Pelorus Equity Group

Cannabis companies led by teams who understand the importance of cash flow and how to work a balance sheet while keeping things "lean and mean" are "going to be the winners." That's according to Jessica Straw, EIR director at Progress Partners, who joined the Benzinga...

StateHouse Holdings Inc. (OTCQX: STHZF) (CSE:STHZ) a California-focused, vertically integrated cannabis enterprise, has entered into an agreement with Pelorus Equity Group as administrative agent and collateral agent to the credit and guaranty agreement, dated as of December 21, 2020, as amended (...

The cannabis industry has been affected by disruptions in the banking industry and changes in funding sources. Valley National's recent $72 million loan to Truly “is of particular interest, as it represents a significant move out of the shadows for banks in the cannabis industry,"...

Instagram has reportedly banned Curaleaf Holdings Inc.'s (OTCQX: CURLF) primary active account, citing a breach of its community guidelines. "Per a source familiar with the decision, Instagram banned @Curaleaf_Inc's main active account within the past hour," recently tweeted...

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...

REIT Classifications: When investing in real estate investment trusts (REITs), it is important to understand the two main types: mortgage REITs and equity REITs. Mortgage REITs generate income by underwriting or purchasing mortgages for the operators of the real estate. While equity REITs typically...

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, 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, 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...

Cannabis reform is heating up across the nation. With it comes a booming multinational market, including a projected $102 billion in sales by 2026, according to Prohibition Partners. Global reform efforts also received a late-in-the-year shot in the arm when Malta legalized possession of up to...

Photo by Richard T on Unsplash The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Federal regulations coupled with the U.S. government’s reluctance to decriminalize the cannabis...