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Nabis

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Nabis Company Research Report



Company Overview


Name: Nabis
Mission: Empowering the world to discover cannabis by providing choice, access, and innovation.
Founded: 2018
Founders: Vince C. Ning and Jun S. Lee
Key People:
  • Vince C. Ning, Co-CEO, Co-Founder

  • Jun S. Lee, Co-CEO, Co-Founder

  • Sean Arroyo, President

  • Will Brophy, Chief Operating Officer

  • Tejas Kotecha, Chief Technology Officer

  • Jonathan Schwartz, VP of Product

  • Jake Borenstein, VP of Operations

  • Ting Hu, VP of Finance

  • Drew Murphy, Senior Director of Strategic Initiatives

  • Jen Seo, Director of Marketing and Partnerships

  • Bailey Cooke, Director of Strategic Finance

Headquarters: San Francisco, California
Number of Employees: Over 220
Revenue: No information is available
Known For:
  • #1 licensed cannabis wholesale platform

  • Supplying licensed dispensaries with the largest portfolio of cannabis brands in the world

  • Advanced technology and scalable software solutions


Products


Nabis Marketplace


  • Description: Online platform that allows retailers to instantly purchase thousands of products from over 300 independent brands, with two-day shipping and no order minimums.

  • Key Features:

  • 9,000 SKUs

  • Live inventory updates

  • Detailed product information (expiration dates, potency, COAs, sampling orders)

  • AI-generated product recommendations

  • Expedited order workflow


Nabis Distribution


  • Description: Coordinates the entire cannabis distribution lifecycle from production to delivery.

  • Key Features:

  • Software-enabled portal for order tracking

  • Secure and environment-controlled warehousing

  • Bi-weekly batch pickups

  • Compliance testing scheduling

  • Two-day shipping

  • Cash-on-delivery (COD) and net-terms payment management


Nabis Capital


  • Description: Automated invoice factoring solution that turns invoices into instant operating cash.

  • Key Features:

  • Sell net-terms invoices for immediate cash

  • Enhanced financial resources for cannabis operators


Nabis BillPay


  • Description: Payment solution that allows for easy management of invoices and payments.

  • Key Features:

  • Option to pay invoices electronically

  • Simplifies payment workflows for brands and retailers


Nabis Analytics


  • Description: Provides detailed, real-time insights into key sales and operational metrics.

  • Key Features:

  • Custom reporting and dashboards

  • Real-time retail purchasing behavior tracking

  • Regional sales performance monitoring


Recent Developments


New Products and Features


  • Nabis Capital: Launched revamped payment solution, expanding financial resources for cannabis operators.

  • Nabis Supercenter: Opened the largest dedicated cannabis distribution facility in the world, increasing capacity by up to 400%.

  • AR Redesign: Introduced a new design for the Aging Reports tab in Nabis Analytics, offering enhanced financial analysis features.

  • Order Form Upgrade: Released update to the Orders Tab, allowing brand partners to add line items to invoices faster.


Acquisitions and Partnerships


  • Blackbird Acquisition (February 27, 2024): Acquired Nevada-based distribution solution Blackbird, expanding Nabis' reach into Nevada’s wholesale cannabis market.

  • Jetty Extracts Partnership (August 13, 2024): Partnered with Jetty Extracts to support national expansion.

  • Eaze Partnership: Teamed with Eaze to strengthen California cannabis delivery logistics.

  • Old Pal Partnership: Entered exclusive distribution partnership with Old Pal.

  • Humboldt Farms and Friendly Farms Partnership: Bolstered scalability in California’s cannabis market through partnership.

  • Cookies Partnership: Strategic partnership to distribute Cookies' products within California.

  • StateHouse Holdings Partnership: Tapped as exclusive distributor for StateHouse Holdings.


Recognition and Awards


  • Inc. 5000 Recognition (April 19, 2024): Earned a spot on Inc. 5000's list of fastest-growing private companies in America.


Conclusion


Nabis stands as a pivotal player in the cannabis wholesale industry, leveraging advanced technology and strategic partnerships to maintain its leading position. Through continuous innovation and expansion, Nabis remains committed to empowering brands and retailers with efficient, scalable, and insightful solutions.