35,000 pounds of high grade distillate at its full capacity,” Nabis CEO and Director Shay Shnet said in the news release. “We remain committed to our aggressive cross-country expansion as we seek out additional opportunities in limited license states that will bolster our cultivation capabilities and expand the company’s footprint.”
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About Innovative Properties Inc. (dba Nabis Holdings)
Nabis Holdings is a Canadian investment issuer that invests in high quality cash flowing assets across multiple industries, including real property, securities, cryptocurrency, and all aspects of the U.S. and international cannabis sector. Led by two of the co-founders of MPX Bioceutical, one of the largest takeovers in the U.S. Cannabis space to date, the company has a proven track record in emerging markets to create significant shareholder value. The company is focused on investing across the entire vertically integrated aspects of the space with a focus on revenue generation, EBITDA and growth. For more information, visit the company’s website at www.NabisHoldings.com.
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READ MORE: https://www.cannabisnewswire.com/cannabisnewsbreaks/cannabisnewsbreaks-nabis-holdings-cse-nab-otc-innpf-fra-71p-completes-investment-in-property-with-license-approvals-for-cultivation-processing/