Repstein is exporting his Canadian distribution model to the US.
Humble and Fume is his distrbutor in Canada and racked up $74 million in Sales in 2021.
To do this, he recently acquired Cabo which maintains a Type 6 manufacturing licence and a Type 11 distribution licence in the city of Los Angeles.
. As a Type 11 distributor, Cabo may: (i) distribute cannabis goods, cannabis accessories and branded merchandise to retailers; (ii) collect and transmit cannabis cultivation and excise taxes to the California Department of Tax and Fee Administration; (iii) arrange for laboratory testing of cannabis samples; (iv) package and label cannabis goods; and (v) manufacture prerolled joints.
Humble & Fume is already a leading North American distributor of cannabis and cannabis accessories, supported by a customer-centric sales team and strong fulfilment infrastructure. As the only fully integrated cannabis distribution solution, Humble bridges the gap for retailers, licensed cannabis producers, multistate operators and cannabis consumers to maximize sales penetration and increase financial performance.
It seems obvious that Hollister's current distributor cannot meet Hollisters cannabis sale expectations .
Enter Cabo into the large California market.
It would seem that Cabo and Hollister Cannabis are made for each .
It offers the necessary element needed to enable Hollister to quickly elevate its cannabis sales in California from the current doldrums of $1.1 m.