A market for the cannabis supply chain's receivables.
Sea of Green sits between the businesses that need working capital and the people willing to fund it. Verified data decides what gets financed and at what price. Repayment comes from the sale of the goods.
Four steps, one data trail.
- 01
Sales are verified
POS and ERP integrations stream invoices, deliveries and sell-through. Licenses are checked against state records.
- 02
Inventory is scored
Each SKU gets a Decay Risk Index, Share of Decision Influence and Shelf Efficiency Index.
- 03
Invoices are priced
An approved invoice is offered with a Cost+ fee set by the scores of the inventory behind it.
- 04
Pools fund and get repaid
Liquidity pools advance the invoice. Repayment flows back from sales of the financed product.
Who does what.
- Retailers
- Finance purchase orders and repay from sales.
- Brands
- Factor wholesale invoices and get paid on delivery.
- Liquidity providers
- Fund pools of verified receivables.
- Sea of Green
- Verifies data, scores inventory, services repayment and runs the contracts.
How pools are organized.
Each pool holds receivables from one market and product category, so a liquidity provider can see exactly what kind of credit it is exposed to. Pools use concentrated-liquidity contracts derived from Uniswap v3.
Anatomy of a pool
A made-up pool, to show what will be disclosed. It does not exist and the values are not projections.
- Pool
- CA · Flower · Retail POs
- Receivables
- Invoices from licensed CA retailers
- Typical term
- Repaid from sales over weeks, not years
- Pricing
- Cost+ fee per invoice, set by SEI
- Disclosed per invoice
- Counterparty license, SKU scores, status
- Repayment source
- POS-verified sales of financed SKUs
Read the full model.
The whitepaper covers the scoring formulas, pool structure and planned protocol safeguards.