Farm Credit Canada’s cannabis lending tops CA$140 million

It almost feels as though the only stories we’ve reported out of Canada this past week are about companies borrowing more money to pay off loans, issuing more stock to cover existing red or selling themselves off to ensure that they don’t disappear down the plughole of history.

MJ Biz reveals that

Farm Credit Canada, a government-owned agricultural lender, has steadily increased its exposure in the regulated cannabis sector in recent years, according to new figures provided to Marijuana Business Daily.

The Crown corporation’s current lending to the cannabis sector sits at around 140 million Canadian dollars ($106 million), which accounts for 0.24% of its entire portfolio.

While Farm Credit Canada (FCC) provided total lending and lending as a percentage of its portfolio, the Regina, Saskatchewan-based organization said it is unable to share information on the number of cannabis businesses it works with because of  privacy requirements.

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Farm Credit Canada’s cannabis lending tops CA$140 million