Nabis Holdings Inc. (CSE:NAB) said that at a meeting of its directors held on Thursday, January 28, 2021, the group's board ratified the appointment of Bruce Langstaff as its executive chairman.
It also appointed Jared Carroll as chair of the Audit Committee of the board of director, and Scott Kelly and Jennifer Law were also appointed as members of the Audit Committee.
Nabis said its directors also considered strategic alternatives available to the company in the light of its size, its financial position, market conditions, and other relevant considerations.
As a result of these considerations, the company said it has adopted the strategy of seeking to maximize and realize upon the value of its assets, where possible, in order to put itself in the position to discharge its remaining liabilities and to create tangible value for its shareholders.
While Nabis intends to evaluate opportunities in this regard, it said here can be no assurance that it will enter into any transaction or series of transactions that will accomplish these goals.
The Canadian company invests in assets across multiple industries, including real property and the US and international cannabis sector.
Contact the author at jon.hopkins@proactiveinvestors.com