As cannabis enters a new regulatory watershed moment through the current administration's rescheduling executive order from Schedule I to Schedule III, the strength of distribution technology and infrastructure has never been more important to serve more customers across America. Nabis, a licensed cannabis wholesale platform, announced that it has acquired select assets of Humble Cannabis Solutions, a longstanding third-party distributor operating across California.
The acquisition and financing add approximately $13 million in assets to Nabis' balance sheet and generate roughly $20 million in gross sales. The transaction includes a $4 million strategic capital investment from Humble Cannabis Solutions, $4 million in distribution assets to be integrated into Nabis' California operations, and $5 million in debt financing to support the company's growth.
"These assets bolster Nabis to continue advancing our mission to serve brands, retailers, and ultimately the broader cannabis community, by building the future of cannabis wholesaling that provides the most efficient, scalable, and technology-enabled infrastructure for the global legal cannabis market," said Vince C. Ning, Co-Founder & CEO of Nabis. "This deal comes weeks on the heels of cannabis rescheduling, enabling us to give our customers a more reliable path to scale to reach consumers locally and nationally."
"Integrating these select assets into Nabis' services creates a more unified cannabis wholesale and distribution ecosystem," said Alyssa Clemmer, founding team member of Humble Cannabis Solutions. "Throughout our history, our top priority has always been the success of the brands and retailers we serve. This transition ensures more resources and access for those partners while unlocking new growth capabilities through Nabis' technology, marketplace, and operational scale."
"This marks another step in Nabis' strategy to modernize and stabilize the cannabis distribution model, especially in California," said Jun S. Lee, Co-Founder of Nabis. "The industry needs a stronger distribution engine it can rely on, one designed to give brands greater operational confidence today and the flexibility to grow as market conditions continue to take shape."
For more information:
Nabis
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