DENVER, Jan. 23, 2023 (GLOBE NEWSWIRE) — Sweet Leaf Madison Capital (SLMC), a nationwide provider of customized debt solutions for the middle-market cannabis industry, has announced that it has provided Cultio a loan of $116,000 for equipment purchases.
Founded and operated by Derek M. Chaney and Marina L. Morbeck, Cultio is a cannabis startup in Leslie, Michigan that is expanding into the cannabis processing and consumables market. The loan will allow Cultio to buy extraction equipment from Extraction Tek, which designs, engineers and fabricates some of the most innovative stainless-steel hydrocarbon and ethanol extraction solutions and post-processing equipment for cannabis processors.
“It is no stretch to say that this equipment will be mission critical to …
