CORAL GABLES, FL / ACCESSWIRE / February 14, 2019 / What’s incredible about the marijuana stock market is the sheer amount of excitement surrounding companies in the cannabis industry. These companies have fully recognized that the future of their industry is dependent on developing and marketing products to a society that, until recently, has been largely opposed to cannabis. As we’ve seen over the course of the past few years, more countries have brought forth legislation in favor of legalizing marijuana for recreational, as well as medicinal, purposes, and as a result, companies in the space have seen an influx in investor attention. If companies continue like this, the marijuana industry may see impressive gains as a result of favorable public opinions. Nabis Holdings (INNPF) (NAB), Auxly Cannabis Group Inc (OTCQX: CBWTF), General Cannabis Corp (OTCQX: CANN), and Aphria Inc (NYSE: APHA) are four cannabis companies picking up speed on Thursday.

Nabis Holdings (INNPF) (NAB) is a Canadian investment company focused on investing in high-quality cash flowing and strategic assets across multiple aspects of the cannabis sector primarily in the U.S. limited license states with a roadmap to expand globally. The Company has pulled out all the stops to identify companies, in U.S. markets, with high growth potential, so that they can acquire a majority stake in such assets.

Nabis Holdings (INNPF) (NAB)‘s corporate framework was devised to give the Company the opportunity to identify, and subsequently acquire majority-stake interests in companies across the broad spectrum of vertically integrated businesses, with a focus on strategic revenue generation, EBITDA and growth.

Nabis Holdings (INNPF) (NAB) announced last week that the Company has entered into a binding term sheet with Momentum Ideas Co to acquire certain assets used and marketed under the brand Bloombox, including the Bloombox Software and data platform. Nabis’ acquisition of Bloombox will create a dominating presence in the growing U.S. cannabis market, featuring an integrated ecosystem of modern, next-generation technology.

Per the details of the agreement, the Bloombox team will work closely with Nabis Holdings (INNPF) (NAB), including Sam Gammon, the Company’s inbound Chief Technology Officer following the closing of the Investment.

Shay Shnet, Chief Executive Officer and Director of Nabis Holdings (INNPF) (NAB), said, “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,” said Shay Shnet, CEO & Director of Nabis. “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 chain, & users.”

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Auxly Cannabis Group Inc (CBWTF) announced earlier this month that it was in the best interest of the Company to terminate the outstanding definitive agreement between the Company and FV Pharma Inc, a wholly-owned subsidiary of FSD Pharma In, governing the joint venture between the parties.

During the process of the joint venture, the Company identified contractual breaches relating to FSD Pharma’s management and staffing obligations of the JV Facility, as well as significant concerns regarding certain aspects of the buildings’ infrastructure. On January 17, 2019, the Company provided notice to FSD Pharma of such breaches in the hopes that FSD Pharma would work with the Company toward a resolution. To the Company’s disappointment, FSD Pharma failed to remedy its breaches and instead purported to terminate the Agreement effective February 6, 2019.

For More Information On Auxly Cannabis Group Inc, Click Here

General Cannabis Corp (CANN), one of the leading resources for high-quality service providers available to the regulated cannabis industry, today announced the expansion of its footprint into the national retail space with the opening of its first CBD concept store on Long Island. Per the announcement, the store is planned for a March 2019 open date and is adjacent to one of New York’s most notable cycling stores, Brickwell Cycling and Multisports.

Michael Feinsod, Chairman and CEO of General Cannabis, stated, “in the course of that research, we recognized that while there was great innovation occurring in the products space for CBD, there were no retail environments conducive to serving athletes and others who are serious about maintaining peak fitness and/or mobility with the healing properties of CBD-which meant there was an opportunity to establish a strong position in this rapidly evolving, hemp-derived CBD market.”

For More Information On General Cannabis Corp, Click Here

Aphria Inc (APHA) announced towards the end of last week that, after much deliberation, its Board of Directors had decided to reject a hostile bid offer by Green Growth Brands Inc that would see the Company acquire all of the outstanding common shares of Aphria including any common shares that may become issued at a later date.

Irwin Simon, Aphria’s independent Board Chair, commented, “regardless of their brazen attempts to suggest otherwise, GGB is asking Aphria shareholders to accept a substantial discount on their shares, as well as delisting from both the TSX and NYSE, resulting in a vast dilution of their ownership in Aphria. In return, GGB offers shares in an illiquid company with limited operating history, minimal assets and no track record in the cannabis industry.”

For More Information On Aphria Inc, Click Here

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