CapitalNow Increases Working Capital Facility to $1.5MM for Cannabis Company
CapitalNow Cannabis increased a working capital credit facility from $500,000 to $1.5 million for a multi-provincial cannabis company.
The company owns and operates a medical cannabis online marketplace where patients can access cannabis products. The platform allows craft cannabis and micro cultivators/growers to bring their products to market. The company is using CapitalNow Cannabis’ factoring services to stay ahead of excise taxes, keep up with market demand and make payroll.