High Purity Natural Products, a division of Future Farm Technologies, announced recently that it is now offering financing options to wholesale customers. High Purity has partnered with leading fintech platform Lendica Corp. to implement the financing agreements with wholesale clients.
“We are incredibly excited to be able to offer financing services to clients in need of capital for growth,” said High Purity President Mike Matton. “Customers with strong CBD and nutraceutical brands who are expanding their volumes can often use the capital to ramp up their inventory to fill larger orders or accommodate more prominent end-users.”
High Purity’s growing retail customer base can leverage the financing program to quickly achieve greater margins and a faster cash conversion.
Bill Gildea, CEO of Future Farm Technologies, noted that the company recognized that the most successful brands and retailers are the ones that have rapid access to capital.
CBD Tinctures await labeling at High Purity Natural Products’ Southbridge, Mass., facility.
“When our customers can scale their orders through short term funding, they significantly improve their margins,” Gildea said. “With limited financing options available to the hemp industry, we are delighted to secure a partner like Lendica.”
Established in 2017, High Purity Natural Products supplies the CBD industry with pure, hemp-based, and nutraceutical products. The company’s innovative products provide opportunities across many retail, food, beverage and supplement-based industries.
High Purity offers contract manufacturing for numerous CBD products, including USDA Certified Organic CBD, tinctures, vegan gummies, CBD dip pouches, lotions, balms, skin -care serums, vapes and other products. It also provides bulk products to the CBD industry, such as isolate, distillate, and cutting-edge water-soluble CBG.
