Connect with us

Business

Nabis Holdings Inc. Announces Resignation of Board Member Canadian Stock Exchange: NAB

Published

on


VANCOUVER, British Columbia, September 14, 2020 (GLOBE NEWSWIRE) – Nabis Holdings Inc. (CSE: NAB) (OTC: NABIF) (FRA: A2PL) (Nabis or the Company) announced today that James Tworeks has resigned from the Companys board of directors. Mr. Tworeks’ resignation has been accepted and is effective September 11, 2020.

About Nabis Holdings Inc.
Nabis Holdings is a Canadian investment issuer that invests in high quality cash assets across multiple industries, including real estate and all aspects of the US and international cannabis industry. The company is focused on investing in all vertically integrated aspects of the space with a focus on revenue generation, EBITDA and growth. For more information, please visit https://www.nabisholdings.com/.

Going Concern
The company has incurred losses and recorded negative operating cash flows since its inception which have been primarily funded by financing activities. The Company will need to raise additional capital over the next twelve months and beyond to support current operations and planned development. As of June 30, 2020, the company had a working capital deficit of $ 14,811,051 and an accumulated deficit of $ 38,859,180. Of the total mortgages outstanding as of June 30, 2020, $ 4,609,011 was due as of August 31, 2020. The Company has not made principal payment as of August 31, 2020 and default proceedings are expected to begin. On June 30, 2020, the Company did not make the payment of quarterly interest accrued on the convertible debentures due to a force majeure event as set out in the indenture relating to the convertible debentures. These factors indicate the existence of significant uncertainty which may cast significant doubt as to the ability of the Company to continue as a going concern. Management intends to fund operating costs over the next twelve months with cash on hand, through private placements of common shares, loan issuance and convertible loans.

Forward-looking statements
All statements, other than statements of historical fact, included in this document are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The risks are not limited: whether the acquisitions are carried out by the company or carried out according to the conditions disclosed; the price of cannabis and related products will remain constant and consumer demand will remain strong; availability of financing for the company to develop the retail locations; retention of key employees and management; changes in state and / or municipal regulations for retail operations and changes in government regulations in general. Important factors which could cause actual results to differ materially from the Company’s expectations are disclosed in company documents filed from time to time with the Canadian Securities Exchange, the British Securities Commission. Columbia, the Ontario Securities Commission and the Alberta Securities Commission.

The Canadian Stock Exchange has neither reviewed nor approved the contents of this press release and accepts no responsibility for the adequacy or accuracy of this press release.

For inquiries, please contact:

Mark Krytiuk, COO, Interim CEO
PH: 416-223-2248

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos



picture credit

ExBUlletin

to request, modification Contact us at Here or [email protected]

Please disable the ad-blocker on this page to see the content

plus