Demystifying Cannabis Business Loans: Lending Types & How to Get Them

Cannabis operators historically face challenges when accessing capital and understanding what’s available, or best, for their business type. We’ll put a spotlight on these loan types and best practices for getting qualified and approved.

Thursday, October 24, 2024 1:30 PM ET / 10:30 AM PT | 60 Minutes

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Your operation needs capital to make strategic decisions and purchases required to grow.  This session is for you if you struggle to determine where the money will come from.

This webinar will educate cannabis business operators about the different loan types available to them, eligibility requirements, and the benefits of financing solutions from key industry lenders. 

Featuring speakers from valued Green Check partners Fundcanna, Sweet Leaf Madison Capital, and BitX, this expert team will provide valuable insights into why and how financing strategies can help operators scale, sustain, or grow their operations.

Topics Covered Include:

  • Understanding the types of loans available to cannabis operators.
  • How to determine the best loan type per business stage and market.
  • How lenders assess risk in the cannabis industry.
  • Success stories and use cases.

Who Should Attend:

  • Licensed cannabis operators: all types
  • Pre-license cannabis entrepreneurs 
  • Ancillary businesses serving the cannabis industry
  • CFOs, accountants, and finance teams running a cannabis business
  • Anyone else looking to raise capital in the cannabis industry

Take Aways:

  • Full recording of the presentation
  • Direct contact with presenters after the event
  • Answers to your questions
  • Free access to the Green Check Connect Marketplace
MEET OUR

Presenters

Stacy Litke

VP, Banking Programs, Green Check

Stacy Litke is VP of Banking Programs at Green Check Verified with decades of experience in the financial services industry.  Time spent in retail, lending, operations, and technology — and from the seats of a community banker, fintech executive, and consultant — has provided Stacy with a comprehensive view of the industry.  Prior to joining Green Check, Stacy was SVP of Operations for a Massachusetts-based, $900 million institution.  Today, she uses her collective experience to help financial institutions with compliant cannabis banking programs.

Todd Rowe

President, BitX

Todd Rowe is the dynamic CEO of BitX Capital, a leading fintech company revolutionizing the small business lending space. Armed with a Finance and Economics degree, Todd's career trajectory has been marked by strategic acumen and innovation in the SMB lending space. At BitX Capital, Todd leads the charge as the company's CEO, steering it to unprecedented success. BitX Capital is a marketplace for small business loans, connecting clients with the right lender and loan. Specializing in startup loans in the cannabis space, the company under Todd's leadership has become a trailblazer in providing financing for small businesses from startup to SBA 7a and every loan in between. Todd's commitment to industry knowledge-sharing is evident on his LinkedIn profile, where he actively engages in discussions. As an advocate for the small business community, Todd Rowe is shaping the future of finance through BitX Capital, empowering businesses to thrive in the current economy.

Andrew Powell

President, Sweet Leaf Madison Capital

Andrew Powell is an accomplished investment executive with over 20 years of experience in financial and alternative investments, including public security markets, real estate, cannabis, agriculture and private equity. Andrew’s strategic vision and expertise in sourcing, underwriting, and capital investment make him a formidable leader at Sweet Leaf Madison Capital, where he directs business development through strategic partnerships, deal sourcing, and capital markets. In previous leadership roles, he sourced and executed over $225MM in real estate transactions at Ashkenazy Acquisition Corp., and delivered a 143% return on a commodity derivatives portfolio as co-founder of NEOS Special Opportunities Fund LP, demonstrating his ability to deliver impressive returns across various asset classes. He holds a Bachelor of Business Administration from the University of Michigan's Stephen M. Ross School of Business.

Ryan Freitas

Chief Revenue Officer, Fundcanna

Ryan Freitas brings over 20 years of experience in sales, partnership, and business development within the financial services industry. As EVP of Sales at National Funding, he led teams delivering over $3 billion in working capital loans, equipment financing, and cash flow products to American SMBs. Ryan has managed up to seven separate sales teams, recruiting, training, and leading new talent. His passion for sales and leadership is evident in his success coaching and motivating hundreds of sales professionals to exceed goals and break records. Ryan has held management positions at several financial services firms, including National Funding, San Diego Torrey Hills Capital, Inc., and MD7 Inc. He founded DebtzEnd, Inc. in 2009 to develop customized debt relief solutions for clients.