CORAL GABLES, FL / ACCESSWIRE / February 15, 2019 / The marijuana stock market has received copies amounts of attention over the past few years as larger U.S. stock exchanges have entered into the marijuana industry. This has served as a major catalyst for the market, allowing for a significant amount of capital infusion. Companies in the cannabis sector typically run into the issue of ascertaining credit because traditional banking institutions are restricted from working with them, given the federal legalities of it all. According to several top research firms, cannabis is set to be worth as much as $31 billion by the end of 2022, which means that there is quite a bit of room left to grow for companies in the space. As the cannabis market continues to traverse new territories, Nabis Holdings (INNPF) (NAB), Tilray Inc (NASDAQ: TLRY), New Age Beverages Corporation (NASDAQ: NBEV), and Pyxus International Inc (NYSE: PYX) are four cannabis companies picking up speed on Friday.
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, backed by a seasoned expert leadership team, is determined to identify and all companies, specifically 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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Tilray Inc (TLRY) announced earlier this month that, in an effort to maintain and expand its global senior leadership team, the Company decided to appoint Sascha Mielcarek as Managing Director, Europe. In his new role, Mielcarek will be tasked with providing strategic leadership to Tilray's existing European team as it pursues new market entries in Europe and continues to strengthen the companys position in existing markets.
Brendan Kennedy, Tilray CEO, said, "Sascha brings an unmatched level of expertise from his years of experience in the European and global pharmaceutical industry and were very pleased to welcome him to our team."
For More Information On Tilray Inc, Click Here
New Age Beverages Corporation (NBEV) announced at the tail-end of January that it has plans in the works for the expansion of its Noni+Collagen product, following achievement of over $4 million in revenue in its first two months in initial test markets.
In response to the announcement, Shon Whitney, Vice President of Sales and Marketing for Morinda (a wholly-owned subsidiary of New Age), said, "we are so incredibly pleased with the early success of TeMana Noni+Collagen. We knew this would be a product our customers and partners would love, and we are thrilled to see it gain immediate momentum. We are the first and only company in the world to combine pure hydrolyzed collagen with authentic Tahitian Noni Juice."
For More Information On New Age Beverages Corporation, Click Here
Pyxus International Inc (PYX) announced earlier this week that it has appointed two new individuals to its Board of Directors. The Company has appointed Daniel A. Castle, founder of Castle Brand Group, and Nathan A. Richardson, CEO and co-founder of Trade It, Inc., to its Board of Directors, effective February 12, 2019.
Pieter Sikkel, Chief Executive Officer and Chairman of Pyxus, commented, "as we move forward in the execution of our 'One Tomorrow' transformation strategy, we are continuing to expand the experience and skillsets of our company's leadership."
For More Information On Pyxus International Inc, Click Here
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