In today's podcast, we have a special guest, Adam Stettner, the CEO of Fundcana, a leading provider of liquidity and financing solutions in the legal cannabis industry. Adam shares his insights and experiences in navigating the challenges of funding in the cannabis sector and sheds light on how Fundcana is revolutionizing financing for cannabis businesses.
When asked about the initial capital-raising process for Fundcana, Adam explains that he leveraged his track record and experience in managing capital to raise $30 million from friends and acquaintances. This capital was raised in the form of $5 million in equity and $25 million in debt. Adam's goal was to demonstrate the success of Fundcana's model and build a reputation as a valuable partner to the cannabis industry.
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