FundCanna has secured a senior credit facility of up to $60 million, a move the company says will expand its ability to provide funding to marijuana operators and supply-chain businesses at a time when the industry continues to face limited access to traditional financing.

The San Diego-based company said the facility comes from a global institutional investment firm with approximately $40 billion in assets under management. The deal provides $35 million at closing, with additional capital available as FundCanna grows its portfolio.

As part of the transaction, FundCanna is also restructuring its broader capital base with participation from new and existing investors, bringing its total capital to roughly $75 million. Based on its past capital velocity, the company said the structure could support more than $500 million in cumulative funding to the marijuana industry over the next several years.

“This is institutional capital entering a part of the market it has historically avoided,” said Adam Stettner, founder and CEO of FundCanna. “That includes both established operators and the broader supply chain that drives the cannabis economy. We’ve built our platform to serve the full spectrum of the market, where access to reliable funding has been inconsistent.”

FundCanna says it has deployed more than $250 million in capital since its inception after initially raising about $25 million from private investors. The company has originated more than 5,000 transactions and says it will soon exceed a $100 million annualized run rate, with a focus on small- and mid-sized businesses across the marijuana supply chain.

The company provides non-real estate financing to licensed marijuana businesses and ancillary companies, including manufacturers, distributors, retailers and larger multi-state operators. Unsecured lending to marijuana operating businesses has remained limited, even as capital has entered the sector through equity and real estate-backed models.

FundCanna has also developed its ReadyPaid Buy Now, Pay Later platform, which is designed to address delinquent accounts receivable in the marijuana supply chain. The company says the platform enables underwriting decisions within minutes and has processed several million dollars in transactions without any reported delinquencies.

With the new facility, FundCanna expects to expand the platform’s use among larger multi-state operators and established marijuana brands, particularly those scaling wholesale distribution. The company says the model allows sellers to receive payment upfront while giving buyers more flexible payment terms.

“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.”