Sweet Leaf Madison Capital (SLMC) announced the closing of a loan for $207,000 to Koach Enterprises, a cannabis startup in California, creating a high-end brand through vertical integration. The funds will be used to purchase energy-efficient, top-of-the-line LED grow lights from Spectrum King LED.
“Koach Enterprises is headed by a very successful business owner with a proven track record of starting and running profitable business ventures,” said Sean O’Brien, Vice President of Originations at SLMC. “We are happy to be financing their purchase of Spectrum King LED lights during the first phase of their buildout, and we look forward to growing with them as they continue to expand.”
Spectrum King LED, part of Sweet Leaf Madison Capital’s preferred vendor program, originally approached SLMC about creating an equipment loan for Koach Enterprises. Koach Enterprises will use Spectrum King LED lighting in all aspects of their cannabis grow. Ultimately, their sights are set on creating a specialty cannabis brand, and this is an important first step in that process.
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Sweet Leaf Madison Capital