THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, British Columbia, Dec. 03, 2018 (GLOBE NEWSWIRE) -- Innovative Properties Inc. d/b/a Nabis Holdings (CSE:INR) (“Nabis” or the “Company”) is pleased to announce Mr. Aaron Salz of Stoic Advisory, Ms. Jade Green of Jade Green Consulting and Mr. Ranjeev Dhillon of McCarthy Tetrault as special advisors to the Company. The Company also announces Mr. Liran Kandinov to join the Board of Directors.
Mr. Salz is the Principal and Founder of Stoic Advisory Inc., a boutique corporate finance advisory firm focused on the global cannabis industry. Since inception, Stoic has advised on more than $1.5 billion of cannabis M&A transactions, and worked on a number of go-public’s and other transaction-based mandates in the sector. Prior to founding Stoic, Mr. Salz was an Investment Analyst at Interward Asset Management, a specialist investment firm based in Toronto. Prior to Interward, Aaron spent over four years at Dundee Capital Markets (now Eight Capital), starting as a Research Associate before moving on as an Analyst covering medical & recreational cannabis companies. Mr. Salz was a pioneering Analyst of the cannabis sector, and has been frequently quoted in the press.. Mr. Salz holds a CFA designation and obtained his Honors Business Administration (HBA) degree from the Ivey School of Business at the University of Western Ontario.
Ms. Green is the founder and CEO of Jade Green Consulting, an elite cannabis consulting firm boasting a roster of clients whose combined valuations sit at over $6 billion USD. With nearly five years of applied expertise in the cannabis industry, Ms. Green has worked as an owner, officer and advisor to a multitude of cannabis enterprises. After starting college at just sixteen years old, Jade earned an honors degree in Biochemistry from the University of Florida at age twenty. Her education and experience in the biomedical sciences allows Jade to understand and advocate for cannabinoid-based therapies in regulated environments, and her entrepreneurial proficiency affords her the perspective to analyze and advance cannabis businesses in global markets. Jade’s career achievements include directing strategy, establishing high-value distribution channels, advising on mergers and acquisitions, and accelerating business development for the top public and private cannabis companies industry-wide.
Mr. Dhillon is a partner and co-lead of McCarthy Tetrault LLP’s Cannabis Law Group. A recognized leader known for his pragmatism, business knowledge and industry expertise, Mr. Dhillon helps clients successfully navigate the evolving demands of the high-growth cannabis market in Canada and abroad. He advises clients’ public, private, domestic and international clients on a broad range of corporate and commercial matters, including debt and equity financings, private equity and venture capital transactions, joint ventures, M&A, corporate governance, shareholder arrangements, corporate reorganizations and go‑public transactions. Regarded as a market leader and ranked Band 1 Cannabis lawyer in Chambers Canada, Mr. Dhillon has played an integral role in numerous high-profile mandates. With deep sector knowledge, Mr. Dhillon is a sought-after expert in the cannabis industry, regularly speaking to academic institutions and at industry events, advising on business and legal considerations facing clients.
Mr. Kandinov is the Executive Director and CEO of Lex Professional Development Group Inc., a legal education and consulting firm. He has over 10 years of leadership and strategic management experience and is a dual licensed attorney in both New York State and in the province of Ontario. Mr. Kandinov obtained his Bachelor of Business Administration degree in Strategic Management from the University of Toronto, his Bachelor of Laws degree from the University of Manchester and his Master of Laws in Business Law from the University of Toronto.
“We are very pleased to have Mr. Salz, Ms. Green and Mr. Dhillon join as special advisors to Nabis and Mr. Kandinov joining our Board of Directors,” stated Shay Shnet, CEO & Director of the Company. “We look forward to their value added contribution and advices in helping Nabis become one of the premier Cannabis investment companies in the space.”
The Company also announces that Ken Cotiamco has resigned as director of Nabis. The Company thanks Mr. Cotiamco for his invaluable contributions.
The Company also announces that it has granted an aggregate of 550,000 incentive stock options to the advisory board and new board member to purchase up to 550,000 common shares in the capital of the Company. The incentive stock options have an exercise price of $0.47 per share and expire five years from the date of grant. As a result of this option grant, the Company has 6,250,000 stock options outstanding, representing 6.6% of the issued and outstanding share capital of the Company.
ON BEHALF OF THE BOARD OF DIRECTORS
“Shay Shnet”
Shay Shnet
CEO and Director
For inquiries, please contact (604) 687-7130 or email info@nabisholdings.com.
The CSE does not accept responsibility for the adequacy or accuracy of this release.
All statements, other than statements of historical fact, included herein 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. Important factors that could cause actual results to differ, materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time with the Canadian Securities Exchange, the British Columbia Securities Commission, the Ontario Securities Commission and the Alberta Securities Commission.