Nabis has entered into a partnership with Hudson Distribution Services to acquire its New Jersey cannabis distribution license and warehouse lease.
Nabis will enter New Jersey as the largest cannabis distributor in New York, Nevada, and California, acquiring licensed infrastructure and existing operator relationships without a greenfield build. That infrastructure comes through Hudson Distribution, a company born out of the former distribution business of Hudson News Distributors, LLC - the largest distributor of magazines, books, and various other products in the northeast, which was led by James S. Cohen, Chairman and CEO of its diversified holding company, Hudson Media, Inc.
The deal positions Nabis in strategic locations across the tri-state area ahead of what many in the industry expect to be a future interstate commerce framework. It gives New Jersey brands and retailers access to Nabis Marketplace, a modern wholesale commerce platform with real-time inventory visibility, automated payments, and financing tools.
As part of the deal, Nabis will acquire a New Jersey cannabis distribution license from Hudson Distribution, a long-established operator in the state.
What Vince C. Ning, CEO and Co-founder of Nabis, said: "Entering New Jersey gives Nabis the infrastructure to help scale our brand and retail partners in an exciting and growing market they've been waiting to access. Hudson Distribution and the Hudson family of distribution companies have built a legacy of trust, reliability, and dependability that spans over 100 years, giving Nabis a running start in the state."
What James S. Cohen, CEO of Hudson Distribution and head of the Hudson family of companies, said: "Retail distribution is our very DNA, for over 100 years we distributed magazines, books, and newspapers - all perishable products - to retailers and consumers throughout the Northeast, often within hours of those products hitting our docks from suppliers. We know distribution and logistics, and so we know that Nabis is the best choice to provide continuity to the burgeoning cannabis distribution channel and help grow our partners across New Jersey and beyond."
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