“Cannabis-Focused Lending Company FundCanna Launches With $30M In Available Debt Funding”
The cannabis industry welcomed Thursday the launch of the new cannabis-focused lending company FundCanna, co-founded by a financial services veteran, Adam Stettner.
FundCanna said it will provide the burgeoning marijuana industry with a well-funded platform for cultivators, producers, retailers and all participants in the cannabis supply chain.
The initial products will resemble factoring offerings, often seen in the garment and retail industries, offering term loans of 30 to 180 days. The San Diego, California-based company said its offerings will be flexible and highly customizable.
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