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Cannabis Industry Leaders Join Forces to Study Changes in Cannabis Debt and Equity Financing, Expected to be Announced in Q2
BONITA SPRINGS, Fla., March 5, 2024 (Globe Newswire) — green check (GC), a leading fintech connector and technology and insight provider in the emerging cannabis market, today announced that it has partnered with. C trustthe first credit scoring and monitoring agency for cannabis businesses, and whitney economicsThe company, a global leader in cannabis and hemp business consulting, data and economic research, has announced the production of a new research report examining debt and equity financing in cannabis.
This first-of-its-kind report, expected to be released in Q2 2024, assesses the total amount of debt invested in the cannabis industry and the proportion of debt financing needed to support the industry’s continued growth. Ru. The findings will examine the extent to which cannabis startups and operators are utilizing debt financing compared to equity, as well as changes in how cannabis businesses raise capital.
“This report helps us and our clients better understand the current state of financing in the cannabis industry,” said Kevin Hart, co-founder and CEO of Green Check. “This will enable us to develop appropriate strategies to deal with this changing market.” “As more data about the cannabis industry becomes available and methods of financing cannabis continue to evolve, we want to highlight the opportunities for financial institutions to enter the cannabis market. Adding cannabis businesses to our portfolio furthers our commitment to fostering a more inclusive financial system and economic prosperity for all.”
“Investing in cannabis should work the same way any other company is financed by credit,” said Dotan Y. Melek, CEO of CTrust. “As more data becomes available, corporate credit ratings will play an increasingly important role in the debt finance industry. Credit ratings bring transparency and ultimately reduce risk and exposure. This will improve access to capital.”
“In the ever-changing cannabis landscape, it’s important to have the data you need to understand the current landscape and develop strategies to stay ahead of the curve,” said Bo Whitney, chief economist at Whitney Economics. he added. “This report will help the industry understand changes in the debt-to-equity financing ratio and identify opportunities to increase financial institution participation.”
Financial institutions and cannabis businesses interested in being included in this report should contact Beau Whitney. beau@whitneyeconomics.com For more information.
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About green check
Green Check (GC) is modernizing the way cannabis businesses and financial institutions work together. Founded in 2017 by a team of technology, banking, and regulatory experts, GC provides industry-leading technology and advisory services to more than 140 financial institutions and more than 8,800 cannabis companies. Green Check was named a 2023 Forbes Cannabis 42.0 and one of the 50 game changers in the cannabis industry in the fourth annual The Cannabis 50. We have been repeatedly recognized as a Top Compliance Company and a Top Compliance Leader by the premier PBC Awards. Cannabis industry honors. Additionally, it was recognized as a Top Financial Technology Company by Green Market Report and was also named one of the Best Companies to Work for in FinTech in 2022 and 2023 by American Banker. Click here for more information about Green Check. greencheckverified.com and run GC linkedin.
About CTrust
CTrust reduces investment risk by increasing operational and financial transparency for cannabis businesses, enabling cannabis businesses to improve access to capital, allowing investors and debtors to more effectively price capital, and improving market A FinTech solution that allows you to manage your exposure. Launched in 2022 in response to the cannabis industry’s tectonic shift from equity to debt financing, CTrust’s proprietary formula and rigorous approach to risk assessment, scoring, and monitoring help founders, shareholders, and debt Promote fairer business, investment and debt financing opportunities for people and secure more capital. Cannabis businesses thrive in communities. For more information, please visit: https://CTrust.io and follow them linkedin.
About Whitney Economics
Portland-based Whitney Economics is a global leader in cannabis and hemp business consulting, data and economic research. The company regularly consults with private companies and local, state and national government agencies to apply economic principles to develop implementable policies and strategies. The company does not take a position on the legality of cannabis or pending legislation.
CONTACT: Christina Levin Caliber Corporate Advisers greencheckverified@calibercorporateadvisers.com
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