Sweet Leaf Madison Capital (SLMC), a nationwide provider of customized debt solutions for the middle-market cannabis industry focused on equipment financing, real estate loans, and senior secured term loans, provided Gold Leaf Florida with financing for a major purchase of horticultural LED lighting through FOHSE, a manufacturer of grow lights in the SLMC Preferred Vendor Program whose focus is on developing technology that makes it possible to dramatically boost yields in cannabis crops.
Gold Leaf is affiliated with Gold Leaf MD, a Maryland cannabis company that has successfully operated a dispensary and delivery service in Annapolis. Gold Leaf secured one of only 22 Medical Marijuana Treatment Center licenses in the state of Florida. These are granted to fully vertically integrated operations and are highly valued owing both due to their scarcity and the significant economic potential of cannabis companies in Florida.
“Operating a successful company is difficult in the best of circumstances,” Mark Seid, founder and executive vice president of Gold Leaf, said. “However, cannabis companies face many unique challenges. One of the biggest is how hard it can be to access financing for purchasing equipment, like lights. SLMC stepped in to help us when we needed it most, and FOHSE is one of the best light manufacturers in the industry. Our business relies upon great cultivation, and this financing helps ensure that we will have the best cultivation facilities in the state.”
“We’re excited to welcome Gold Leaf to the FOHSE family,” Hershel Gerson, chief financial officer at FOHSE, said. “When we joined forces with SLMC for this program, we did so with clients like Gold Leaf in mind. Their success is our success, and there’s no better feeling than knowing our positive impact on the trajectory of their cultivation.”
FOHSE is a manufacturer of cannabis lights, Sweet Leaf Madison Capital provides customized, “seed-to-sale,” asset-based lending solutions to the underserved middle-market of the cannabis industry.
