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Nabis (company)

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Nabis is an online marketplace for cannabis. The company is one of the largest business-to-business distributors of cannabis in California.[1][2]

Services[edit]

Nabis acts as an intermediary between cannabis cultivators (manufacturers) and dispensaries (retailers).[3] For cultivators, the company provides inventory management software and warehouses.[4] For dispensaries, the company provides wholesaling and delivery.[5]

Nabis works with about 100 cultivators,[6] including Pabst Blue Ribbon and Biscotti, and about 700 dispensaries.[7]

Company[edit]

In 2017, Vince Ning and Jun Lee, former software engineers at Microsoft and Facebook,[8] respectively, founded Nabis.[9] Ning is the company's CEO; Lee is the president.[10]

In 2019, the company graduated from the startup accelerator Y Combinator.[11]

Nabis' investors include Y Combinator, Stanley Tang, and Paul Buchheit.[12][13]

References[edit]

  1. Sharkey, Grace (July 7, 2021). "Nabis diversifies cannabis brands with $23M raise for distributor marketplace". FreightWaves. Retrieved August 24, 2021.
  2. Jackson, Margaret (February 18, 2021). "Nabis nails wholesale cannabis delivery in California. What's next for Vince Ning and Jun Lee?". MJ Brand Insights. Retrieved August 24, 2021.
  3. Paul, 1Margaret; Lee, Jane (March 16, 2021). "Cannabis entrepreneurs, celebrity investors light up as legalization blooms". Reuters. Retrieved August 24, 2021.
  4. Burns, Matt (October 15, 2020). "Nabis raises $5m Series A to grow its cannabis distribution platform". TechCrunch. Retrieved August 24, 2021.
  5. Brown, Chris (January 22, 2019). "Hauling Cannabis and Cash: New Fleets Serve Exploding Industry". Business Fleet. Retrieved August 24, 2021.
  6. Jackson, Margaret (February 18, 2021). "Nabis nails wholesale cannabis delivery in California. What's next for Vince Ning and Jun Lee?". MJ Brand Insights. Retrieved August 26, 2021.
  7. Ward, Andrew (May 17, 2021). "How a Facebook engineer and a Microsoft engineer cofounded one of California's top cannabis distributors". Business Insider. Retrieved August 26, 2021.
  8. Daso, Frederick (November 4, 2020). "Nabis Raises $5 Million To Take The Cannabis Industry To A New High". Forbes. Retrieved August 24, 2021.
  9. Lee, Yeji (July 1, 2021). "Former engineers from Microsoft and Facebook just raised $23 million to dominate a crucial but overlooked piece of the biggest US cannabis market". Business Insider. Retrieved August 24, 2021.
  10. Ward, Andrew (May 17, 2021). "How a Facebook engineer and a Microsoft engineer cofounded one of California's top cannabis distributors". Business Insider. Retrieved August 24, 2021.
  11. Mack, Heather (March 15, 2019). "Cannabis Startups With Y Combinator Backing Go From Seed to Weed". Wall Street Journal. Retrieved August 24, 2021.
  12. Daso, Frederick (November 4, 2020). "Nabis Raises $5 Million To Take The Cannabis Industry To A New High". Forbes. Retrieved August 24, 2021.
  13. Burns, Matt (October 15, 2020). "Nabis raises $5m Series A to grow its cannabis distribution platform". TechCrunch. Retrieved August 24, 2021.



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