Nabis, a licensed cannabis wholesale platform, said it has acquired select assets of Humble Cannabis Solutions, a third-party distributor operating across California.
This asset acquisition expands Nabis’ operational footprint and capacity across NorCal, Central Coast, and SoCal regions. Additionally, operators will have access to new service tiers to scale nationally as tailwinds from the first federal cannabis policy shift in more than 50 years could increase demand and sales volumes over time.
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.”
To ensure operational continuity for Humble’s clients, Nabis will integrate existing brand partners into the Nabis Marketplace. During this transition, incoming clients will gain new access to data and trends, real-time inventory visibility, automated payments, fulfillment tools, and expanded sales opportunities through Nabis’ e-commerce tools.
