Sorting Robotics, a pioneering provider of industrial automation solutions for the cannabis sector, has successfully secured $2 million in debt financing from investment groups Kiso Capital and Prospeq. The funding will be instrumental in supporting Sorting Robotics’ continued expansion and growth throughout the cannabis value chain.
The $2 million growth capital will be utilized to enhance inventory levels and meet the surging demand for Sorting Robotics’ automation solutions. Additionally, it will bolster the company’s working capital, enabling the acceleration of sales and market penetration.
Nohtal Partansky, Co-Founder and CEO of Sorting Robotics, expressed the significance of this debt financing. He emphasized that it provides vital capital for continuous innovation and growth without diluting ownership. This strategic move ensures that Sorting Robotics can meet market needs through technological advancements.
Sorting Robotics has revolutionized the cannabis industry by introducing cutting-edge automation solutions. Their product lineup includes Jiko, the industry’s first pre-roll infusion robot, Jiko+, a donut-style pre-roll infusion robot, Omni, a desktop vape-cartridge filling machine, and Mayweather, an automated pick and pack robotic arm. Each solution streamlines processes and enhances efficiencies for cannabis operators. The company’s unwavering commitment to technological advancement has been a key driver of their success.
Kiso Capital and Prospeq, participating in this funding round, recognize the potential of Sorting Robotics’ innovative automation solutions that have already made significant strides in the cannabis industry. Their involvement underscores the confidence in Sorting Robotics’ ability to meet the escalating demand for their products.
Sorting Robotics’ proprietary technology combines robotics, computer vision, and AI to tackle the operational challenges faced by cannabis brands and processors. By leveraging real-time production data analytics and state-of-the-art IoT hardware, Sorting Robotics helps manufacturers and processors optimize their operations, enabling efficient, effective, and profitable growth.
For more information about Sorting Robotics and their automation solutions, please visit sortingrobotics.com.
FAQs
1. What is Sorting Robotics?
Sorting Robotics is a leading industrial automation technology company focused on revolutionizing the cannabis industry. By harnessing robotics, computer vision, and AI technologies, Sorting Robotics provides solutions that optimize processes and improve efficiency for cannabis operators.
2. How will the debt financing help Sorting Robotics?
The $2 million debt financing will be allocated towards increasing inventory to meet growing demand for Sorting Robotics’ automation solutions. It will also enhance the company’s working capital, driving sales and market penetration.
3. What are some of Sorting Robotics’ automation solutions?
Sorting Robotics offers a range of innovative automation solutions, including Jiko, the first pre-roll infusion robot in the cannabis industry, Jiko+, a donut-style pre-roll infusion robot, Omni, a desktop vape-cartridge filling machine, and Mayweather, an automated pick and pack robotic arm.
4. Who are the investors providing the debt financing?
Kiso Capital and Prospeq are the investment groups providing the $2 million debt financing to Sorting Robotics. Their participation highlights their confidence in the company’s ability to meet the rising demand for automation solutions in the cannabis industry.