CapitalNow Cannabis Provides $300K Factoring Line to Extractor in Toronto

CapitalNow Cannabis approved a $300,000 factoring line of credit to a cannabis extractor in Toronto.

The company will leverage CapitalNow Cannabis’ factoring services to fuel growth and maintain working capital. The company has manufacturing and intellectual property assets related to solventless cannabis extracts such as hash, rosins and dry sift as well as multiple Cannabis 2.0 brands in its portfolio. The company’s initiatives to launch new product lines and fulfill recently obtained provincial sales amendments are initially capital intensive, and CapitalNow Cannabis can help it reduce its cash conversion cycle. 

Additionally, the client was recently acquired by a publicly-traded company and continues to use CapitalNow Cannabis’ non-dilutive services.