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Services We Provide
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Due to the difficulties many companies both directly in the cannabis industry as well as in ancillary industries face in receiving any financing options, growth capital is fundamentally crucial.
(CBD) Credit Card Processing
Canna Business Resources provides cost-effective credit card processing for CBD companies within the industry. Good rates on credit card processing can often times prove to be difficult.
Point of Banking (Cashless ATM)
Among our various services, we provide our clients with a cashless ATM system designed specifically to allow the processing of debit cards without receiving cash.
Financial Resources for your Canna Business
Helping You Grow
$2 Million Unsecured Credit Facility
CBR has provided multiple unsecured debt facilities to a dynamic management team allowing them to grow their business to be one of the largest retail dispensary chains in the country. Our capital allowed the chain to make an acquisition of two smaller dispensaries without having to partner up with a venture capital firm. “The support of CBR has been a key component of our success. Having access to capital that we did not have to sell equity for has provided us with a competitive advantage and permitted us to grow our business with confidence across several states,” stated the Chief Executive Officer.
$3.5 Million Equipment Based Facility
One of the largest, wholesale CBD companies in the country required a working capital piece in order to grow their business and take advantage of new market opportunities. CBR established a competitively priced working capital facility that allowed the company to maintain its rapid growth. Not only was the company able to take advantage of their free and clear equipment for their own use but have even taken the next step in becoming a referral partner with CBR. As a wholesaler with retail connections, this company has connected CBR with over 30 retailers that have used our non-dilutive capital. As a partner with CBR, this company has fully enjoyed the upside of over $500,000 in gross referral fees paid by our company.
$250,000 Unsecured Short term bridge
A boutique dispensary in california about to close on an equity raise required a short-term bridge until their $2 million equity raise came through. This transaction was done, start to finish in 24 hours. The customer only needed the capital for 3 weeks so we creatively structured a 3 week non-dilutive bridge to the closing. Instead of giving away equity or putting up an asset, the company was able to retain value for a bridge that was fully paid off within 3 weeks. We still remain a proud partner as the rapidly growing company has now used CBR for 3 different bridge transactions.
“Our goal is to pioneer and provide all of the essential resources to help businesses in the cannabis and CBD industries thrive.”