Nabis Expands California Footprint With Humble Cannabis Solutions Asset Deal

Licensed cannabis wholesale platform Nabis announced Tuesday that it has acquired select assets of Humble Cannabis Solutions, an independent distributor in California’s highly competitive marijuana market. The deal expands Nabis’ footprint and distribution capacity across key regions of the state, aiming to streamline a supply chain that has long been fragmented in the nation’s largest regulated cannabis market.

“Integrating these select assets into Nabis’ services creates a more unified cannabis wholesale and distribution ecosystem,” Alyssa Clemmer, founding team member of Humble Cannabis Solutions, said in a statement about the acquisition. “Throughout our history, our top priority has always been the success of the brands and retailers we serve. This transition ensures more resources and access for those partners while unlocking new growth capabilities through Nabis’ technology, marketplace, and operational scale.”

Nabis is adding about $13 million in assets to its balance sheet through the acquisition and related financing, a move expected to generate nearly $20 million in gross sales. The deal brings a $4 million strategic investment from Humble Cannabis Solutions, along with another $4 million in distribution assets that will be integrated into Nabis’ existing California network. The transaction also includes $5 million in debt financing to fund the company’s next phase of growth.

Vince C. Ning, CEO and co-founder of Nabis, tells IgniteIt that the deal with Humble “continues to accelerate Nabis’ transformation from a leading wholesale platform into the core infrastructure for national cannabis commerce.”

“It allows us to serve more brands and retailers with greater reliability now, while creating new service opportunities to support their national growth when rescheduling brings forth additional opportunities through medical research and tax benefits for the industry,” Ning writes in an emailed statement.

Nabis’ acquisition of Humble comes less than a month after President Donald Trump issued an executive order directing his administration to expedite approval of a proposal to reclassify cannabis under federal drug laws. If adopted, the proposal would move cannabis from Schedule I to Schedule III of the Controlled Substances Act.

“As the industry faces its most significant regulatory shift in decades, the need for a modern, resilient, and technology-driven distribution engine is greater than ever to help cannabis operators scale faster to meet increasing consumer demand,” says Ning. “This deal, coming just weeks after the administration’s executive order to reschedule, shows we are on the right path, though a lot of work remains.”