fundcanna x nabis

FundCanna Named Preferred Lending Partner of Nabis

Fundacanna partners with Nabis California

California’s Leading Cannabis Lender to Coordinate Financing with 

State’s Largest Service Provider to Brands and Dispensaries

 

SAN DIEGO, CA – FundCanna, the leading provider of capital to small to medium-sized businesses throughout the cannabis sector, announces today a partnership with Nabis, the largest licensed wholesale platform, and logistics provider to California cannabis brands and dispensaries, to be the company’s preferred lending partner. In the capital-intensive cannabis industry, quick access to funding is paramount, and now Nabis partners have a channel for financing through FundCanna, with approvals in as little as 24 hours.

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“This partnership will be a game changer for the many cannabis businesses looking for access to significant capital to grow their businesses in the coming months and years,” said Adam Stettner, Founder and CEO of FundCanna. “Nabis is one of the leaders in this industry when it comes to servicing clients in the Brand and Retail space with cutting edge technology and reliability. Given their unique position to grow the industry and FundCanna’s demonstrated experience across the country funding cannabis businesses, brands and distributors will be able to purchase materials, keep their shelves stocked and product flowing regardless of the unique obstacles our industry faces. Together, we will fuel the upward trajectory of their client base.”

 

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Given Nabis’ unique visibility into distribution, marketplace demand and the movement of product from over 300 brands in California across nearly 100% of the state’s dispensaries and FundCanna’s 20 years and $20B of on-balance sheet lending experience nationwide, the two companies are uniquely positioned to deliver targeted financial solutions for the world’s largest legal cannabis market. This new alliance will provide Nabis partners with robust access, innovation, service and flexibility for their funding needs.

“FundCanna has studied the supply chain and designed unique funding solutions for cannabis companies, which is exactly what is needed in our industry,” said Vince Ning, Co-CEO of Nabis. “Nabis is the market leader in connecting brands with retailers and their clients. We are excited to announce FundCanna as our preferred external funding partner to help our clients get the money and product they need to continue scaling their businesses across California’s greater supply chain.”

 

FundCanna is a leading provider of financing across the cannabis market, with clients in all segments of the supply chain from cultivations through retail and the entire ancillary sector. Nabis’ widespread suite of partners will be able to access information about FundCanna financing directly through their website.

 

“Forging a partnership with Nabis lets both companies create a seamless experience for our clients,” said Ryan Freitas, Chief Revenue Officer at FundCanna. “The team is excited to begin working with Nabis’ clients to offer integrated access to renewable, flexible financing, leading to growth and innovation across California’s cannabis industry. As Nabis enters other states, FundCanna will be by their side to support their efforts.”

About FundCanna

FundCanna is the leading source of debt capital to the cannabis industry. For more than 20 years, their team of financial experts has provided nearly $20 billion in funding to underserved businesses and individuals across the country.

FundCanna products are flexible and designed to service the unique needs of this amazing space.

About Nabis

Nabis is the #1 licensed cannabis wholesaling platform in California, supporting over 300 exclusive brands and supplying the entire network of state-licensed dispensaries with top-tier products. Nabis offers clients lightning-fast fulfillment, warehousing, payment processing, financing, data analytics, sales, marketing services and insights to help more brands and retailers to innovate, launch and scale strategically. Founded in 2018 by tech entrepreneurs Vince C. Ning and Jun S. Lee, Nabis is fueled by cutting-edge technology designed to support cannabis wholesaling between brands and retailers. In 2023, Ning and Lee’s work earned Nabis a spot on Inc. 5000’s list of Fastest Growing Private Companies in America.

Learn more: nabis.com

 

MediaContact:
Anne Donohoe
KCSAStrategicCommunications
FundCanna@kcsa.com