Nabis Commitment to Reinvestment Expands Resources and Teams Across Company, Strengthens California Presence

Tech-Driven Cannabis Startup Promotes 20% of Workforce, Increases Annual Benefits and Headcount To Foster Company Health and Support Growing Ecosystem

Nabis, the leading licensed cannabis wholesale platform in the world’s largest legal cannabis market, reflects on a year of internal reinvestments that have advanced the company's position as the industry’s one-stop-shop solution for operators in 2023. With its growing footprint now accounting for approximately 20% of California’s legal market, Nabis’ focus on recruiting top talent across eclectic industries to support its network of partners comes at a critical time in the cannabis and tech industries.

“It’s important that our employees feel valued, stay ahead of the broader financial complexities our society is experiencing, and are aligned with a clear vision and sense of purpose,” said Vince C. Ning, Co-Founder and Co-CEO of Nabis. “Over the last year, Nabis made it a point to implement a series of strategic internal reinvestments across product development, fulfillment, finance and policy teams, resulting in a boost to employee engagement and company culture. This, combined with our team expansion efforts, has given us the foundation to continue to advance the quality of service we give to our customers in order to create a more stable supply chain in the largest cannabis market in the world.”

To meet the industry’s growing demand for leveraging third-party distribution and fulfillment, Nabis grew its Operations division by 20% over the last year, and both the Finance and Partner Success teams by 40%. Notable company milestones over the past year also include:

• 160+ new hires
• 5 C-suite additions
• 50+ internal promotions (20% of all Nabis employees)
• 2.4% annual benefit increases
• 88% favorable employee sentiment score

“Attracting and retaining talent emerged as a principal challenge for companies nationwide during 2022, especially those in the cannabis industry,” said Jake Borenstein, Head of People at Nabis. “Thanks to incentive-aligning employment packages, deep commitments to employee diversity, and a well-established culture of enthusiasm and career development, we have continued to reinforce and enhance the depth and drive of our team.”

With a core goal of creating an inclusive and equal-opportunity cannabis market, Nabis aims to build a diverse and dedicated talent pool that is equipped to support its robust ecosystem of partners. While applicants do need to be over the age of 21 and able to pass a background check, the company is dedicated to credential agnosticism—an approach that values experience and work ethic over education and credentials.

“We hire sensational talent from all backgrounds, and we never depend entirely on educational pedigrees,” said Borenstein. “We are striving to find the people that are passionate about the industry and share the same vision to help democratize it.”

Looking ahead, Nabis anticipates continued reinvestment in the pillars that support its dynamic vigor. In addition to focusing on credit management and scaling its distribution network, the company plans to continuously roll out new software product features to improve and automate internal and external processes for brands and retailers, such as the new BillPay portal.

For more information on career opportunities at Nabis, please visit nabis.com/careers.

About Nabis

Nabis is the #1 licensed cannabis wholesaling platform in California, supporting over 300 exclusive brands and supplying the entire network of state-licensed dispensaries with top-tier products. Nabis offers clients lightning-fast fulfillment, warehousing, payment processing, financing, data analytics, sales and marketing services to enable more brands and retailers to innovate, launch and scale. Founded in 2018 by serial tech entrepreneurs Vince C. Ning and Jun S. Lee, Nabis is fueled by cutting-edge technology designed to support cannabis wholesaling between brands and retailers. Nabis works directly with its partners to streamline the regulated cannabis wholesaling process by leveraging actionable, industry-leading sales data and insights to help brands and retailers scale strategically. Learn more: nabis.com

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