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Nabis Holdings Inc
Symbol NAB
Shares Issued 35,088
Close 2019-09-16 C$ 60.00
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Nabis Holdings to manufacture Wisp pods for CannaKorp

2019-09-18 07:20 ET - News Release

Ms. Shay Shnet reports


Nabis Holdings Inc. has entered into a strategic agreement with CannaKorp Inc., a Massachusetts-based technology start-up company that is simplifying and improving the experience for herbal vaporization, to be an authorized partner manufacturing and supplying Wisp pods to be used in CannaKorp's innovative Wisp vaporizing system in the state of Arizona. In addition, the company will supply custom Wisp pods branded as BIS, the company's recently launched cannabidiol (CBD) brand.

The Wisp vaporizing system is the world's first single-use pod and vaporizer system offering an enhanced and customizable herbal experience. Wisp works by converting natural botanical and herbal benefits into vapour, free of combustion, additives and without denaturing the product. Designed with a microprocessor, Wisp ensures optimal performance and an enhanced vapour experience, including temperature, speed, time and air pressure, all in a clean and elegant design.

"We are thrilled to announce our strategic agreement with CannaKorp as the exclusive manufacturer and authorized supplier of Wisp pods for their innovative Wisp vaporizing system initially in the state of Arizona," said Shay Shnet, chief executive officer and director of Nabis. "Under our BIS brand we will produce a custom line of pods that will provide a unique cannabis experience to consumers available through a seamless home appliance. This thoughtful technology used with our herbal blends offers choice, expertise and consistency in a new way, keeping in line with our mission to innovate and become a recognized leader in the industry. As an exclusive manufacturer in Arizona, we will handle production of all future brands CannaKorp partners within this state."

"This partnership brings an exciting new approach to our entrance in the state of Arizona. Not only will Nabis sell ultrapremium product Wisp pods at their soon-to-launch retail stores, but they will also provide a statewide, wholesale distribution network for the Wisp system," said Saul Niddam, chief executive officer at CannaKorp. "We're thrilled to be launching in Arizona with Nabis, a partner that shares our vision of providing a great experience through groundbreaking, easy-to-use technology."

About Nabis Holdings Inc.

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 United States 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 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 (earnings before interest, taxes, depreciation and amortization) and growth.

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