SAN DIEGO, May 13, 2024  – FundCanna, the leading provider of capital to the cannabis sector, announced a partnership with Dama Financial (“Dama”), which designated FundCanna as its preferred lending partner. Dama is the cannabis industry's leading provider of access to banking and financial services, powering safe and secure depository solutions for top licensed cannabis operators, as well as providing access to electronic consumer payment solutions. The partnership between Dama and FundCanna provides expanded access to capital and compliant banking and lending solutions.

“We have been servicing the Cannabis industry for roughly 2.5 years. There are many complexities unique to cannabis, however like traditional business, Cannabis operators have a the need for strong banking relationships and access to flexible and renewable capital.  Banking and access to liquidity is a basic requirement. Our partnership with Dama gives their clients  access to the required solutions for both their capital and banking needs in one unified solution,” said Adam Stettner, founder and CEO of FundCanna. “The average FundCanna client grows 54% in less than a year after working with us.  We are bringing our suite of funding products to unlock growth for Dama’s clients with an integrated solution.  Together, we will empower cannabis companies to achieve their financial and business goals.”

Historically, access to capital has been a challenge for businesses operating in the cannabis industry. FundCanna was founded on the core belief that businesses should have access to liquidity, flexible terms and renewable solutions.  FundCanna is committed to providing financial services in the cannabis sector that are designed specifically to support its unique needs. Partnering to provide uniform and convenient access to banking and other services that historically have been fragmented or unattainable. Through its partnership with Dama, FundCanna recognizes the tremendous opportunity to broaden access to capital by offering clients of each business an avenue to compliant and trusted financing in the cannabis industry.

“Together, Dama and FundCanna are opening doors to funding for our cannabis clients as we continue to provide essential services and innovative solutions to help these businesses thrive,” stated Patrick O’Boyle, CEO of Dama Financial. “We are eager to collaborate with FundCanna, reaffirming Dama’s commitment to serving the industry.”

FundCanna’s partnership with Dama benefits both cannabis operators and the financial institutions that serve them. With Dama as a known and trusted provider of comprehensive banking, point-of-sale and wholesale solutions, its partnership with FundCanna will assist clients in achieving their goals and ultimate success by facilitating access to capital and providing essential services in the cannabis sector.

About Dama Financial

Based in San Bruno, Calif, Dama is the cannabis industry's leading provider of access to banking and financial services, powering safe and secure depository solutions for top licensed cannabis operators throughout the United States as well as providing access to electronic consumer payment solutions. The company was founded in 2017 by a team of world-class fintech and payments executives to provide high-risk industries with critical access to fundamental financial solutions. In 2022, Dama acquired Growflow, a SaaS seed-to-sale POS, and whose business management and compliance tools have processed more than $3.3 billion for cannabis businesses. Dama has leveraged its experience in other unbanked categories to develop solutions, driven by its proprietary technology platform, capable of navigating a complex web of regulatory and compliance requirements.

About FundCanna

FundCanna is the leading source of capital for the cannabis industry. The funding products FundCanna offers are customizable, flexible, renewable and reliable. The financing offered is designed exclusively for cannabis operations and the ancillary companies that support the industry.

For more than 20 years, their team of financial experts has provided $20 billion in funding to underserved businesses and individuals across the country. Adam Stettner, founder and CEO, has successfully founded and operated finance companies for the past 20-plus years, earning numerous national awards and recognition including EY’s Entrepreneur of the Year and seven showings on the Inc. 500/5000.

Stettner and his team have focused exclusively on financing licensed cannabis operators and ancillary providers since 2021. For more information about cannabis financing, visit FundCanna.com

Media Contacts:

Patrick Maddox

KCSA Strategic Communications

fundcanna@kcsa.com