nFusion Capital, a provider of financing solutions to small and middle-market businesses, provided a $5 million asset-based lending facility to private equity-backed distributor of plant cultivation equipment and supplies. The financing will support continued growth amid tightening credit conditions within cannabis-adjacent sectors.
With the U.S. cannabis market softening and as part of a broader reduction in exposure to cannabis-related industries, the company’s bank elected to exit the relationship. A referral source directed the private equity firm to nFusion Capital, which structured a new $5 million senior secured asset-based facility, providing immediate liquidity and long-term financing flexibility.
“What makes this deal special is not just the structure — it’s the new partnership at an important inflection point for the business,” Alexandra Scoggin, senior executive vice president of nFusion Capital, said. “I’m grateful to be working with a new private equity firm and supporting a business that is ready to scale. When the right capital meets the right team, growth accelerates.”
The new facility positions the company to execute its growth strategy with consistent access to working capital and a financing partner aligned with the operational realities of cannabis-adjacent distribution businesses.
