CapitalNow Cannabis approved a $750,000 factoring line of credit for 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. CapitalNow Cannabis’ factoring services funded the immediate process of converting their 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. CapitalNow Cannabis’ invoice purchasing program will help smooth out the company’s cash flow.
