The brand new partnership affords hashish operators expanded entry to capital and compliant banking and lending options.
FundCannathe primary supplier of capital to the hashish sector, introduced a partnership with Dama Enterprise Options (“Dama”), which has designated FundCanna as a most popular lending companion. Shake it up is likely one of the main suppliers of entry to banking and monetary companies to the hashish business, offering protected and safe deposit options for main licensed hashish operators, in addition to offering entry to digital options for shopper cost. The partnership between Dama and FundCanna offers expanded entry to capital and compliant banking and lending options to hashish companies.
“In FundCanna's two and a half years of service to the hashish business, we have now navigated many complexities distinctive to hashish; nevertheless, like conventional companies, hashish operators want sturdy banking relationships and entry to versatile and renewable capital,” mentioned Adam Stettner, founder and CEO of FundCanna. “Banking and entry to liquidity is a primary requirement. Our partnership with Dama provides its clients entry to the options they want for his or her capital and banking wants in a single unified resolution. The typical FundCanna buyer develop 54% in lower than a 12 months. We convey our suite of financing merchandise to unlock progress for Dama's clients. Collectively, we’ll allow hashish firms to attain their monetary targets and enterprise”.
Traditionally, entry to capital has been a problem for firms working within the hashish business. FundCanna was based on the core perception that firms ought to have entry to liquidity, versatile phrases and renewable options. FundCanna is dedicated to offering monetary companies within the hashish sector which are particularly designed to help its distinctive wants, and thru its partnership with Dama, seeks to offer uniform and handy entry to banking and different companies that traditionally have been fragmented or inaccessible. Alongside Dama, FundCanna acknowledges the big alternative to develop entry to capital by providing purchasers of any enterprise a path to complete and trusted financing within the hashish business.
“Collectively, Dama and FundCanna are opening the doorways to funding for our hashish clients as we proceed to offer important companies and modern options to assist these companies thrive,” mentioned Dama CEO Patrick O'Boyle. “We stay up for partnering with FundCanna, reaffirming Dama's dedication to serving the business.”
FundCanna's partnership with Dama advantages hashish operators and the monetary establishments that serve them. With Dama as a widely known and trusted supplier of complete banking companies, level of sale and wholesale options, its partnership with FundCanna will assist purchasers obtain their targets and supreme success by facilitating entry to capital and offering companies important within the hashish sector.
About Dama
Based mostly in San Bruno, Calif., Dama is the hashish business's main supplier of entry to banking and monetary companies, powering protected and safe deposit options for main licensed hashish operators all through the USA and offering entry to digital shopper cost options. The corporate was based in 2017 by a staff of first-class fintech and cost executives to offer high-risk industries with important entry to basic monetary options. In 2022, Dama acquired Growflow, a seed-to-sale POS SaaS, whose enterprise administration and compliance instruments dealt with greater than $3.3 billion for hashish companies. Dama has leveraged its expertise in different unbanked classes to develop options, pushed by its proprietary know-how platform, able to navigating a posh net of regulatory and compliance necessities.
About FundCanna
FundCanna is the main supply of capital for the hashish business nationwide. The financing merchandise that FundCanna affords are customizable, versatile, renewable and dependable. The funding supplied is simply meant for hashish operations and ancillary firms that help the business. Based mostly in San Diego, California, FundCanna has secured greater than 2,500 purchasers and authorised greater than $275 Million to the hashish business in all verticals and in additional than 40 states.
FundCanna's staff of specialists has supplied $20 billion in finances financing to underserved companies and people throughout the nation. Adam Stettner, founder and CEO of FundCanna, has efficiently based and operated monetary firms for the previous 20-plus years, incomes quite a few nationwide awards and recognition, together with EY's Entrepreneur of the 12 months and 7 exhibits on Inc. 500/5000. Stettner and his staff have centered solely on financing licensed hashish operators and ancillary suppliers since 2021.
For extra info on financing hashish, go to FundCanna.com.
