Sweet Leaf Madison Capital announced the closing of an equipment loan for over $700,000 for Claybourne Co. The loan will be utilized to update the company’s indoor cultivation and distribution facility in Perris, California. California’s third-largest flower brand by retail sales volume, Claybourne Co., has upgraded and modernized the cultivation facility with new racking equipment, lighting and HVAC technology.
“We have always been impressed with Claybourne’s attention to detail and commitment to the quality of their product,” said Ted Harris of Sweet Leaf Madison Capital. “As the cannabis industry matures, advancements in equipment and processes are occurring at lightning speed. It is essential that companies stay ahead of the curve in today’s competitive market, and we are glad to be a part of Claybourne’s progress.”
Since it was founded in 2017, Claybourne has been producing high-quality cannabis with special attention given to each step of the production process. The new racking equipment allows Claybourne to enhance its strict cultivation standards while enabling the company to triple its canopy square footage while simultaneously reducing production costs.
“Claybourne has excelled precisely because we have always kept our eyes on the best technologies to improve our products and our processes,” said Nick Ortega, CEO of Claybourne Co. “Sweet Leaf Madison Capital understands how important it is to make these operational improvements, especially as the industry continues to expand. Once the installation is complete, this new equipment will further our goal of providing premium cannabis products to all of California.”
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