CapitalNow Cannabis Approves $75K Factoring LOC to Canadian Integrated Cannabis Company

CapitalNow Cannabis (CNC) approved a $75,000 factoring line of credit to a vertically integrated cannabis and hemp company in Alberta.

The company obtained its processing license and recently added the sales amendment from Health Canada and is transitioning itself into a vertically integrated cannabis company. CNC’s factoring services funded the immediate process of converting the company’s inventory into products such as pre-roll and extracts instead of waiting out the payment terms imposed by the provincial boards.

The company is committed to investing in sustainability initiatives, installing more solar panel systems and improving its waste management system. These green initiatives can often have a high upfront cost but lower the overall cost in the long run. CNC can help the company smooth out its cash flow through its invoice purchasing program.