SAN DIEGO – FundCanna 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.
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 chief executive officer at FundCanna. “That includes both established operators and the broader supply chain that drives the cannabis economy.”
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.
Investment bank Bryant Park Capital 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.
With the new facility, FundCanna expects to expand its ReadyPaid product’s role across larger multistate 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.
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.”
