cannabis capital

San Francisco-based Distru, a cannabis ERP platform, has closed a successful $6 million Series A funding round. The funding, led and announced by Poseidon Investment Management, with additional backing from Global Founders Capital, will accelerate Distru’s mission to become the go-to platform...

NewLake Capital Partners, Inc. (OCTQX: NLCP) announced its financial results Wednesday for the third quarter ended Sept. 30, 2024. The Connecticut-based company said third-quarter revenue totaled $12.6 million, representing an increase of 9.3% year-over-year. Anthony Coniglio, NewLake's president...

It's no secret that cannabis companies are facing some formidable challenges when it comes to raising capital, thanks to marijuana’s onerous classification as a Schedule I controlled substance under federal law. But now with potential changes on the horizon, such as cannabis rescheduling and...

FundCanna, a provider of capital to the cannabis sector, has teamed up with Dama Business Solutions. Why It Matters The new partnership, which will benefit both cannabis operators and financial institutions that serve them, provides expanded access to capital and compliant banking and lending...