First Citizens Bank announced that its Hemp Business provided a $1 million working capital line of credit to RYJO, parent entity of The Georgia Hemp Company, to help finance a major new promotional initiative.
The Georgia Hemp Company currently operates four storefronts in the state of Georgia with locations in Atlanta-Sandy Springs, Woodstock, Decatur, and Duluth. Each sells a host of hemp and related products, including hemp oil, hemp flower, edibles, home goods and skincare.
"RYJO's new working capital financing will support our brand awareness and development," stated Ryan Dills, co-owner of The Georgia Hemp Company. "We appreciate First Citizens Bank and its Hemp division for their deep industry knowledge, strong financial capabilities, and commitment to our growth."
Ryan Palmquest, director of First Citizens Bank Hemp Business, stated: "We were delighted to work with The Georgia Hemp Company to understand their needs and support their ongoing operations by providing this line of credit for their working capital needs and growth opportunities. I would like to compliment First Citizens Bank lender Angela Parks and business banker Alexi Strish, both of whose efforts were invaluable to the success of this transaction."
Benzinga Cannabis Capital Conference
The Benzinga Cannabis Capital Conference, the place where deals get done, is returning to Chicago this Sept 27-28 for its 17th edition. Get your tickets today before prices increase and secure a spot at the epicenter of cannabis investment and branding.
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The Benzinga Cannabis Capital Conference is coming to Florida
The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.
Get your tickets now on bzcannabis.com – Prices will increase very soon!