CapitalNow Hashish expands buying energy to $ 20 million

CALGARY, A band VANCOUVER, BC, July 8, 2021 / CNW / – CapitalNow Cannabis * is the proud and first cannabis member of the International Factoring Association (IFA) and expands the purchasing power of business-to-business (B2B) invoices $ 20 million. “The demand for CNC’s working capital in the Canadian cannabis industry has grown rapidly. This additional capacity will benefit our current and future customers.” Joshua Reynolds, President – CapitalNow Cannabis

CapitalNow Cannabis Logo (CNW Group / CapitalNow Cannabis)

CapitalNow Cannabis *, IFA’s first cannabis member, expands the purchasing power of B2B invoices $ 20 million.

Government COVID-19 assistance programs are coming to an end, CRA is again closely examining excise tax arrears, Workers Injury Allowances and Health Canada annual renewals are of constant concern. Mergers & Acquisitions activities are now in full swing as buyers look for free, diverse, or distressed deals. These normal business activities all require working capital.

Capital Now Cannabis specializes in situations that arise at any stage of a business including start-up, hockey stick growth, and turnaround, and we operate in all provinces, including Quebec. CapitalNow Cannabis provides much-needed, bespoke supply chain financing programs to Canadian cannabis companies. Hard-working companies in the burgeoning cannabis space have struggled with working capital since the sector began, as traditional lenders and institutions have largely turned their backs on the industry. We help start-ups with initial contracts, established operators with unexpected or accelerated growth, and all clients waiting for SR&ED (Scientific Research and Experimental Development) tax credits.

* About CapitalNow Cannabis:
CapitalNow Cannabis is an alternative finance company focused on the emerging Canadian cannabis supply chain. We provide responsive cash flow solutions for licensed operators who need working capital to keep and grow operations. For more information, please visit www.capitalnowcannabis.com.

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* About the International Factoring Association:
Headquarters in Avila Beach, California, with over 450 corporate members, the International Factoring Association is the largest association of commercial finance companies. Members include factoring firms, asset-based lenders, and other debt finance firms. Since 1999, the International Factoring Association has provided a forum for member organizations to meet and discuss issues and concerns, share best practices, disseminate information and promote a single voice in the marketplace. The main spokesperson for the factoring and receivables finance industry is the International Factoring Association Association Bert Goldberg. More information is available at http://www.factoring.org.

SOURCE CapitalNow Cannabis