California-based FundCanna has helped hundreds of cannabis brands secure safe, legal financing with flexible terms. FundCanna gives cultivators, craftspeople, manufacturers, and even ancillary services the ability to scale their businesses to create and meet market demand.
Exclusively serving cannabis and hemp clients, FundCanna is operated by a core team of cannabis advocates who bring decades of experience in the finance sector to the multibillion-dollar industry.
Focused solely on working with licensed and established cannabis and hemp brands, FundCanna has facilitated $150M+ in risk-tolerant, short-term financing options for hundreds of clients representing all links in the supply chain.
It is easy to imagine endless scenarios that can occur day-to-day as a cannabis operator where access to significant cash reserves could mean capitalizing on a lucrative opportunity that doubled or tripled every dollar thrown at it. This is how the streets have slanged weed since the beginning of time.
FundCanna is that financial reserve that clients can tap into anytime to round up funds to expand cultivation canopy, buy hash-ready biomass, upgrade manufacturing equipment, or deck out a dispensary remodel.
FundCanna writes the rules regarding whether funding gets approved or not. Their in-house underwriting is highly risk-tolerant when it comes to cannabis, but approvals are based on more than a credit score, relying on cash flow and track record instead.
Furthermore, denials are issued as protection for FundCanna and the applicant, as overextending a client is not in anyone’s best interest.
Their average client comes back multiple times for additional financing, and their clients are seeing real-time, real-world growth by utilizing the short-term bridge financing in which FundCanna excels.
At FundCanna, They Just Get It
The full-spectrum blend of leadership at FundCanna combines over 20 years of proven business financing principles with some team members’ own experience of flipping rooms (and money) to harvest hardly legal cannabis crops back in the day.
Understanding that production and, subsequently, payment cycles vary wildly when dealing with weed, FundCanna works one-on-one with each potential and returning client to craft a mutually beneficial plan to fund that brand’s next success. Naturally, this includes the payoff plan for the financing, so each plan is built to give the client enough time to realize enough return on their investment to satisfy the terms.
Having watched too many respected legacy brands sell their souls to snake oil salesmen and shady investors over the years, we recognize the independence and financial freedom that FundCanna’s service provides for self-made brands like Beard Bros Pharms.
Banking and finance woes are not the most common conversation at the average smoke sesh, but you better believe that the lack of traditional and fair banking and finance options for cannabis brands has become a hot topic among licensed operators looking for a leg up.
FundCanna sits in a unique position of fundamentally understanding both worlds, with the resources to bring them together for mutual benefit for all involved.
Who Does FundCanna Help?
A customized financing plan from FundCanna is meant to act as a “bridge” to take the recipient from where they currently are (idea/opportunity stage) to where they want to go (success).
If you have a chance to flip $50k into a bigger bag in a matter of months, utilizing financing from FundCanna might make the most sense.
“When a licensed operator wants to do anything from making an opportunistic purchase of inventory to expanding a grow facility, timing is everything. They can’t afford to wait until they have the money in hand or to use cash reserves that may be needed for normal course of business. They need capital that moves at the speed of their opportunity. That’s what FundCanna delivers, funding when our clients need it. Fast, flexible access to funds, tailored around real performance and real Cannabis industry needs. Our clients come back to us over and over because we work hard to make our money work for them.”
Adam Stettner, CEO FundCanna.
Let’s see how it applies out here in the marketplace.
Commercial cannabis cultivation, for example, shows how different the calendar works for full-term outdoor crops versus light-dep greenhouse crops versus indoor. FundCanna has unique and sensible solutions and payoff plans for all farms and facilities.
The payment cycle is skewed up and down the supply chain, with licensed manufacturers of best-selling edibles, topicals, beverages, tinctures, hash, and more being forced to lay out incredible amounts of upfront capital for raw materials, labor, processing, packaging, shipping, and more, months at best before they see revenue return to them.
Trying to time those ups and downs against market swings, operational costs like licensing renewals and endless compliance obligations, out-of-the-blue opportunities, and all of the other craziness that comes with being a cannabis operator is not easy and it’s not healthy, but with timely infusions of capital from FundCanna, it’s not necessary.
Think of your FundCanna financing like a credit line or a money faucet that can be turned on and off. Picture this:
Opportunity knocks, so you apply for $100k and get approved.
You begin putting the funds to work, and you find success (whatever that means to you in that case) after using $60,000 from your FundCanna account. During that process, a second opportunity arises to turn $20k into $50k, so you tap back into the FundCanna cash.
You have now depleted $80,000 of your allotted $100,000. The cost of utilizing that capital is based on how much you withdraw and how long you hold those funds, not the total amount you have allocated.
With a sound business plan, you pay off the $80k promptly, mitigating the impact that cost has on your resulting profits.
Even hemp-derived brands operating outside of the burdensome regulations of cannabis markets are facing discrimination from traditional banks and lenders. Or, they’re being saddled with hard money rates and unforgiving terms from sources completely ignorant about and uninterested in the unique challenge of bringing hemp or cannabis products to market.
Cannabis testing labs, delivery services, dispensaries, distribution, and even ancillary services that work with the plant, even if they don’t touch it – FundCanna has financing solutions for all sensible situations.
Applying is easy.
- Fill out the application
- Provide 3-6 months of bank statements
- Provide current YTD financials
That’s it!
Decision times vary, but it is not uncommon to receive your approval within 24 hours of applying.
Use your FundCanna capital to market and scale your brand, to maximize your inventory and optimize your equipment, to attract new talent to your team, or whatever puts you on the path to success and growth while laughing at the local bank every time you drive past.
“Cannabis operators often think financing is just for equipment or expansion, while true it is also great to use for inventory enabling them to pay over time as that inventory sells through, locking in large bulk purchases at a discount or bridging cash flow while they look to receive their revenue from operations. Use like this actually helps to manage cash flow, protect and grow margins and creates momentum.” says Adam Stettner, CEO and Founder of FundCanna.
FundCanna x Tradecraft Farms: Raising the Bar for Vertical Integration
Founded in SoCal over a decade ago, Tradecraft Farms is rooted in the traditions of farm, family, and friends. That vibe carries over to their four retail locations in California, as well as to their in-house cannabis product brands, including their Tradecraft Farms indoor flowers, Better Days Farms sungrown flowers, and Sticke gummies.
Licensing and launching multiple cannabis brands, including varying types of cultivation, edibles manufacturing, and retail locations from San Diego to Lancaster, creates a constant demand for capital. So, when Tradecraft looked to expand its indoor cultivation facility, it turned to FundCanna for construction and operations financing.
“The understanding of our needs and the industry make FundCanna an excellent partner that we will continue to use,” says Barry Walker, CEO and President of Tradecraft Farms. “It is a relief that there is finally a finance company in the cannabis space that has the experience and credibility to service companies like ours.”
Don’t let the fact that they are ‘money guys’ fool you. From the frontlines of events like Hall of Flowers to the steps of the state capitol to advocate for the plant, FundCanna is down for this culture and this community. Just because you have never seen pictures of them blazing blunts with the Beard Bros, just know that the cameras aren’t always on!
The smartest and savviest businesspeople in the world often utilize alternative financing like FundCanna rather than tying up their operating capital. The flexibility and velocity inherent in this type of financing work well for those who know how to wield it.
FundCanna is the plug for financing your cannabis or hemp-based business. To learn more or to finance your next success, visit https://fundcanna.com/
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