If you have been an investor in one of the many cannabis-related stocks that have sprung up on the boards over the past several years, you’ve probably been stymied when it came to taking out a margin loan against them. Because of the still-existing federal treatment of marijuana as a drug, major banks and brokerages have been unwilling or unable to provide the normal lending facilities against these stocks that many investors have sought.
But that is all changing. Now at A. B. Nicholas, the leader in innovative personal loans using stock portfolios as collateral, we are happy to announce that for cannabis stocks that meet our our lending criteria, we can use portfolios of such stocks for our market-leading LeverageLine stock loan program. Yes, our criteria is more strict for cannabis stock. To date our network has only provided funding from three major cannabis companies. So the requirements are more tight. They are:
1) Medium to large cap status
2) Price per share well above $5/share.
3) No other issues.
Need examples? If your cannabis stock is similar to these which we have already completed, we can probably get you a credit line:
Canopy Growth (CGC):
Not sure? Fill out an application here and we’ll let you know. It costs nothing to apply. We’ll get you the answer pronto.
Provided that the stock has a history of strong trading over time and a good track record of growth with a price well above $5/share, we may be able to do it. Your stock should have an average trailing four week volume of at least 500,000 shares per day on average.
If eligible, we can provide a line of credit at between 50% and 85% from a well-known top U. S. bank/brokerage in our competitive lending netowork, based on the value of your cannabis portfolio at inception. As will all our services there is no sale of your securities to fund, and no change of client ownership. Your lending institutions may require your stocks to be in your own account at your lending institution. But that’s reasonable and amounts to just exchanging one licensed full-service stock brokerage for another.
As always here at A. B. Nicholas, you get the institutional confidence of a major U. S. brokerage and top advisor from within our competitive-bid lending network.
Keep in mind that the very highest LTV with our company is for the least risky stocks; and federal securities like T-Bills or municipal bonds, which spread risk to the lender for lending purposes.
Our rates are typically unmatched in the marketplace, as we have arranged special lending facilities at three major U. S. institutions with more coming in at all times.
Get a quote today. It’s fast, secure, and easy. Our time tested loan quotes are straight from the licensed advisors at the institutions who compete for your business, and serve as the equivalent of pre-approved financing if you have submitted a recent valid brokerage statement and your portfolio qualifies.
So what are you waiting for? Now the best stock loan in the business is available for those who’ve chosen to invest in the best cannabis securities too. We stand ready to serve you.
A. B. Nicholas announces ability to leverage several leading
cannabis stocks for a competitive-rate credit line.
As of October, 2021, A. B. Nicholas is happy to be one of the few companies able to deliver credit lines and loans against several cannabis stocks. These can get a loan-to-value as high as 60% depending on volatility and volume of trading.
Our licensed, public-institution U. S. lending network has already provided credit lines for these NASDAQ stocks:
Canopy Growth (CGC):
We prefer portfolios of at least $500K in initial value. But if you think your cannabis stock as solid price above $5/share AND a steady trading history with at least 250,000 shares/day trading, please apply today for free. Let us refer you into our lending network to get you the best possible rates and terms.
Rated A+ by the Better Business Bureau since 2014. A. B. Nicholas Securities Finance Network.
Interested in being a lender by joining our stock loan network? Contact us with your licensing and background and the name of your institution. All FINRA member U. S. licensed lenders in good standing are welcome to apply. You will have the opportunity to bid on our stock loan applicant clients.