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Nabis Dedication to Reinvestment Expands Assets and Groups Throughout Firm, Strengthens California Presence

Tech-Pushed Hashish Startup Promotes 20% of Workforce, Will increase Annual Advantages and Headcount To Foster Firm Well being and Assist Rising Ecosystem

SAN FRANCISCO, January 24, 2023–(BUSINESS WIRE)–Nabis, the main licensed hashish wholesale platform on this planet’s largest authorized hashish market, displays on a 12 months of inside reinvestments which have superior the corporate’s place because the {industry}’s one-stop-shop answer for operators in 2023 With its rising footprint now accounting for roughly 20% of California’s authorized market, Nabis’ deal with recruiting prime expertise throughout eclectic industries to assist its community of companions comes at a crucial time within the hashish and tech industries.

“It is necessary that our workers really feel valued, keep forward of the broader monetary complexities our society is experiencing, and are aligned with a transparent imaginative and prescient and sense of function,” mentioned Vince C. Ning, Co-Founder and Co-CEO of Nabis. “During the last 12 months, Nabis made it some extent to implement a sequence of strategic inside reinvestments throughout product growth, achievement, finance and coverage groups, leading to a lift to worker engagement and firm tradition. This, mixed with our group growth efforts, has given us the muse to proceed to advance the standard of service we give to our clients to be able to create a extra steady provide chain within the largest hashish market on this planet.”

To fulfill the {industry}’s rising demand for leveraging third-party distribution and achievement, Nabis grew its Operations division by 20% over the past 12 months, and each the Finance and Companion Success groups by 40%. Notable firm milestones over the previous 12 months additionally embrace:

  • 160+ new hires

  • 5 C-suite additions

  • 50+ inside promotions (20% of all Nabis workers)

  • 2.4% annual revenue will increase

  • 88% favorable worker sentiment rating

“Attracting and retaining expertise emerged as a principal problem for corporations nationwide throughout 2022, particularly these within the hashish {industry},” mentioned Jake Borenstein, Head of Folks at Nabis. “Because of incentive-aligning employment packages, deep commitments to worker variety, and a well-established tradition of enthusiasm and profession growth, we have now continued to bolster and improve the depth and drive of our group.”

With a core aim of making an inclusive and equal-opportunity hashish market, Nabis goals to construct a various and devoted expertise pool that’s outfitted to assist its sturdy ecosystem of companions. Whereas candidates do have to be over the age of 21 and capable of go a background examine, the corporate is devoted to credential agnosticism—an method that values ​​expertise and work ethics over training and credentials.

“We rent sensational expertise from all backgrounds, and we by no means rely completely on academic pedigrees,” Borenstein mentioned. “We’re striving to search out the people who find themselves passionate in regards to the {industry} and share the identical imaginative and prescient to assist democratize it.”

Wanting forward, Nabis anticipates continued reinvestment within the pillars that assist its dynamic vigor. Along with specializing in credit score administration and scaling its distribution community, the corporate plans to repeatedly roll out new software program product options to enhance and automate inside and exterior processes for manufacturers and retailers, equivalent to the brand new BillPay portal.

For extra data on profession alternatives at Nabis, please go to nabis.com/careers.

About Nabis

Nabis is the #1 licensed hashish wholesaler platform in California, supporting over 300 unique manufacturers and supplying your complete community of state-licensed dispensaries with top-tier merchandise. Nabis affords purchasers lightning-fast achievement, warehousing, fee processing, financing, information analytics, gross sales and advertising and marketing providers to allow extra manufacturers and retailers to innovate, launch and scale. Based in 2018 by serial tech entrepreneurs Vince C. Ning and Jun S. Lee, Nabis is fueled by cutting-edge expertise designed to assist hashish wholesale between manufacturers and retailers. Nabis works immediately with its companions to streamline the regulated hashish wholesale course of by leveraging actionable, industry-leading gross sales information and insights to assist manufacturers and retailers scale strategically. Be taught extra: nabis.com

View supply model on businesswire.com: https://www.businesswire.com/information/residence/20230124005455/en/

contacts

Molly A Sposato
Grasslands: A Journalism-Minded Company
molly@mygrasslands.com
207-332-6121

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