Sweet Leaf Madison Capital, a nationwide provider of customized debt solutions for the middle-market cannabis industry, has 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 number one focus has always been on our customers,” stated Nicholas Taraborelli, vice president at Paxiom. “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.”
Price compression and increased competition is placing incredible pressure on cannabis operators to do more with less, while limited access to banking and financing still creates barriers for operational growth. Technological innovations that automate labor-intensive processes enable companies to cut production costs and meet competitive demands.
SLMC’s Preferred Vendor Program is aimed at helping participating vendors gain a competitive advantage by increasing the velocity of their sales. Through SLMC’s lending platform, vendors are able to provide their customers with a source of financing to make expensive purchases of equipment, which means those clients can spread their capital and manage cash flow across a broader range of business needs. This arrangement is highly advantageous to all parties. SLMC is able to help its vendors by providing them liquidity, vendors win by boosting sales velocity across more of their customer base, and customers win by getting lower costs of capital and access to the equipment they need to grow.
The program is also distinguished by providing quick approval for the majority of qualifying customers and offering opportunities for co-marketing through press releases, joint branding, and coordinated appearances at conferences and trade shows.
Photo by Esteban López on Unsplash
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