Nabis Reports Steady YoY Growth, Becomes No. 1 Licensed Cannabis Wholesale Platform in California

Nabis Reports Steady YoY Growth, Becomes No. 1 Licensed Cannabis Wholesale Platform in California
CANNANNEW REPORT

Startup Now Supports Largest Number of Cannabis Operators in California SAN FRANCISCO–(BUSINESS WIRE)–Nabis, the leading licensed cannabis wholesale platform in the world’s largest legal cannabis market, today announced that it offers the widest selection of products from nearly 200 exclusive top-tier brands to California’s entire network of state-licensed dispensaries and delivery services. Since its inception in 2018, the company, which currently represents approximately 15% market share of the state’s total cannabis sales, has surpassed $1 billion in completed end-to-end transactions by providing the highest-quality product fulfillment and payment processing services in the industry. “Nabis’ growth comes from the phenomenal work our team does, as well as the ongoing support from our partners,” said Jun S. Lee, Co-CEO and Co-Founder of Nabis. “It’s a testament to the comprehensive set of software tools and infrastructural support we created for California’s supply chain to streamline wholesaling operations and further promote efficient brand scaling.” Nabis’ end-to-end services, including its marketplace, rapid 2-day shipping, flexible financing and sophisticated data analytics, have played a key role in the company’s maturation. In the last year alone, Nabis has nearly doubled its monthly average number of orders and has experienced steady growth in brand partners (56%) and retailers (34%) joining the platform. Last month, Nabis also experienced a 53% increase in order volume in the two weeks leading up to the 4/20 holiday–reflecting customer demand for the brands supported by Nabis’ swift and reliable services. “Jun and I founded Nabis with the goal for it to be the most scalable and accessible platform in the industry, and to create equal opportunity for brands and retailers of all sizes as well as their strategies,” said Vince Ning, Co-CEO and Co-Founder of Nabis. “We’re elated to continue supporting so many businesses, but as the landscape continues to shift and the…

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Source : Nabis Reports Steady YoY Growth, Becomes No. 1 Licensed Cannabis Wholesale Platform in California

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