CapitalNow Increases A/R Funding, Provides Production Financing to Cannabis Processor

CapitalNow Cannabis increased an accounts receivable financing credit facility from $450,000 to $900,000 and provided a $100,000 production financing facility for a midsized cannabis processor in British Columbia.

Over the past 18 months, the cannabis processor has developed and brought to market 62 SKUs in four provinces. In a matter of months, CapitalNow Cannabis’ financing solutions strengthened the company's cash flow, as evidenced by its recent ability to secure a $250,000 order with the Ontario Cannabis Store (OCS) and newly formed strategic partnerships.