Dan Leimel

Pelorus Capital Group announced it priced the first-ever securitization for cannabis-linked real estate assets. Pelorus retained a third of the $70 million offering, selling $45 million of bonds (“PCG 2023-1”), which attracted a range of institutional investors and hedge funds. The one-...

Cannabis commercial real estate lender Pelorus Equity Group reported on Thursday its fourth quarter 2022 and full-year financial results. “Even in a volatile market, we outperformed the benchmark U.S. cannabis ETF by 84.58% and drove significant double-digit growth for our investors while...

Pelorus Equity Group, a company that provides real estate loans for cannabis, announced on Tuesday the closing of its $17.3 million debt financing agreement with Vassar Acquisitions Property Management, LLC and its cannabis operating entity, Canapa Valley Farms, and affiliated entities. Proceeds...

Pelorus Equity Group, a provider of commercial real estate loans for the cannabis sector, closed its $45.5 million debt financing agreement with TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF), and its subsidiaries, TerrAscend NJ, LLC and HMS Hagerstown, LLC. TerrAscend is a leading North American...

Pelorus Equity Group, a company that provides real estate loans for cannabis, has closed its S$15.8 million debt financing agreement with TransCanna Holdings Inc.  (CSE: TCAN) (XETR: TH8) , a California-based cannabis company. The loan proceeds will be used to refinance and develop...

Rob Sechrist, from what we've observed, loves talking about how market pressure - such as it is these shaky days - is not an obstacle for what he calls "the cannabis REIT parade." President of Pelorus Equity Group and co-manager of the Pelorus Fund, a cannabis...

Pelorus Equity Group, the leading provider of commercial real estate loans for the cannabis sector, has closed an $11.8 million financing with Juva Life Inc. (OTCQB: JUVAF), a life science company with pharmaceutical research and development and consumer-facing operations in cannabis production and...

Pelorus Equity Group, a company that provides real estate loans for cannabis businesses has provided $11M of non-dilutive real estate debt financing at an interest rate of 10.5%, to Inkster Pine Park, to fund working capital and support future growth. Inkster was previously the recipient of a $9.3M...

Pelorus Equity Group a company that provides real estate loans for cannabis businesses has completed the second and final tranche of its previously announced $77.3 million non-dilutive real estate debt financing with Harborside Inc. (CSE: HBOR) (OTCQX: HBORF). The...

Pelorus Equity Group,  a company that provides real estate loans for cannabis businesses, has provided $16.975 million of non-dilutive real estate debt financing to Royal Emerald Pharmaceuticals for the purchase of a new facility location in Desert Hot Springs, California. Formerly a Kmart...

Pelorus Equity Group, a company that provides real estate loans for cannabis businesses, announced Wednesday it has achieved 434% growth year-over-year in 2021. The Pelorus Fund, a privately held mortgage real estate investment trust with cannabis use and cannabis-related properties, also...

Canopy Growth Parts Ways With Its CFO & CPO Canopy Growth Corporation (NASDAQ: CGC) announced Friday that Mike Lee, executive vice president and chief financial officer, as well as Rade Kovacevic, president and chief product officer, will be stepping down from their respective roles and...

Pelorus Equity Group, a company that provides real estate loans for cannabis business, announced Wednesday the upsizing of its mortgage real estate investment trust Pelorus Fund, by increasing its offering to $1 billion from the previous $250 million. The news comes on the heels of becoming the...

Pelorus Equity Group, a company that provides real estate loans for cannabis business, said Thursdayits mortgage real estate investment trust Pelorus Fund is the first company in the cannabis sector to secure up to $20 million line of credit with a FDIC insured bank at 4.75% and no non-usage fees...

Pelorus Equity Group’s Pelorus Fund, a private mortgage real estate investment trust raised $42.25 million through a 7% senior unsecured notes private placement due September 30, 2026. The pioneer in cannabis lending, reported Wednesday that Pelorus Fund closed the offering, which is expected...