A year later, the merger with Sweet Leaf Capital lives up to the initial buzz as it fuels the growth of an exciting and mature industry
DENVER, Sept. 20, 2022 (GLOBE NEWSWIRE) — A year ago, Madison Ventures+ (MV+), an innovative private equity boutique combining capital investment and hands-on collaboration, has successfully closed a control investment in Sweet Leaf Madison Capital, an asset-based specialty finance firm focused on the legal cannabis industry in the States -United. . The union of the two veteran teams of Sweet Leaf and MV+ has been formed Sweet Leaf Madison Capital (SLMC)which builds on Sweet Leaf’s outstanding track record in this highly specialized industry.
“The cannabis industry is a complex, dynamic and growing business, and navigating it requires a high level of specialist knowledge,” said Bryan Gordon, Founder and CEO of MV+ and President and CEO of SLMC. “With our decades of institutional investment and asset management experience in the specialist finance industry, it seemed natural for MV+ to partner with the experienced and cannabis-savvy team of professionals at Sweet Leaf. .”
Sweet Leaf was founded by Ted Harris and Gabe Selko in 2015 in Denver as one of the first private direct lending companies within the cannabis industry. Initially focusing on equipment leasing financing, Sweet Leaf has grown to become one of the largest and most active equipment leasing companies focused exclusively on the cannabis industry. After partnering with MV+, SLMC has expanded its offerings to include real estate finance and senior secured term loans for middle market businesses, from seed to sale.
Currently, SLMC is evaluating dozens of opportunities in real estate, equipment finance and growth capital. An important and hugely profitable part of SLMC’s origination comes from the company’s “Preferred Supplier Program,” where cannabis equipment manufacturers programmatically refer customers with financing needs to SLMC. This program is particularly relevant to emerging adult-use states, where cannabis cultivators, processors and other entrepreneurs need seed funding to monetize the considerable time, effort and expense involved in acquiring licenses in a very demanding environment. competitive.
The timing couldn’t be better for an experienced and sophisticated lender to step in and meet the rapidly growing and unmet needs of the nascent cannabis industry. “A healthy plant needs certain things to reach its full potential, and that’s true for business too,” said Andrew Kaye, Chief Commercial Officer of SLMC. “Even amid challenges in the regulatory, tax and pricing environment, capital markets and the broader economy, SLMC has been able to utilize its extensive industry network, leadership, knowledge of industry and its expertise in financial and business operations to evolve rapidly over the past year. And that’s just the beginning.”
About Madison Ventures +
Madison Ventures+ (along with its predecessors, “Madison Ventures+” or “MV+”) was founded in 1996 at 400 Madison Avenue in New York City on the philosophy that big ideas need big vision, originality , leadership and execution to succeed. In its more than 26-year history, MV+ has established an outstanding track record of successfully building and revitalizing niche business platforms and assets through capital investment, thought leadership, an active and “elbow grease” collaboration. MV+ has been a pioneer in the private equity/venture capital industry in its adoption of a fundless investment model, using bespoke direct investments through SPVs rather than funds. Madison Ventures+ has repeatedly identified risk-adjusted, high-yield, off-market investment opportunities across a wide range of overlooked sectors in real estate, specialty finance, healthcare innovation and wellness. be, and other industries. Since inception, MV+ has averaged an annualized return on investment of more than 35%, with a loss rate of less than 5%, on approximately $1.9 billion in equity invested. Madison Ventures+ is your trusted and innovative private investment partner with a personal touch.
About Sweet Leaf Madison Capital
Sweet Leaf Madison Capital provides customized, “start-to-sale”, asset-based lending solutions to the cannabis industry’s underserved middle market by creating equipment financing, real estate loans and home loans. senior guaranteed terms. The company is based in Denver with offices in New York and West Palm Beach. To learn more, visit Sweet Leaf Madison Capital on line or continue the conversation on LinkedIn.
Contact: Jim Disset
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