Sweet Leaf Madison Capital, a provider of debt solutions for the middle-market cannabis industry, added Paxiom Automation, a provider of primary, secondary and end-of-line packaging machines, to its preferred vendor program.
“As the industry leader in premium automated packaging systems, our No. 1 focus has always been on our customers,” Nicholas Taraborelli, vice president at Paxiom Automation, said. “In today’s economy, having financing resources is more important than ever, which is why we are excited to work with the innovative team at Sweet Leaf Madison Capital, which shares our values, dedication, responsiveness and commitment to business.”
Through Sweet Leaf Madison Capital’s preferred vendor program, vendors can provide their customers with a source of financing to make purchases of equipment. The program provides quick approval for the majority of qualifying customers and offers opportunities for co-marketing through press releases, joint branding and coordinated appearances at conferences and trade shows.
“There is a major trend in the industry toward automation in order to cut labor costs and raise efficiency,” Andrew Kaye, chief commercial officer at Sweet Leaf Madison Capital, said. “Paxiom’s automation equipment enables operators to create better products, generate less waste and reduce operating expenses. We think Paxiom’s customers will be thrilled that they now have a new option to upgrade their operations.”
