We Can Capital empowers the cannabis industry in British Columbia

A/R Financing Glossary:

  1. Accounts Receivable (A/R): The money owed to a company by its customers for goods or services already delivered.
  2. A/R Financing: A financial arrangement where a company obtains funds by using its accounts receivable as collateral for a loan or line of credit.
  3. Factoring: A type of A/R financing where a company sells its accounts receivable to a third party (factor) at a discount in exchange for immediate cash.
  4. Invoice: A document sent by a business to a customer specifying the amount due for products or services rendered.
  5. Receivables Aging Report: A summary report that categorizes accounts receivable by the length of time they have been outstanding, helping businesses track overdue payments.
  6. Advance Rate: The percentage of the face value of accounts receivable that a lender is willing to advance as a loan.
  7. Recourse Factoring: A factoring arrangement in which the company retains the risk of non-payment and is responsible for repurchasing uncollectible accounts.
  8. Non-Recourse Factoring: A factoring arrangement where the factor assumes the risk of non-payment and cannot require the company to repurchase uncollectible accounts.
  9. Collateral: In the context of A/R financing, accounts receivable serve as collateral.
  10. Discount Rate: The fee or interest rate charged by the lender or factor for providing A/R financing.
  11. Debtor: The customer or client who owes money to a business for goods or services provided.
  12. Collection Period: The average number of days it takes a company to collect payment on its accounts receivable.
  13. Credit Limit: The maximum amount of credit a customer is allowed to have outstanding with a company.
  14. Invoice Factoring: Another term for factoring, where invoices are sold to a factor to obtain immediate cash.
  15. Accounts Receivable Turnover Ratio: A financial metric that measures how quickly a company collects payments from its customers.

Canadian Legal Cannabis Glossary:

  1. Cannabis: A plant that includes marijuana and hemp, used for medicinal, recreational, and industrial purposes.
  2. Marijuana: The psychoactive variety of cannabis containing high levels of THC, typically used for recreational purposes.
  3. Hemp: A variety of cannabis with low THC content used for industrial purposes such as fibre, oil, and CBD production.
  4. Cannabis Legalization: The process by which the Canadian government legalized the recreational use of cannabis for adults in October 2018.
  5. Licensed Producer (LP): A company authorized by Health Canada to cultivate, process, and sell cannabis for medical or recreational use.
  6. Cannabis Retailer: A business licensed to sell cannabis and cannabis-related products to consumers.
  7. Cannabis Control Board: Provincial or territorial agency responsible for regulating and overseeing cannabis distribution and sales.
  8. Cannabis Act: Canadian federal legislation that governs the production, distribution, and possession of cannabis.
  9. Cannabis Excise Tax: A federal tax imposed on the sale of cannabis products in Canada.
  10. Cannabis Dispensary: A retail store where cannabis and related products are sold to consumers.
  11. THC (Tetrahydrocannabinol): The psychoactive compound in cannabis responsible for its intoxicating effects.
  12. CBD (Cannabidiol): A non-psychoactive compound in cannabis known for its potential therapeutic benefits.
  13. Cannabis Edibles: Food and beverage products infused with cannabis, legalized for sale in Canada in 2019.
  14. Cannabis Strain: A specific variety or breed of cannabis with distinct characteristics such as aroma, flavour, and cannabinoid content.
  15. Cannabis Concentrates: Extracted products with higher THC or CBD concentrations, including oils, shatter, and wax.
  16. Cannabis Legalization Day: The date on which recreational cannabis use became legal in Canada, October 17, 2018.
  17. Cannabis Retail Store Licensing: The process by which provincial authorities issue licenses to businesses to operate cannabis retail stores.
  18. Cannabis Tracking System: A system used to trace the movement of cannabis from production to sale, ensuring regulatory compliance.
  19. Cannabis Excise Stamp: A stamp affixed to legal cannabis products as proof of payment of the excise tax.
  20. Cannabis Consumption Lounges: Licensed establishments where individuals can consume cannabis in a social setting.