Nabis is a licensed wholesale marketplace platform that connects cannabis brands with California dispensaries. The company offers fulfillment, warehousing, payment processing, financing, data analytics, and sales and marketing services to help brands and retailers launch and scale. It supports over 100 brands and represents a portfolio that distributes more than $350M worth of cannabis products per year across California's dispensary network. Nabis also operates value-added services including Nabis Capital and Nabis Analytics. Founded in 2017 and based in San Francisco, Nabis plans to use the $23M Series B to grow its licensed wholesaling platform and scale those value-added services. The company previously raised a $5M Series A less than a year earlier with investors including Y Combinator and Babel Ventures. Nabis operates a business-to-business cannabis distribution platform that collects product from manufacturers, stores and tests it in secure warehouses, and delivers to retailers within a 36-hour turnaround. The company also handles payment remittance — including collecting cash at delivery and depositing it through its banking partners — and offers logistics and security features for deliveries. Nabis currently serves about 1,000 dispensaries and 200 delivery services in California, ships roughly $250M of cannabis annually in the state, and handles about 7% of California’s legal cannabis. With additional funding it plans to expand its software offering, beef up financial services to provide capital to operators, and build an online marketplace where manufacturers can sell directly to retailers. Long-term the company aims to capture 25% of California’s legal market and eventually operate nationally, though interstate regulations currently limit expansion. Nabis is an independent, tech-driven Type 11 cannabis distributor founded in 2017 that combines a software front-end with an infrastructural backend to manage distribution logistics. The company provides fulfillment, storage and sales services for wholesale cannabis products for over 40 major brands, including Canndescent, THC Design, Cresco, Beezle, Nasha and Honey Vape. Nabis operates a proprietary, cannabis-compliant software portal that automates aspects of cannabis distribution and plans to invest heavily in its software capabilities. The company intends to use new funds to expand within California and out-of-state and to scale its supply-chain operations. As part of that expansion, Nabis will build a fully renovated 10,000 sq. ft. distribution hub in Los Angeles to streamline operations and support growing Southern California demand.

Total raised

$32M

Funding rounds

3

Latest round

Series B

Latest activity

Jul 2021