Cultio will use the loan to purchase special equipment for testing
DENVER, Jan. 23, 2023 (GLOBE NEWSWIRE) — Dessert table Madison Capital (SLMC), the country’s leading provider of credit solutions for the mid-market cannabis industry, has announced that it is ready. Agriculture a loan of $116,000 for the purchase of equipment.
Founded and operated by Derek M. Chaney and Marina L. Morbeck, Cultio is an organic farm in Leslie, Michigan that specializes in cannabis production and wholesaler. The loan will enable Cultio to purchase equipment from Extraction Tek, which designs, engineers and installs some of the most innovative hydrocarbon and ethanol solutions and equipment for the production of cannabis.
“It is no exaggeration to say that these tools will be very important to Cultio’s operations. Going forward, we will focus on assembling them, so that then we provide the highest hydrocarbon-based foods and nutrients,” Chaney said. “We are grateful to have a reliable and transparent source of capital.”
Cultio tailors its products to the customer’s specific needs, which means the best plant genetics, a diverse product line, capacity, a Excellent percentage of THC and packaging that is aesthetically pleasing. According to the research company Headset, Michigan is the second-largest cannabis market in the United States, which saw sales growth of 28.2% in 2022.
“Cultio really understands their market,” said Andrew Kaye, SLMC’s Chief Marketing Officer. “We are very impressed by Cultio’s constant focus on quality in all aspects of the production of their products, from the selection of plants, to the appearance of the final product displayed. We can’t wait to see how they help build the space to use it.”
About Sweet Leaf Madison Capital
Sweet Leaf Madison Capital provides specialized, “seed-to-sale,” financing solutions to the mid-market cannabis industry through equipment financing, home loans, and senior secured loans. . The company is based in Denver and has offices in New York City and West Palm Beach. For more information visit Sweet Leaf Madison Capital online or continue the conversation LinkedIn.
Cultio is a cannabis startup founded and run by Derek M. Chaney and Marina L. Morbeck. Located in Leslie, Michigan, Cultio’s mission is to bring the highest standards to the production of cannabis products, from plant selection to final product design. For more information, visit Cultio online.
Contact: Jim Dissett
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