# FundCanna

> FundCanna is a San Diego lender built for one job the traditional banking system refuses to do: putting flexible, non-dilutive capital into the hands of cannabis operators. Because cannabis is still federally illegal, dispensaries, cultivators, distributors, and the labs and equipment makers around them can't get SBA loans, bank lines, or ordinary credit cards. Founded in 2021 by finance veteran Adam Stettner, FundCanna offers revolving credit lines, inventory and equipment financing, and a B2B buy-now-pay-later product called ReadyPaid. It has approved more than $300 million for companies representing over $6 billion in annual sales, funded clients in 40 states, and in 2026 pulled a $40 billion institutional investor into a market Wall Street had avoided.

- **Founded:** 2021
- **Headquarters:** San Diego, California, United States
- **Founders:** Adam Stettner (Founder & CEO)
- **Team size:** ~25 employees (leadership includes CEO Adam Stettner and COO Eric Kaufman)
- **Products:** Revolving Line of Credit, Inventory Financing, Vendor Financing, Equipment Financing & Leasing, ReadyPaid
- **Notable:** Approved $300M+ for cannabis companies representing $6B+ in annual sales, Originated 5,000+ financing transactions across 40 states, Turned ~$25M of capital into $250M+ deployed - roughly a 10x lending flywheel

## Products & services

- **Revolving Line of Credit** — Flexible, reusable access to capital where operators draw funds as needed and pay interest only on what they use - built for cash-flow gaps, bulk purchases, and unexpected expenses.
- **Inventory Financing** — Capital to acquire product without tying up working capital, letting dispensaries, distributors, and manufacturers stock up before they've sold through.
- **Vendor Financing** — Lets cannabis retailers and distributors defer payments to suppliers, giving them room to sell products before paying for them.
- **Equipment Financing & Leasing** — Funding for extraction, manufacturing, and operational equipment across cultivation, processing, and retail.
- **ReadyPaid** — An automated B2B buy-now-pay-later platform for cannabis: suppliers get paid up front the moment they ship, while buyers get an interest-free Net 30 and can then spread payment over up to six additional months on a timeline matched to their revenue cycle. Targets the industry's roughly $4 billion in delinquent receivables.
- **Working Capital / Cash Advance** — Short-term, fast-approval capital for payroll, raw materials, and operating expenses, with a three-step application, approval in as little as 24 hours, and same-day funding.
- **daysonhand.com** — A free benchmarking tool letting operators compare their performance against anonymized data drawn from FundCanna's 5,000+ underwriting files.

## Achievements

- Approved $300M+ for cannabis companies representing $6B+ in annual sales
- Originated 5,000+ financing transactions across 40 states
- Turned ~$25M of capital into $250M+ deployed - roughly a 10x lending flywheel
- Secured a $60M senior credit facility from a ~$40B-AUM institutional firm in 2026, bringing cannabis rare institutional capital
- Launched ReadyPaid, described as the first automated B2B buy-now-pay-later platform for cannabis
- Founder Adam Stettner named EY Entrepreneur of the Year (San Diego, 2019) and a repeat SDBJ Most Admired CEO finalist

## Latest updates

- **2026-05** — Secured a senior credit facility of up to $60M from a global institutional firm (~$40B AUM), $35M at close, restructuring its capital base to ~$75M total.
- **2026-05** — Reported crossing $250M+ deployed and 5,000+ transactions, on track to exceed a $100M annualized run rate.
- **2026-06** — Embedded ReadyPaid BNPL into Apex Trading's B2B cannabis marketplace, which processes $150M+ in monthly GMV.

## Links

- Website: https://fundcanna.com
- LinkedIn: https://www.linkedin.com/company/fundcanna
- Twitter/X: https://twitter.com/fundcanna
- Instagram: https://www.instagram.com/fundcanna
- Facebook: https://facebook.com/FundCanna/

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Profile page: https://yespress.io/fundcanna
Published by YesPress — https://yespress.io
Last updated: 2026-08-20