FundCanna with CEO Adam Stettner joined me on The Green Peak on The Cannabis Radio recently. Adam is the founder and CEO of FundCanna, a leader in innovator in funding for companies in the underserved Cannabis industry.
Companies that get through the early cash crunch in building a cannabis business, especially those in retail can often build a substantial cash reserve for operations and growth. But firms that will be equally lucrative in other areas of the industry need capital infusions to get through the build-out phase and into revenue. Sometimes, they also need the capital for expansion. There are a number of funding strategies, and depending on your company’s needs, your appetite for risk or growth, and the market potential, you as a business operator have many choices to make. There’s no wrong decision other than indecision. Making the right choice isn’t easy, and getting perspective on the choices and understanding the net benefits and risks is hard. Accordingly, you need good advisors who have experienced the challenges, and who not only know some paths to success, but know who to tap for additional insights.
As an entrepreneur, you know the art and science, and the ins and outs of the cannabis industry. It is your passion, your pursuit. You believe the sky’s the limit, but you keep bumping up against a ceiling — working capital. Until the federal government legalizes marijuana the traditional banks won’t do business with you. It’s a problem many groups are tackling to support the cannabis industry. FundCanna is one of these firms, and over the past 20+ years, their team of financial experts have provided nearly $20 Billion in funding to underserved businesses and individuals across the country.