First Citizens Bank Provides $1MM LOC to The Georgia Hemp Company

First Citizens Bank’s hemp business provided a $1 million working capital line of credit to RYJO, the parent entity of The Georgia Hemp Company, to help finance a 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 store 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,” Ryan Dills, co-owner of The Georgia Hemp Company, said. “We appreciate First Citizens Bank and its hemp division for their deep industry knowledge, strong financial capabilities and commitment to our growth.”

“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,” Ryan Palmquest, director of the hemp business at First Citizens Bank, said. “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.”

Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.