FundCanna, a cannabis-focused financing platform, announced it secured a new senior credit facility of up to $60 million from a global institutional investment firm managing approximately $40 billion in assets. The agreement provides $35 million at closing, with additional funding available as the company expands its portfolio.

The company said the financing represents a notable institutional move into unsecured cannabis lending, an area that has historically seen limited participation from major institutional investors despite ongoing capital shortages across the regulated cannabis industry.

In connection with the transaction, FundCanna is also restructuring its broader capital base with participation from both new and existing investors, bringing its total capital to about $75 million. Based on historical capital deployment trends, the company expects the new structure to support more than $500 million in cumulative funding volume across the cannabis sector over the next several years.

FundCanna said it has deployed more than $250 million in capital since launch after initially raising about $25 million from private investors. The company has originated more than 5,000 transactions and expects to surpass a $100 million annualized run rate, primarily serving small and midsize operators throughout the cannabis supply chain.

The company’s financing platform supports a range of cannabis businesses, including multi-state operators, manufacturers, distributors, and retailers that often struggle to access traditional financing. FundCanna said its underwriting approach is designed specifically for the unique regulatory and operational complexities of the cannabis industry.

FundCanna also highlighted the growth of its ReadyPaid™ Buy Now, Pay Later platform, which targets what industry analysts estimate to be nearly $4 billion in delinquent accounts receivable across the cannabis supply chain. The company said the platform enables underwriting decisions within minutes and has already processed several million dollars in transactions without reported delinquencies.

With the expanded financing capacity, FundCanna plans to scale ReadyPaid among larger multi-state operators and established cannabis brands seeking to expand wholesale distribution while improving working capital management.

The company noted that broader institutional interest in cannabis credit markets is beginning to emerge as regulatory conditions evolve and lenders search for new deployment opportunities within private credit markets.

KEY QUOTES:

“This is institutional capital entering a part of the market it has historically avoided. That includes both established operators and the broader supply chain that drives the cannabis economy. We’ve built our platform to serve the full spectrum of the market, where access to reliable funding has been inconsistent.”

Adam Stettner, Founder and CEO, FundCanna

“I’ve been lending to businesses for more than 20 years, and cannabis has proven to be a stronger credit market than many expect. But it’s also one of the most difficult markets to get right. The data is fragmented, the laws are inconsistent, and most lenders underestimate how different the cannabis industry can be. We’ve spent five years underwriting thousands of deals to build a real understanding of the space. That’s not easily replicated, and it’s a key reason institutional capital has chosen to partner with FundCanna.”

“As the industry matures, the conversation is shifting from simply providing capital to improving liquidity throughout the supply chain. Larger operators and brands increasingly want tools that help them expand distribution without effectively becoming the bank for their wholesale customers. This is exactly where ReadyPaid fits in. The expanded financing strengthens our ability to support clients across the market, from multi-state operators to independent businesses, based on their specific capital and liquidity needs.”

“Capital alone doesn’t solve the industry’s biggest problem. Operators need liquidity that moves with the pace of their business. When capital flows efficiently through the supply chain, the entire industry becomes more stable, scalable, and resilient.”

Adam Stettner, Founder and CEO, FundCanna

“What ultimately drove investor interest was FundCanna’s combination of real transaction history, risk management discipline and demonstrated capital efficiency. Very few companies in the cannabis finance sector have built this level of operational infrastructure and underwriting depth. FundCanna has established itself as a category leader in a market where institutional capital has historically been cautious to participate.”

Joel Magerman, Managing Partner, Bryant Park Capital