- FinCanna’s royalty finance model could be a game changer for companies needing capital while operating in the U.S. medical cannabis space
- Pilot marketing program offering HIPAA-compliant point-of-sale solution and inventory tracking system launched in California’s medical cannabis marketplace
- The U.S. medical cannabis market is projected to grow at 11.8 percent CAGR through 2025 from $5.1 billion to an estimated $12.5 billion in 2025 (New Frontier Data)
FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF), a royalty company focused on becoming the capital partner of choice for high-growth, best-in-class businesses operating in the licensed U.S. medical cannabis industry, continues to gain momentum as it invests in top-tier cannabis-related companies. FinCanna’s royalty model is a viable capital solution for U.S. businesses in the licensed medical cannabis sector as the company invests capital for a percentage of future revenues. FinCanna president and CEO Andriyko Herchak notes that the royalty model has been very successful in other industries and brings a uniquely effective approach to funding issues plaguing the U.S. cannabis marketplace.
“Our royalty model allows operators and business owners to preserve their ownership stake, not diluting themselves as they would with typical equity financing,” Herchak stated in an interview with…
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This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company’s SEDAR filings. These risks and uncertainties could cause the company’s actual results to differ materially from those indicated in the forward-looking statements.