Get your invoices paid today.
Do you have to work to get the money you’ve already worked for?
Are you not growing your business because of available capital?
Capital Now Cannabis
Now Funding Your Production.
What is it?
Cannabis production financing is the process in which Capital Now buys your Provincial Board receivables. We advance you funds based on the product you’ve delivered, and we send you cash the same day and get repaid when the Provincial Board pays for the product.
How does it work?
Welcome to our Accounts Receivable Financing service for Canadian Licensed Producers. Cannabis Accounts Receivable Financing, or “factoring,” is a financial service designed to provide you with the cash you need to keep your orders and operations running smoothly.
We specialize in factoring provincial board purchase orders helping you get paid as soon as your product is delivered, improving your cash flow, and letting you get started on your next order. We offer invoice factoring to all sizes of businesses, allowing you to get quick payment for your product sales and invest in your operations.
1. You, as a cannabis licensed producer, provide us with your outstanding invoices from the Provincial boards.
2. We review the invoices and determine their value. We offer to purchase your invoices from you and advance you a percentage of their total value.
3. We get repaid by collecting the payment from the Provincial boards on the invoices we purchased from you.
4. Once we receive payment from the Provincial boards, we will pay you the remaining invoice amount (minus any price protection or chargebacks by the Board), minus our fee.
What are the benefits?
Fast funding: Our factoring service allows you to get paid quickly, with funds available in as little as 24 hours.
Improved cash flow: By selling your receivables, you can improve your cash flow and have the funds you need to cover your expenses and invest in your business.
Customized solutions: We offer invoice factoring and production financing for cannabis businesses.
Non-debt: Factoring is not debt and does not appear on your balance sheet. There are no monthly payments, and you can use it only when you need it.
Non-dilutive: Capital Now does not require you to give up equity in your company.
No-personal guarantee: Capital Now does not require your personal guarantee.
Created for growth: The amount of financing naturally increases and decreases with your monthly production volume. There are no minimum or maximum obligations.
Who are we?
Capital Now is a Calgary-based capital provider with over 20 years of experience servicing all industries. We’ve helped hundreds of companies regain control of their cashflow and now want to help you. Based on what we’ve learned by working with cannabis companies over the last eighteen months, we hope that you will find factoring to an excellent tool for your business.
Deal size
We help Licensed Canadian producers doing between $25,000 and $2,000,000 of business per month, but we’d love to hear from you if you have a special requirement.
What are we offering?
We’re offering instant liquidity. Without debt. Without equity.
Everyone needs operating capital occasionally, and we’re prepared to provide you with Capital, Now.
Get started today and experience the benefits of our factoring solutions. Contact us now to learn more about our oil industry financing options.
What do we do?
We advance operating capital based on what you’re actually producing on a daily or weekly basis.
Frequently Asked Questions
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Typically your customers (the Provincial boards) will pay you in 15-60 days or 10-30 days after you’ve delivered your product; factoring allows your company to get paid today by selling your invoices (delivered orders).
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We’ve been funding cannabis LPs since February 2021. Our process and requirements are different from a bank’s. While banks typically provide credit lines to businesses based on their credit history, we take multiple factors into consideration. We are interested in the value of your invoices and the quality of your product, regardless of how long you’ve been in business or your credit.
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No, which invoices you sell us is totally up to you. Request what you need, when you need it, as often as you need it.
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Bien sûr!
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You can request advances for as many invoices as you like and as often as you like, our funding grows with the volume of product you can produce and sell to the Provincial boards.
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Big to small cannabis companies often use factoring for working capital when they have payroll, annual fees, hydro or other bills or when they have big expenses coming up such as excise tax, equipment purchasing or business expansion that would normally require debt or dilution via equity raises.
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Speed - Clients get money in their bank accounts within hours from the time we verify their submitted invoices.
All In fee Structure - we one fee so our clients never have any surprises. That means no admin fees, no schedule fees, no reporting fees, no wire fees.
Experience - we have been factoring for over 20 years and since 2021 in cannabis. -
Your purchase order converts to an invoice and becomes payable by the Provincial board, once you have delivered your product. It is at this point of delivery that Capital Now will fund your invoice (delivered PO).
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We work with Canadian cannabis LPs (Licensed Producers), equipment manufacturers, logistic companies, packaging and growing suppliers; we work with cannabis firms in all sizes and throughout the whole supply chain.
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No, invoice factoring will not affect your credit rating. Because it’s not a loan, it will not affect your future financing facilities.
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No, factoring is not debt and it does not show up as debt on your balance sheet; it is an off-book transaction.
