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Adam Stettner

CEO

FundCanna

Adam Stettner has 30 years of business, strategy and leadership experience in both Private and Public Companies. Adam began studying the Cannabis supply chain and the need for financing in 2020, founded FundCanna in 2021 and began originating assets on balance sheet specifically to the cannabis industry in January of 2022. FundCanna offers flexible funding across different product and use cases for the Cannabis industry and the ancillary providers that service the same. FundCanna has approved over $300 Million for cannabis companies that collectively represent over $6 Billion in annual sales. FundCanna has funded clients in 40 states and in every segment of the supply chain plant touching and otherwise, including the ancillary market. They are the preferred/exclusive finance provider for a number of banks, vendors and manufacturers servicing cannabis.

Prior to founding FundCanna, Adam Stettner was the Founder and CEO of Reliant Funding for 14 years. Reliant Funding provides access to capital for small and medium sized businesses nationwide. In 2015, Adam led the recapitalization of the initial Reliant investors providing them a return north of 900% by bringing on a Global Private Equity firm as his partner. In the 6 years that followed, Adam continued to grow the business delivering over 250% top line growth and roughly a 600% increase in net profit.

Under Adam’s leadership, Reliant funded $3 Billion on its balance sheet to roughly 100,000 small businesses and grew to employ over 200 people on both coasts. Reliant profitably generated recurring annual revenue exceeding $80MM while maintaining predictable loss rates within forecast. Adam worked with regional banks, private equity and alternative investment funds to structure the company and credit facilities that made Reliant Funding one of the largest non-bank funding sources for American small business at the time of his departure.

Prior to Reliant Funding Adam Stettner worked as a senior executive at publicly traded companies including Student Loan Xpress, a division of CIT, a Fortune 500 NYSE company. There Adam created and managed a division that produced over $8 Billion in balance sheet student loan originations and was involved in $14 Billion of Asset Backed Securitizations. The team worked with large banks like Citibank, Fifth Third and Deutsche Bank to facilitate their lending and revolving lines.

Adam won Ernst & Young’s prestigious Entrepreneur of the Year for San Diego in 2019 and was a top-three finalist for the EY EOY North American Award. In addition, he has been awarded Most Admired CEO finalist by San Diego Business Journal for five years running and made their 500 Most Influential Business Leaders list from 2016-2023. He has been interviewed on numerous radio, video and podcast shows and has been featured in Entrepreneur, Forbes, Inc. and other national press.

 

Adam contributes actively to the industry by being on the board of National Cannabis Industry Association (NCIA) and on the Benzinga Advisory Committee. Adam previously served as a board member of the Small Business Finance Association for many years, often visiting Washington DC as a representative for non-bank capital providers. He has met with politicians, law makers and committee members including Kevin McCarthy, Ed Royce and Jared Polis on policy and Kristjen Nielsen, John F. Kelly and Mike Pompeo on security and the role of money movement from American Small Business regarding security.

Adam received his Bachelor of Arts degree in Communication at the University of Maryland, College Park, where he is currently an advisor and mentor to the Dingman Center for Entrepreneurship, and studied finance at Columbia Business School, Executive Education Program in New York City.