DENVER, Dec. 07, 2022 (GLOBE NEWSWIRE) -- Sweet Leaf Madison Capital (SLMC), a nationwide provider of tailored debt financing solutions for the middle-market compliant cannabis industry, has just added Baker Perkins to its Preferred Vendor Program. Baker Perkins is a leading food processing equipment supplier providing technology integral to food manufacturers across the bakery, confectionery, food extrusion, breakfast cereal, pet food and biscuit, cookie, and cracker sectors.
Spurred by the growth of the cannabis- and nutraceutical-infused industry, Baker Perkins formed its newest division, Infusent™, to provide new and unique equipment and service solutions for those sectors. As a participant in SLMC’s lending platform, Infusent is able to provide its customers with competitive, non-dilutive financing to fund equipment purchases, allowing those clients to spread their capital across a broader range of business needs. In addition, SLMC’s Preferred Vendor Program helps participating vendors gain a competitive advantage by increasing their sales velocity.
“As the cannabis and infused space continues to expand in size and script, there is an increasing need for support products and services from companies outside the cannabis industry,” said Andrew Kaye, Chief Commercial Officer of SLMC. “Companies like Baker Perkins rely upon traditional financial services to help their customers manage equipment purchases, and that is no different when those customers fall within the cannabis industry. SLMC’s Preferred Vendor Program enables Baker Perkins to better serve all companies.”
According to cannabis industry market analyst firm BDSA, cannabis-infused foods comprise only about 13% of dollar volume of the total cannabis market in the United States, currently estimated to grow to $27 billion in 2022. However, growth in the infused-products category is outpacing others in the industry, and that market share is expected to increase to 15% by 2025. Most recently, voters in both Maryland and Missouri approved the sale of adult-use cannabis products in their states, which will continue to increase the demand for Infusent equipment.
“Our customers spoke and we listened. They depend upon an ability to acquire and install our equipment to meet market demand and expand their business,” said Tony Gonzalez, Marketing Development Director of Infusent. “This creates difficulties for a lot of our customers that are not given access to traditional banking solutions, and we understand this. We are excited to offer a solution and join SLMC’s Preferred Vendor Program as one of our various, convenient and trusted financing options that can help facilitate the purchase of critical equipment to help promote ongoing growth for our cannabis industry customers and other industries we serve.”
For more information about the SLMC Preferred Vendor program, call 888-251-8384 or visit info@sweetleafmadison.com.
About Sweet Leaf Madison Capital
Sweet Leaf Madison Capital provides customized, “seed-to-sale,” asset-based lending solutions to the underserved middle-market of the cannabis industry by originating equipment financing, real estate loans, and senior secured term loans. The company is based in Denver and has an office in West Palm Beach as well as remote staff nationwide. To learn more visit Sweet Leaf Madison Capital online or continue the conversation on LinkedIn.
About Baker Perkins
Baker Perkins is a successful global supplier of food processing equipment and aftermarket services for the bakery, confectionery, food extrusion, breakfast cereal, pet food and biscuit, cookie, cracker and industrial extrusion end-markets. Part of Schenck Process Group since 2020, Baker Perkins possesses more than 120+ years of engineering and process expertise and excellence combined with a commitment to ongoing innovation, technology, and class-leading service and support, ensuring that their customers maintain their competitive edge. https://www.bakerperkins.com
About Infusent™
Infusent™ is an infused-food equipment manufacturer aimed towards creating exceptional products, innovations, solutions, and scalable equipment to aid the infused industry. Infusent™ is powered by Baker Perkins, bringing 120+ years of engineering expertise, bespoke ingenuity, and selfless customer care backed by lifetime support. Makers can trust reliable, hygienic equipment to create infused edible confections safely and deliciously — and help their companies grow. www.infusent.com
Contact: Jim Dissett
The 9th Block
303-532-7392
jim@the9thblock.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f5c71236-4e2b-4035-abc7-d657e3d8ee38
