SAN FRANCISCO — Nabis acquired select assets of Humble Cannabis Solutions, a distributor operating in California. The acquisition expands Nabis’ operational footprint and capacity across NorCal, Central Coast, and SoCal regions.
The acquisition and financing add approximately $13 million in assets to Nabis’ balance sheet, according to the company, including a $4-million strategic capital investment from Humble Cannabis Solutions, $4 million in distribution assets to be integrated into Nabis’ California operations, and $5 million in debt financing. Nabis will integrate existing brand partners into the Nabis Marketplace.
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