Nabis raises $5m Series A to grow its cannabis distribution platform –
Summary
Founded in 2017 by co-founders Vince Ning & Jun Lee, Nabis says it ships a quarter of a billion dollars of cannabis each year to just the California market. For retailers, Nabis simplifies ordering, delivery logistics, and cash remittance — a key feature given the banking industry’s limitations on credit card transactions around cannabis. The company intends to invest the $5 million Series A into expanding its software offering and beefing up its financial services to provide cannabis operators capital. We offer them, not just the ability to place orders, but to communicate through a chat function and get exposed to different marketing from brands.” These channels have never existed before in the cannabis space, Ning claimed. Ning tells me Nabis is licensed in California to ship cannabis and abides by regulations mandating specific requirements around its delivery vehicles.