A boutique dispensary in California about to close on an equity raise required a short-term bridge until their $2 million equity raise came through. This transaction was done, start to finish in 24 hours.
The customer only needed the capital for 3 weeks, so we creatively structured a 3-week non-dilutive bridge to the closing. Instead of giving away equity or putting up an asset, the company was able to retain value for a bridge that was fully paid off within 3 weeks. We still remain a proud partner as the rapidly growing company has now used CBR for 3 different bridge transactions.