First Citizens Bank Provides $1MM Line of Credit to Hemp-Derived Cannabinoids Supplier

First Citizens Bank’s cannabis banking business provided a $1 million working capital line of credit to MC Nutraceuticals, a global supplier of hemp-derived cannabinoids.

“We enjoyed working with First Citizens Bank for their expertise and knowledge throughout the financing process,” Bret Worley, CEO of MC Nutraceuticals, said. “This line of credit provides additional flexibility to execute on our strategic goals during a period of significant growth for our business.”

“MC Nutraceuticals has a strong reputation in the hemp industry for providing quality products, professional service and affordable pricing,” Ryan Palmquest, director of cannabis banking at First Citizens Bank, said. “We’re pleased to provide this financing to support their rapidly growing business and look forward to working with them in their future business endeavors.”

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