RIV Capital today announced a distribution partnership agreement with Nabis, a wholesale platform for the cannabis industry. Under the terms of the agreement, Nabis's technology and expertise will facilitate distribution for the company's branded products to licensed retailers across New York state.
The partnership leverages Nabis's experience in servicing more than 300 brands nationwide with fulfillment, data analytics, financing, sales, and marketing services, which is expected to position RIV Capital to substantially expand its wholesale network and offer an enhanced product portfolio to a growing number of dispensaries and delivery businesses across New York.
"As we bring in exciting new brands like MOODS and the market here expands, we are thrilled to begin our partnership with Nabis to help broaden our reach in New York," said Dave Vautrin, Chief Retail Officer and Interim Chief Executive Officer of RIV Capital. "This agreement will allow us to achieve efficiencies within our expense profile and remove unnecessary complexity from our organization while opening up new opportunities to sell our premium, high-quality branded products to both medical patients and adult-use consumers alike in New York."
"We are excited to be supporting RIV Capital and to be working alongside Dave Vautrin again," said Vince C. Ning, Co-Founder and CEO of Nabis. "I witnessed first-hand Dave's strong leadership as friendly former competitors in California when he ran California's largest distribution business, Continuum by Origin House, before it was sold to Cresco and returned to his native state of New York. The RIV Capital team's desire to focus on their core expertise in cultivation and retail, and entrusting Nabis' technology platform for wholesaling, is a testament to their deep experience and foresight in understanding the requirements to scale their burgeoning wholesale business."
The agreement coincides with the recent introduction of MOODS Cannabis in New York by the company.
