springbig’s SpringFORWARD financing program fuels growth opportunities for cannabis brands and retailers
BOCA RATON, Fla., May 18, 2021 /PRNewswire/ — springbig, a leading provider in cannabis loyalty marketing and communications technology, today announced its partnership with Lendica, the leading cannabis credit platform, to increase access to capital for growing brands and dispensaries. The partnership will greatly benefit up-and-coming brands and retailers aiming to scale their operations in the capital-intensive cannabis industry.
springbig’s partnership is part of the company’s latest SpringFORWARD program, which offers financing services in addition to the platform’s award-winning loyalty and marketing features. As one of the largest enterprise SaaS technology companies in the cannabis industry, springbig recognized the impressive growth potential among cannabis-related businesses of all sizes and the urgency of providing accessible capital to help them stay competitive. This partnership with Lendica will also create a more accessible industry, especially for social equity businesses, by offering them capital at a reduced cost.
“Access to capital is still a pervasive issue in the cannabis, hemp and CBD community,” says Jared Shulman, CEO of Lendica. “If you are a small and medium sized