FundCanna Secures $60 Million Senior Credit Facility

FundCanna, a San Diego-based financial technology company focused on lending to the legal cannabis, hemp, and CBD industries, has secured a senior credit facility of up to $60 million from a global institutional investment firm.

The facility included $35 million at closing, with additional capital available as the company expands its portfolio. The transaction brings FundCanna’s total capital to approximately $75 million.

The company said the new facility will support its expansion among larger multi-state operators and established cannabis brands. It also plans to focus more on businesses that are scaling wholesale distribution.

What FundCanna does

Founded by CEO Adam Stettner, FundCanna provides financing solutions for licensed businesses across the cannabis supply chain.

Its ReadyPaid platform allows sellers to get paid upfront while giving buyers more flexible payment terms. The company says this model can help operators improve working capital efficiency, support retail partners, and grow revenue without carrying long-term balance sheet exposure.

Where the company lends

FundCanna works with licensed business entities across multiple parts of the cannabis supply chain, including:

Cultivators and growers
Dispensaries and retailers
Brands and manufacturers
Distributors
Testing laboratories

Why this matters

The new credit facility gives FundCanna more room to expand lending activity in a sector where access to capital remains limited for many operators.

It also signals continued investor interest in financial infrastructure for regulated industries, especially companies that support payments, liquidity, and growth financing across the cannabis ecosystem.