Sweet Leaf Madison Capital (SLMC), a nationwide provider of tailored debt financing solutions in real estate, equipment and senior secured working capital for the compliant middle-market cannabis industry, announced the closing of a new $100 million debt facility. A prominent New York-based global institutional special situations asset manager will be providing $100 million of financing, making SLMC one of the best-financed asset-based lenders to small- and medium-sized enterprises in the cannabis industry. Both parties will have an option to evaluate the progress and increase the debt facility to $200 million.
“This infusion of capital is a strong show of confidence in cannabis debt financing, as well as in Sweet Leaf Madison’s approach to working in this highly regulated and fragmented industry,” said Bryan Gordon, Chairman and CEO of SLMC. “The opportunity to help businesses from ‘seed-to-sale’ achieve their potential is what drives everyone at SLMC, and we look forward to working with more companies to fund their growth and the growth of the industry.”
Since 2016, Sweet Leaf Madison and its predecessor have been an industry leader in providing tailored lending solutions to help hundreds of cannabis businesses fund growth opportunities. This recent funding will enable SLMC to further narrow the gap between cannabis businesses and capital needs. Rather than investing in one business or one market, Sweet Leaf Madison spreads its asset-based debt financing across a wide range of cannabis businesses in all medical and adult-use states. This allows SLMC to diversify its investments and to provide non-dilutive financing to cultivators, processors, retail and ancillary cannabis businesses.
Bryant Park Capital LLC (BPC), a FINRA-registered investment bank that provides mergers and acquisitions, debt, equity, and corporate advisory services to its clients in the middle-market, served as SLMC’s exclusive financial advisor and was integral in this transaction. BPC maintains deep and proprietary relationships across the institutional investor landscape and is very active in compliant cannabis financing.