Source: WeedStreet420
  • Nabis Holdings (NAB) has closed the first tranche of its non-brokered private placement for aggregate gross proceeds of $380,000
  • The company issued 1,900,000 common shares priced at $0.20 per share
  • Nabis Holdings invests in assets across multiple industries including the cannabis sector
  • Nabis Holdings Inc. (NAB) opened trading at C$0.27 per share

Nabis Holdings (NAB) has closed the first tranche of its non-brokered private placement for aggregate gross proceeds of $380,000.

The company issued 1,900,000 common shares priced at $0.20 per share.

The net proceeds will be used for working capital and general corporate purposes.

The securities issued will be subject to a four-month hold period from the date of closing.

The closing of the offering is subject to the receipt of all necessary regulatory approvals, including the approval of the Canadian Securities Exchange.

Nabis Holdings is a Canadian investment issuer that invests in assets across multiple industries, including real property and the U.S. and international cannabis sector.

Nabis Holdings Inc. (NAB) opened trading at C$0.27 per share.

More From The Market Online
Cannabis Report above an image of cannabis

StockTalk | Cannabis Report: Acquisitions & record revenues

SNDL Inc. (CSE:SNDL) announced the completion of its acquisition of certain assets from Surterra Holdings Inc. and affiliated...

SNDL completes Parallel asset acquisition, expands U.S. medical cannabis footprint

SNDL (NASDAQ:SNDL) completed its acquisition of key Parallel cannabis assets, gaining indirect control of operations across FL, TX, and MA.

StockTalk | Cannabis Report: In the pocket

Tilray Brands (TSX/NASDAQ:TLRY), one of the largest players in the cannabis industry, is capitalizing on the...

Tilray enters its pouch era with Zonna

Tilray Brands (TSX/NASDAQ:TLRY) is riding the pouch wave with the launch of Zonna, a fast-acting cannabis pouch for adult consumers.