Frequently Asked Questions

Frequently Asked Questions


How It Works:

GN Cann helps you grow your cannabis business by providing financing. Companies seeking funding provide relevant information which is run through Periculum assessment software to determine a credit rating. Financing amount, fees and interest are based on the Periculum assessment rating.


How long does the process take?

The entire process takes two business days; however, larger financing requests and lender backing delays may make the process longer.

How much financing could I be eligible to receive?

Financing ranges from $5000 to $500,000. We will increase this range in the future, but we still encourage larger financing requests.

What do I require to qualify for financing?

Financing is provided to registered cannabis-based companies. If you are in the process of registering your business, let us know, and we can discuss options.

Other minimum requirements include but are not limited to the following:

  • Business must be an incorporated entity.
  • Must have a monthly revenue of at least $15,000.
  • Show a 5-month revenue history.
  • Agree to a personal guarantee for financing.

Is my credit score affected when I apply?

We use your businesses aggregated data, earning etc. to determine your eligibility. Your credit score will not be affected in the application process.

Fees and Interest rates:

What fees are borrowers charged?

Borrowers are charged an originating fee from 1% to 4.99% of the loan amount. Borrowers will only be charged after terms have been accepted and the loan has been funded. The originating fee covers underwriting cost and loan processing.

Borrowers that incur NSF’s will receive a charge of $25 per returned item.

What fees are lenders charged?

Lenders are charged a servicing fee of 1% APR i.e. 1% ÷ 12 months of outstanding principal amount every time a monthly payment is due. Lenders are only charged when they receive re-payment.

What are the interest rates?

The GN Compass credit rating algorithm determines interest rates. Rates go from 4.99% to 19.99% APR. Companies are reassessed every 90 days and can improve or worsen their GN Compass credit rating (which directly affects their interest rates) based on increased company revenue, new revenue sources, re-payment history etc.


Only accredited investors can be lenders; however, notes will be available to non- accredited investors in the future.

Who is an accredited investor?

An accredited investor in a person or business entity that satisfies one or more of the following requirements:

  • Net worth.
  • Asset size.
  • Income.
  • Professional experience or governance status.

An individual accredited investor must have an annual income exceeding $200,000, or $300,000 for joint income with their spouse, for the last two years with the expectation of earning the same or higher revenue in the current year. An individual is also considered an accredited investor if they have a net worth exceeding $1 million, either individually or jointly with his spouse.

A business entity is an accredited investor if it is a private business development company or an organisation with assets exceeding $5 million. Also, if an entity consists of equity owners who are accredited investors, the entity itself is an accredited investor.

Get in touch
1 780 289 0028


GN Cann is a financial protocol specifically targeted to and created for the Cannabis industry.