Sorting Robotics Secures $2 Million in Debt Financing to Fuel Growth
LOS ANGELES — Sorting Robotics, the leading provider of industrial automation solutions for the cannabis industry, is proud to announce that it has secured $2 million in debt financing from investment groups Kiso Capital and Prospeq. This funding will support Sorting Robotics’ ongoing growth and expansion efforts across the cannabis industry’s value chain. The debt financing, which consists of $2 million in growth capital, will be allocated towards bolstering inventory to meet the increasing demand for Sorting Robotics’ automation solutions and enhancing the company’s working capital to further accelerate sales and market penetration. “The debt financing is crucial for Sorting Robotics, providing essential capital that drives our innovation without diluting ownership. It’s a strategic move that ensures our growth and enables continuous technological advancements to meet market needs,” stated Nohtal Partansky, Co-Founder and CEO of Sorting Robotics. Sorting Robotics has made a name ...