Qualify for up to $8 Million in working capital limit (if you have the BCLDB Account receivables to support that amount). For Health Canada-licensed cannabis businesses operating in British Columbia, access to working capital liquidity is crucial for sustaining growth, meeting operational demands, and seizing market opportunities. To address this need, We Can Capital (WCC) offers a unique and compelling solution: the opportunity for eligible businesses to sell up to $8 million of their British Columbia Liquor Distribution Branch (BCLDB) accounts receivables. In this blog post, we will explore how this innovative factoring program can provide Health Canada-licensed cannabis businesses in British Columbia with the working capital they need, at industry-leading and very reasonable factoring discount rates.

1. Unlocking Working Capital Liquidity: Tailored Solution for Health Canada Licensed Cannabis Businesses: We Can Capital understands the unique financial challenges faced by Health Canada-licensed cannabis businesses in British Columbia. By focusing on corporately registered businesses with BCLDB accounts receivables, WCC ensures that its factoring program aligns specifically with the needs and regulatory requirements of the industry.
2. Accessing the Value of BCLDB Accounts Receivables: Through the factoring program, eligible businesses can sell a portion of their BCLDB accounts receivables to We Can Capital, instantly converting them into working capital liquidity. This allows businesses to access the cash tied up in outstanding invoices, providing a significant boost to their cash flow and operational flexibility.
3. Up to $8 Million in Factoring Limit: We Can Capital offers Health Canada-licensed cannabis businesses in British Columbia the opportunity to factor up to $8 million of their BCLDB accounts receivables. This substantial factoring limit provides businesses with the financial resources necessary to support their growth, expand operations, and invest in strategic initiatives.
4. Very Reasonable Factoring Discount Rates: One of the key advantages of partnering with We Can Capital is the availability of very reasonable factoring discount rates. WCC understands the importance of keeping financing costs manageable for cannabis businesses. By offering industry-leading reasonable competitive discount rates, WCC ensures that businesses can access working capital liquidity without sacrificing their profitability.

Benefits of the Factoring Program:

1. Improved Cash Flow: By converting accounts receivables into immediate cash, businesses can enhance their cash flow, meet financial obligations, and manage day-to-day operations effectively. The ability to access working capital on demand provides the necessary financial flexibility to navigate the industry’s inherent challenges.
2. Operational Flexibility and Growth Opportunities: With increased working capital liquidity, Health Canada-licensed cannabis businesses in British Columbia gain the freedom to pursue growth opportunities and invest in critical areas such as research and development, production expansion, marketing initiatives, and talent acquisition. The factoring program empowers businesses to take advantage of market dynamics and remain competitive.
3. Simplified Financing Process: We Can Capital streamlines the financing process, making it efficient and hassle-free for Health Canada-licensed cannabis businesses. The dedicated team at WCC ensures a smooth and transparent experience, from initial assessment to funding. This allows businesses to focus on their core operations while having confidence in their financial stability.

The factoring program offered by We Can Capital provides Health Canada-licensed cannabis businesses in British Columbia with a game-changing opportunity to unlock working capital liquidity. By selling a portion of their BCLDB accounts receivables, businesses can access immediate cash at industry-leading and very reasonable factoring discount rates. This access to working capital empowers businesses to improve cash flow, seize growth opportunities, and navigate the evolving landscape of the cannabis industry. For Health Canada-licensed cannabis businesses seeking a tailored financing solution, partnering with We Can Capital offers a pathway to financial stability and growth.