Fundz

Needham Bank Completes Financing To Glorious Cannabis Company

PRIVATESep 08, 2022

Round Type

Funding Round

Rochester HillsFinancial ServicesLending And Investments

Description

Needham Bank, the leading financial institution in Massachusetts for marijuana banking, is pleased to announce it has closed a cannabis business loan to Glorious Cannabis Company, one of the largest and most profitable cannabis operations in Michigan. Though headquartered in Rochester Hills, Michigan, Glorious Cannabis has recently joined the Massachusetts cannabis market to manufacture their specialty products. Glorious Cannabis will use the financing to complete the construction of their cannabis establishment in Uxbridge, Massachusetts.

Quick answer

Needham Bank raised an undisclosed amount in a Funding Round round, dated September 8, 2022. Needham Bank is based in Rochester Hills, Michigan, United States.

How much did Needham Bank raise?
Needham Bank raised an undisclosed amount in a Funding Round round on September 8, 2022.
What does Needham Bank do?
Needham Bank offers an array of tech-forward products and services that businesses and consumers need to manage their financial needs.
Where is Needham Bank based and how big is it?
Needham Bank is based in Rochester Hills, Michigan, United States.

Source: Fundz verified event record.

Who else raised in Financial Services and Lending And Investments around the same time

Companies in the same sectors as Needham Bank that raised within 45 days of this round, from Fundz verified event records.

  • Centric Brands raised an undisclosed amount (Funding Round) on October 21, 2022.
  • Keebo AI raised $15M (Funding Round) on October 20, 2022.
  • Keebo AI raised $11M (Funding Round) on October 18, 2022.
  • Horizon raised $40M (Series A) on October 4, 2022.
  • Neural Payments raised $5.4M on October 21, 2022.
  • Uplinq raised $1.3M (Seed) on October 20, 2022.

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Company Information

Company

Needham Bank

Location

Crooks Rd

Rochester Hills, Michigan, United States

About

Needham Bank offers an array of tech-forward products and services that businesses and consumers need to manage their financial needs. In addition to growth capital, lines of credit and other senior debt instruments available through the Structured Finance team, Needham Bank offers business clients concierge banking services, including deposits, cash management, credit cards, and merchant services. We have the financial expertise typically found at much larger institutions, and the local knowledge and commitment you can only find at a community bank. Known as the "Builder's Bank," we have been helping businesses build for their futures since 1892. To learn more about Needham Bank's Structured Finance and other services, visit www.NeedhamBank.com. Needham Bank is a member of FDIC and DIF.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.