Nabis Holdings Inc. announced certain items with respect to its capital structure. Nabis received a proposal from over seventy-five percent (75%) of the holders of its 5.3% Senior Unsecured Notes due 2023 issued pursuant to the Senior Unsecured Notes Indenture made among the Company, Odyssey Trust Company and certain Guarantors (as defined therein) dated January 26, 2021 and amended on April 1, 2021 (the "Notes") to enter into a series of transactions that would have the effect of selling all of Nabis' Subordinate Voting Shares of Verano Holdings Corp. to Caravel CAD Fund Ltd. for consideration of $17,495,705 and acquiring all of the outstanding Senior Unsecured Notes for aggregate consideration of $16,962,500, representing $73.75 per $100 principal amount of the debentures outstanding, on an "interest flat" basis (this series of transactions is hereinafter referred to as the "Transaction") pursuant to a plan of arrangement to be filed by the Company in proceedings to be commenced under the British Columbia Business Corporations Act.