Jay Simner & Leon Steinberg - How to Raise Financing for Your Cannabis Business

On our latest episode of Grow Sessions we welcome Jay Simner & Leon Steinberg in an informative episode entitled, “How to Raise Financing for Your Cannabis Business.”Raising money to open or scale a cannabis business can be challenging, especially with U.S. banking restrictions, but there are proven ways to secure financing. Today we will talk about insights into equipment financing and the steps required to purchase equipment once your license has been procured. Topics will include: steps and information required by lender/lessor, raising equity, lease terms and rates and how you can get your cannabis business up and running.If you are a cannabis grower, owner of a facility or thinking of opening your own cannabis business, you don’t want to miss this episode. About Jay Simner Jay Simner, is the founder and Managing Member of Chicago based Cencor Capital, LLC.  Cencor provides funding for a variety of capital equipment in multiple industries, including essential equipment used in the cannabis industry.  From 1994-2009, Jay was one of the original principal owners of Relational Funding Corporation, acquired by interests of the Pritzker family office.  Jay has worked in the equipment leasing industry his entire career and holding positions with Computer Leasing, Inc., Heller Financial and GE Capital.Jay holds a BS degree in Accounting and Finance from Syracuse University. About Leon SteinbergLeon Steinberg is the founder and Managing Member of New Jersey based Three Point Capital, LLC, which he started in 2011.  Three Point arranges leases for an array of essential use equipment for middle market and emerging growth companies, including Cannabis companies. Leon has worked his entire career in the equipment leasing industry.  He applies his experience and knowledge to help customers best utilize their budgeted capital to acquire equipment in the most optimal way.Jay and Leon, who previously worked for many years for the same employers before founding Cencor and Three Point, respectively, have established a joint venture, pooling their expertise and resources, in order to better serve the emerging Cannabis industry.To learn more about Cencor Capital visit:  www.cencorcapital.comTo learn more about Three Point Capital, visit:  www.3ptcapital.comThanks for listening. Be sure to subscribe to our podcast to receive upcoming episodes.