FundCanna has secured a new senior credit facility of up to $60 million from a global institutional investment firm with approximately $40 billion in assets under management. The facility provides $35 million at close, with additional capital available as FundCanna scales its portfolio.
In conjunction with the facility, FundCanna is restructuring its broader capital base, including new and existing investor participation, bringing total capital to approximately $75 million.
Based on its historical capital velocity, the company expects the new structure to support more than $500 million in cumulative funding across the cannabis industry over the next several years.
The transaction represents a significant step forward for a sector that has long operated without access to institutional credit. While capital has flowed into cannabis through equity and real estate-backed strategies, unsecured lending to operating businesses has remained largely absent from institutional portfolios.
“This is institutional capital entering a part of the market it has historically avoided,” said Adam Stettner, founder and CEO of FundCanna. “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.”
Since inception, FundCanna has deployed more than $250 million in capital after initially raising approximately $25 million from private investors, reflecting roughly 10x capital deployment. The company has originated more than 5,000 transactions and will soon exceed a $100 million annualized run rate, primarily serving small- and mid-sized operators across the cannabis supply chain.
“What ultimately drove investor interest was FundCanna’s combination of real transaction history, risk management discipline and demonstrated capital efficiency,” said Joel Magerman, Managing Partner at Bryant Park Capital, the investment bank that represented FundCanna in the transaction.
FundCanna’s model is centered on providing liquidity across the cannabis supply chain—from large multi-state operators to manufacturers, distributors and retailers that often lack consistent access to traditional financing. Many operators require specialized funding solutions designed with the flexibility to support the unique dynamics of the cannabis economy.
“I’ve been lending to businesses for more than 20 years, and cannabis has proven to be a stronger credit market than many expect,” Stettner added. “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.”
FundCanna has also invested heavily in data-driven underwriting and automation. Its ReadyPaid Buy Now, Pay Later platform addresses what industry analysts estimate to be nearly $4 billion in delinquent accounts receivable, a persistent constraint on growth across the cannabis supply chain. The platform enables underwriting decisions in minutes and has processed several million dollars in transactions to date without any reported delinquencies.
With the new facility, FundCanna expects to expand ReadyPaid’s role across larger multi-state operators and established cannabis brands, particularly those focused on scaling wholesale distribution
The platform allows sellers to receive payment upfront while offering buyers extended payment flexibility, enabling operators to grow revenue, support retail partners and improve working capital efficiency without taking on prolonged balance sheet exposure.
The financing comes at a time when private credit firms and banks are beginning to reassess the cannabis sector as regulatory signals evolve and capital seeks new areas of deployment. While meaningful constraints remain, early signs of institutional interest are emerging, particularly in credit strategies where lenders can price for complexity.
“Capital alone doesn’t solve the industry’s biggest problem,” Stettner said. “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.”
As access to institutional capital expands, the company expects to increase funding volume, lower its cost of capital over time, and continue to broaden access to financing for cannabis operators.
