New Cannabis Partnership Set To Revolutionize Nevada's Market As Nabis Acquires Blackbird

Comments
Loading...
Zinger Key Points
  • Cannabis wholesale platform Nabis announced on Tuesday that it's acquiring Blackbird, a Nevada-based distribution solution.
  • The deal combines Nabis’ robust technology, infrastructure and exclusive brands with Blackbird’s network of Nevada operators and retailers.
  • Get Monthly Picks of Market's Fastest Movers

Cannabis wholesale platform Nabis announced on Tuesday that it’s acquiring Blackbird, a Nevada-based distribution solution.

Why It Matters

The deal combines Nabis' technology, infrastructure and exclusive brands with Blackbird's network of Nevada operators and retailers.

It is expected to result in "further strengthening and streamlining efficiencies for operating partners within the state's supply chain," and a "new unified customer experience for cannabis wholesaling in the region," Nabis said in a press release.

Drea Ballard, director of operations at Blackbird, praised the move.

"This strategic partnership brings a powerful synergy to Nevada. It's a bold step toward a brighter future for our cannabis partners statewide," Ballard said. "Nabis shares our commitment to bringing excellence and efficiency to the cannabis supply chain, and we will be working closely with them to elevate our combined strengths."

See also: Cannabis Delivery Giant Joins Forces With Nabis To Dominate Ever-Changing Marijuana Landscape

Currently, Blackbird provides services to roughly 25% of Nevada's cannabis market.

Nabis, founded in 2018 by tech entrepreneurs Vince C. Ning and Jun S. Lee, is dedicated to creating a licensed cannabis wholesale platform with a multi-channel fulfillment network that streamlines cannabis commerce for brands and retailers globally.

What's Next

Ning says he’s pleased to partner with Blackbird.

"Blackbird is already an incredibly well-respected player in Nevada’s market. And as Nabis sets its sights on national and potentially international horizons, we're excited about the combined strengths of this acquisition leading the industry toward a new era of cannabis commerce."

Now read: These Three Cannabis Brands Teamed Up With Nabis To Improve Scalability In California’s Market

The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.

Get your tickets now on bzcannabis.com – Prices will increase very soon!

Market News and Data brought to you by Benzinga APIs

Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Cannabis is evolving – don’t get left behind!

Curious about what’s next for the industry and how to leverage California’s unique market?

Join top executives, policymakers, and investors at the Benzinga Cannabis Market Spotlight in Anaheim, CA, at the House of Blues on November 12. Dive deep into the latest strategies, investment trends, and brand insights that are shaping the future of cannabis!

Get your tickets now to secure your spot and avoid last-minute price hikes.