Advertisment: Fluence » Fluence Order 95 » CBT ROS Banner 970x250 - Start June 18 » FLU-DBA_SPYDR3_970 x 250

Nabis Holdings Inc. to Enter into Joint Venture with Israeli Pharmaceutical Company Panaxia

Through the joint venture, the companies will launch multiple pharma-grade THC and CBD cannabis products in Arizona in the second half of 2020.


VANCOUVER, British Columbia, Jan. 28, 2020 (GLOBE NEWSWIRE) -- PRESS RELEASE -- Nabis Holdings Inc., a Canadian investment company with specialty investments in assets across multiple divisions of the cannabis sector, has announced that it has entered into a binding memorandum of understanding (MOU) with Panaxia Pharmaceutical Industries, Ltd.

Under the terms of the MOU, Panaxia will be providing proprietary pharma-grade cannabis-based products that have proven to be in high demand in other states in the U.S. including New Mexico, Colorado and California. The products will be produced in the first operating EU GMP facility in Arizona, under Nabis licenses, located at Nabis’ “Camp Verde” facility in Arizona, a 44,000-square-foot cultivation, production and fulfillment facility. Nabis will provide the raw materials for production of the products and will also be responsible for sales, marketing and distribution through their already established dispensary and whole-sale channels which serve more than 50% of Arizona dispensaries. Panaxia shall be responsible for the production, clinical affairs and quality. All products of the joint venture will be sold under the Panaxia brand, of which Nabis owns 50% in Arizona. Under the MOU, there is an opportunity for Nabis and Panaxia to expand their joint venture into additional states in the U.S.

“We are excited to partner with Panaxia to develop a variety of new, high quality, pharmaceutical grade products using proven EU GMP standards to meet the evolving needs of our patients,” said Shay Shnet, CEO and director of Nabis. “This joint venture fits well within our vertically-integrated cannabis portfolio and we look forward to co-creating new innovative products to deliver long-term value to our shareholders as well as our established Arizona customer base of over 36,000 patients and counting."

Advertisment: Frank Mayer » Frank Mayer Order 84 » CBT ROS Medium Rectangle 300x250 July 2025 » CBT Web Ad - July 2025
Advertisment: Hanwha Vision » Hanwha Vision Order 78 » CBT ROS 300x250 Medium Rectangle July 2025 » D53_Cannabis-Business-Times_300x250_v1
Page 1 of 19
Next Page
Advertisment: Greentank » Greentank Order 111 » CBT ROS Mobile Adhesion 360x120 July 2025 » GT AC ADS 600X200@2x