First Citizens Bank Provides $1 Million Credit to The Georgia Hemp Company for Promotional Initiative

LOS ANGELES–First Citizens Bank, through its Hemp Business division, has announced its provision of a $1 million working capital line of credit to RYJO, the parent entity of The Georgia Hemp Company. The financial support is aimed at bolstering a major new promotional initiative undertaken by The Georgia Hemp Company, which presently operates four storefronts in Georgia, situated in Atlanta-Sandy Springs, Woodstock, Decatur, and Duluth. The company specializes in offering a diverse array of hemp and related products, ranging from hemp oil and hemp flower to edibles, home goods, and skincare items.

Ryan Dills, co-owner of The Georgia Hemp Company, expressed gratitude towards First Citizens Bank and its Hemp division for their unwavering support in facilitating the brand’s awareness and development. The bank’s deep industry knowledge, robust financial capabilities, and commitment to growth were instrumental in securing the working capital financing for RYJO.

Ryan Palmquest, director of First Citizens Bank Hemp Business, stated that the bank was pleased to collaborate with The Georgia Hemp Company, comprehending their requirements and assisting in supporting their ongoing operations. The line of credit was tailored to address the company’s working capital needs while capitalizing on growth opportunities. The bank also commended the efforts of First Citizens Bank lender Angela Parks and business banker Alexi Strish, whose contributions proved invaluable to the success of this transaction.

Leveraging their extensive century-long experience in financing agriculture, First Citizens Bank’s Hemp Business has been dedicated to catering to the distinct requirements of the hemp industry. The division’s financial expertise aims to foster growth and success for businesses like The Georgia Hemp Company, while adeptly navigating the intricate nuances of the current regulatory environment. As The Georgia Hemp Company embarks on its promotional endeavor, the financial support provided by First Citizens Bank’s Hemp Business will likely play a significant role in propelling the company towards further achievements in the evolving landscape of the hemp market

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