Capital Now Provides $1.5MM Credit Facility to Cannabis Producer
Capital Now provided a $1.5 million credit facility to a medical cannabis producer in Kisku, AB.
The cannabis producer contacted Capital Now after hearing about its services online. The producer faced lengthy payment terms from provincial boards, which stifled growth between order fulfillments. The company needed cash flow to increase the size of its facility and scale production. However, as a cannabis producer, the company was ineligible for financing from some institutions.