POSTED ON October 25, 2021
The success of the Greenline Capital financing platform is in its ability to provide fast and simple access to short-term capital for cannabis retailers using Greenline software.
Greenline Capital is supported by Merchant Growth Ltd., a leader in providing financing solutions to small businesses in Canada. Together, Greenline and Merchant Growth help retailers break through the high-risk classification currently imposed in cannabis retail by providing convenient and accessible financing for Canadian cannabis businesses. Kevin Clark, Chief Revenue Officer for Merchant Growth notes that “this milestone is a testament to our joint commitment to support these retailers and more broadly the small business marketplace, so in need for capital at this time.”
Greenline Capital was designed to solve the problem of cannabis retailers not being able to access credit to expand their businesses. Now they can access capital for financing inventory, marketing or to expand into multiple locations. Greenline customers can be approved within 24 hours, provided a business has at least 3 to 6 months of business history, for up to $500,000 CAD in financing and up to a $125,000 CAD line of credit, with flexible repayment terms.
“We are extremely proud to have funded over $1 million towards the growth and expansion of our customers,” says Albert Kim, Greenline CEO. “Greenline is more than just software – our goal is to help cannabis retailers grow, and our Capital initiative goes a long way towards that. We’re excited to continue our partnership with Merchant Growth and continue to support the industry going forward.”
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